Majescor Resources Inc.
TSX VENTURE : MJX

Majescor Resources Inc.

February 06, 2006 12:55 ET

Majescor Resources Plans 20 Hole Drill Program at Portage, Quebec

MONTREAL, QUEBEC--(CCNMatthews - Feb. 6, 2006) - Majescor Resources Inc. (TSX VENTURE:MAJ) reports that it is making preparations to mobilize a drill rig on its Portage property located in Quebec's Otish Mountains along with joint venture partner Forest Gate Resources Inc. Forest Gate can earn 50% interest on the property by spending $5 million over 5 years.

By mid-February, the Joint Venture Partners expect to begin a 20-hole drill program that will attempt to delineate the Remick kimberlite dyke over a 1000 metre strike length. In addition to beginning to provide an idea of the strike length, the drill program will also attempt to delineate the size, shape and diamond bearing potential of the kimberlite body.

Prior to drilling, Majescor will conduct a detailed ground geophysical survey over the dyke's projected strike length that will assist with target location and drill placement.

In addition to geophysical surveys, the company is also employing satellite imaging technology to conduct a regional-scale structural analysis of the Portage property in order to better understand the controlling factors of kimberlite emplacement.

Lake-bottom sediment sampling will also be tested as an exploration tool near the Remick dyke and at the head of known indicator mineral dispersion trains.

The Remick kimberlite dyke is located less than 2 kilometres west of SOQUEM/Ashton Mining's Foxtrot property. The Foxtrot property hosts the 3.7 kilometre long Lynx dyke, the 850 metre long Hibou dyke and the Renard cluster of diamondiferous kimberlite bodies.

An Ashton Mining press release dated November 8, 2005 states: "The joint venture plans to collect a large bulk sample from the Renard cluster in 2006 in order to obtain a minimum 5,000 carat parcel of diamonds for evaluation purposes. Concurrently, the exploration of the Foxtrot property will continue with the goal of discovering additional kimberlite bodies."

Throughout 2006, the Joint Venture partners are planning to aggressively explore the Portage Property by funding a multiphase exploration program that includes prospecting, ground geophysics, glacial till sampling, lake-bottom sediment sampling and diamond drilling.

About the Company:

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

To find out more about Majescor Resources Inc. (TSX-V: MAJ), visit our website at www.majescor.com

This press release is available on the Majescor IR HUB for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/IR/Majescor Alternatively, investors are asked to e-mail all questions and correspondence to MAJ@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and correspondence directly.

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

Contact Information