Majescor Resources Inc.

Majescor Resources Inc.

March 22, 2007 08:30 ET

Majescor Receives Additional Drill Data From Besakoa Madagascar: Intersects 12.5m of 0.6% Copper, 0.9 g/t Gold, 1.6% Zinc and 32.2 g/t Silver

MONTREAL, QUEBEC--(CCNMatthews - March 22, 2007) - Majescor Resources Inc. ("Majescor") (TSX VENTURE:MAJ) is pleased to report the assay results from the final 5 drill holes of an eight-hole, 431 m shallow drilling program, conducted in December 2006 on its Besakoa gold and base metal prospect, located in Tulear Province, southern Madagascar. This first phase of drilling shows continuity in style, thickness, and in base metal and gold/silver grades of the near-surface mineralization across the entire 380m strike length section tested. The Besakoa polymetallic prospect remains open both along strike and at depth.


Hole BSK-06-04 intersected 7.5 m grading 0.6 % Cu, 0.7 g/t Au,
0.5% Zn and 5.6 g/t Ag

Hole BSK-06-05 intersected 12.5 m grading 0.6% Cu, 0.9 g/t Au,
1.6% Zn and 32.2 g/t Ag, including a 2.8 m section
grading 1.3% Cu, 2.0 g/t Au, 0.7 % Zn and 86.4 g/t Ag

Hole BSK-06-06 intersected 7.5 m grading 0.3% Cu, 0.5 g/t Au,
0.2% Zn and 6.6 g/t Ag

Hole BSK-06-07 intersected 7.8 m grading 0.5% Cu, 0.4 g/t Au, 0.7%
Zn and 11.5 g/t Ag

Hole BSK-06-08 intersected 9.2 m grading 0.3% Cu, 0.2 g/t Au,
1.2% Zn and 8.1 g/t Ag

Marc-Andre Bernier, President and CEO of Majescor states: "The broader Besakoa property shows good potential for additional VMS-type discoveries. New surface geochemical data recently obtained by Majescor show at least 3 other targets within property limits with signatures very similar to the Main Besakoa prospect. At least one of these targets has a corresponding sulphide-bearing gossan extending over 200m in length. We are at the earliest stages of exploration at Besakoa, and the next phase of targeted exploration work could lead to the identification of one or more significant polymetallic resources near surface, or the discovery of high grade lenses at depth".

This drilling program was designed to confirm the historical drill data and to test the disseminated sulphide halo around the main sulphide lens, as well as the overlying surface oxide zone, both of which were not fully investigated for gold and base metals by previous drilling. The drilling was conducted to shallow depths (maximum 78 m), with three vertical holes, and 5 at -50 degrees. All holes positioned over a 380m strike-length section of the Main Besakoa prospect intersected polymetallic mineralization. The results from the first 3 core holes, which tested an 80 m section of the Besakoa prospect, returned a 21.5 m intersection grading 0.7% Copper, 0.5 g/t Gold, 1.1% Zinc and 21.4 g/t Silver (see Majescor Press Release dated February 8, 2007). The results from the final 5 holes are outlined in the table and are available together with a location map on Majescor's website at

All core samples, included duplicates and blanks (minimum 10%), were submitted to ALS-Chemex laboratories in Johannesburg, South Africa where they were assayed for precious and base metals using ICP-AES. Samples with greater than 10,000 ppm copper or zinc or greater than 10 ppm silver where reanalyzed using an ore-grade AAS or ICP procedure with an aqua regia leach.

From To Interval Au Ag Cu Zn
Core Hole (m) (m) (m) (g/t) (g/t) (%) (%)

BSK-DDH-06-04 (i) 12.00 19.50 7.50 0.66 5.58 0.63 0.49
including 16.00 17.00 1.00 2.16 7.60 0.79 0.70
43.70 50.00 6.30 0.22 9.08 0.42 0.78
BSK-DDH-06-05 11.50 12.50 1.00 2.24 6.80 0.18 0.11
17.50 18.20 0.70 0.37 29.40 1.44 1.37
29.00 41.50 12.50 0.85 32.17 0.56 1.59
including 36.50 39.30 2.80 2.03 86.36 1.32 0.73
BSK-DDH-06-06 8.50 16.00 7.50 0.52 6.55 0.25 0.20
including 11.50 12.50 1.00 1.68 12.30 0.18 -
BSK-DDH-06-07 30.50 38.30 7.80 0.38 11.48 0.47 0.70
including 33.30 34.50 1.20 0.14 3.98 0.20 2.20
including 37.50 38.30 0.80 1.61 10.60 0.35 -
BSK-DDH-06-08 26.20 35.35 9.15 0.22 8.10 0.32 1.16
including 28.50 32.60 4.10 0.19 6.55 0.26 2.29

(i) Ends in mineralization

Note: Although 4 of the reported 5 holes were drilled at high angle
to the mineralization, the above intersections do not represent
true widths.

Majescor's 2007 exploration plans for the Besakoa property include: additional drilling to extend known mineralized zones at depth and along strike, and to test other gossan occurrences; a deep-penetrating airborne electromagnetic and magnetic survey; systematic stream sediment and soil sampling; ground mapping; and prospecting.

Majescor's portfolio of gold and base metal properties in Madagascar includes, in addition to the Besakoa polymetallic prospect: the Daraina property in North Madagascar, where initial surface sampling in August 2006 returned grades of up to 87 g/t gold and 75 g/t silver; the Analalava property, which is host to a series of untested historical Ni-Cu showings, and is completely surrounded by BHP-Billiton claims; and the Ankaramy property which shows potential for both SEDEX-type (Pb-Zn) and epithermal gold-silver.

This press release was approved by Pascal Marchand, Senior Geologist, acting as the "Qualified Person" for the Company under National Instrument 43-101.

Majescor Resources is a dynamic and well funded exploration company with a large portfolio of uranium, gold and base metal, and diamond properties in Quebec, as well as diamond projects in the Northwest Territories and in Nunavut. Majescor has further diversified its property portfolio by recently acquiring gold and base metal properties in Madagascar.

To find out more about Majescor Resources Inc. (TSX VENTURE:MAJ), visit our website at

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

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