Majescor Resources Inc.

Majescor Resources Inc.

March 03, 2005 14:10 ET

Majescor Commences Drilling at Nottaway in the James Bay Lowlands of Quebec; Receives Microprobe Results for Portage


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MAJESCOR RESOURCES INC.

TSX VENTURE SYMBOL: MAJ

MARCH 3, 2005 - 14:10 ET

Majescor Commences Drilling at Nottaway in the James
Bay Lowlands of Quebec; Receives Microprobe Results
for Portage

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 3, 2005) - Majescor
Resources Inc. (TSX VENTURE:MAJ)

The following is an update of some of Majescor's active projects in
Quebec:

Nottaway (100% Majescor)

A reverse circulation (RC) drill campaign has been initiated on the
Nottaway project in order to both test a small number of geophysical
anomalies selected from high-resolution ground data and to follow-up on
positive till sampling results returned from an initial RC drilling
campaign undertaken in December 2003. The latter campaign, which had
been primarily designed to provide a better understanding of the
dispersion of the abundant indicator minerals found in this area of
thick glacial cover (reaching upwards of 60 m), had returned kimberlitic
indicator counts reaching 56 from the basal portion of a drill hole.
Many of the ilmenites recovered bore fragile perovskite mantles
suggesting proximity to source while detailed chemical analysis of a
selection of the positive grains confirmed the presence of G10 garnet (1
of 8 pyropes recovered), picroilmenite, picrochromite and olivine.

Portage (100% Majescor)

Indicator mineral data was recently received from Mineral Services
Canada for the diamond-bearing kimberlite float recovered last fall on
the Portage property which lies just north of the Otish Mountains. The
float, described mostly as magmatic phlogopite-serpentine-carbonate
kimberlite can be divided into two varieties depending on their low or
high macrocryst contents. However, the fragments are thought to be from
the same kimberlite intrusion. High-Cr garnet, chromite and ilmenite
were recovered, while eclogitic garnet and Cr-diopside are absent. Both
G10 garnet and diamond-inclusion-type chromite are present.
Ni-thermometry on garnet indicates that most of the garnets are derived
from inside the diamond stability field.

Majescor is planning to carry out a comprehensive ground geophysics
campaign in the spring over an area of 1 km2 covering the presumed head
of the dispersion train of the kimberlite float in order to detect the
source. Should a target be generated by the later work, then a drilling
program will be planned. A detailed sampling campaign is being
considered for the property as a whole to both further increase sample
density and to follow-up on a number of indicator mineral anomalies
detected through last summer's effort.

In other news, Stornoway has informed the company that it has elected
not to exercise its option on the property.

Lac Laparre (100% Majescor; Dunsmuir Ventures Ltd. has an option to earn
a 50% interest)

During the course of last summer's glacial sediment sampling campaign on
the lac Laparre project located some 60 km southeast of Portage, in the
Otish Mountains proper, a total of 100 samples were collected across the
property. Results continue to indicate the presence of two distinct
source areas based on mineral chemistries and assemblages. A new,
isolated, low count anomaly has been detected as well. Both ilmenite,
Cr-pyrope, chromite and forsterite olivine are present, many of the
grains bearing fragile surface textures; this indicates proximity to
source. An extensive ground geophysics program is being considered by
the partners for 2005 to follow up on the higher priority geophysical
targets selected from a high-resolution magnetic survey flown earlier
over the project area. A number of anomalies have been assigned a high
rating as the magnetic background is very subdued due to its location in
the Otish sedimentary basin of Proterozoic age; the preserved thickness
(up to 1 km) of the sediments suggests that larger, less eroded
kimberlites could be present in the sector.

Mistassini (50% Majescor - 50% Superior Diamonds Inc.)

During the course of last summer's glacial and river sediment sampling
campaign on the Mistassini project which is located some 70 km south of
Portage, a total of 21 samples was collected on two target areas which
had previously yielded high counts of indicator minerals, many bearing
fragile surface textures. The results, which returned counts of up to
232, have shown that chromite with diamond inclusion chemistry was
recovered from both sectors investigated. Cr-pyrope is present in
significant numbers in both areas, some grains of the G10 variety
bearing Cr2O3 greater than 8 wt%. A limited follow-up program is being
considered for 2005.

Jacques Letendre, Professional Geologist, is responsible for the conduct
and design of the company's exploration programs, as well as for the
quality assurance of analytical results and their verification.

Majescor is a well funded exploration company with a large portfolio of
diamond properties in Quebec, Nunavut and the Northwest Territories in
Canada, and in the USA, Brazil and Madagascar.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Majescor Resources
    Andre Audet
    (613) 241-5333
    (613) 241-6005 (FAX)
    andre@majescor.com
    www.majescor.com
    The Toronto Stock Exchange - Venture (TSX Venture) does not accept
    responsibility for adequacy or accuracy of this release.