Majescor Resources Inc.
TSX VENTURE : MJX

Majescor Resources Inc.

October 03, 2005 09:00 ET

Majescor Finds Second Kimberlite Body in Madagascar

MONTREAL, QUEBEC--(CCNMatthews - Oct. 3, 2005) - MAJESCOR RESOURCES (TSX VENTURE:MAJ) Majescor and its partner Madagascar Mining Development are pleased to announce that they have discovered a second kimberlite in Madagascar. The body also occurs near surface as a very weathered dyke some 0.5 m thick. The dyke, which displays abundant coarse ilmenite grains (greater than 1 cm), can be traced over 200 m. As was the case with the first discovery, the kimberlite dyke is considered to be the source of a sample collected on a short drainage and which had proven to contain abundant ilmenite grains bearing fragile surface textures, as well as a fresh G1 (megacryst) garnet. The positive sample site lies some 700 to 1,000 m downstream of the discovery trench.

Some 200 kg of material was collected from each of the kimberlites for caustic fusion recovery of diamond. Laboratory results are expected early in the new year.

To quote Andre Audet, CEO of Majescor: "We are again extremely pleased with the progress of the work performed on this project by our Malagasy crews under the supervision of Pascal Marchand. A number of samples of river sediments were collected over the course of the campaign on two other short drainage systems where we have strong indications of local kimberlites. We will however, await the laboratory results before following these up further in the months to come. At that time, we will also undertake detailed sampling on a number of other positive drainages and perform additional regional stream sampling where our coverage is lacking. Our first discovery of a kimberlite in Madagascar has stirred up quite a lot of interest in the country as it made front page news in the press".

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

The Toronto Stock Exchange - Venture (TSX Venture) does not accept responsibility for adequacy or accuracy of this release.

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