Forum Haiti : Des Idées et des Débats sur l'Avenir d'Haiti
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AuteurMessage
piporiko
Super Star
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Masculin
Nombre de messages : 4753
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Localisation : USA
Opinion politique : Homme de gauche,anti-imperialiste....
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Date d'inscription : 21/08/2006

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MessageSujet: DIASPORA AP BOUJE   DIASPORA AP BOUJE EmptyVen 24 Avr 2009 - 10:37


[size=12]Simact Enters into Strategic Alliance with
Majescor for Haiti Copper-Gold Property




Westbury, New York,
April 24, 2009. Simact Mining Holding
Inc
is
pleased to report that its subsidiary,

Simact
Alliance Copper Gold Inc
. (“Simact”)
has
signed an agreement with

Majescor
Resources Inc.
(“Majescor” or “the Company”)a publicly
traded Canadian company (MJX:
TSX-V)

giving the Company an option on
Simact’s interest in a property with both gold and copper potential (“the Somine
Property”), located in north-eastern Haiti. The Somine Property hosts the
historical Blondin and Douvray copper-gold prospects; the historical Faille-B
gold prospect; along with a series of recently-discovered copper-gold
showings.




Jean-Marie
Wolff, President of Simact Mining Holding Inc. states: “The SIMACT group has for
years been involved in investing in many facets of the Haitian economy toward
achieving its goal of actively participating in the economic development of the
Republic of
Haiti . He believes that
Haiti is rich in unexploited
resources. He trusts that this agreement is a major step for Simact in helping
wake up this sleeping giant.”




Marc-Andre
Bernier, President and CEO of the Company states: "Majescor has an established,
ten-year long tradition of exploring emerging mineral districts. The deal with
SIMACT and its Principals offers a new and unique opportunity for the Company to
participate in the evaluation and development of a key property located in the
prospective Massif-du-Nord volcanic complex of north-east Haiti . We
believe that the time is right to invest in Haiti and in
projects with gold and copper potential. Gold has remained a steady commodity in
this economic downturn while copper has just hit a 6-month high. Not only does
the SOMINE Property contain three historical copper and gold occurrences, the
mineral rights of which are secured under a mining convention with the State,
but it is surrounded by ground recently acquired by Eurasian Minerals Inc. and
partner Newmont Ventures Ltd. Majescor intends to fast-track the development of
the SOMINE Property through further quantification of the three known prospects
and the drill testing of new geological targets and ground
showings."

[/size]
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piporiko
Super Star
Super Star


Masculin
Nombre de messages : 4753
Age : 51
Localisation : USA
Opinion politique : Homme de gauche,anti-imperialiste....
Loisirs : MUSIC MOVIES BOOKS
Date d'inscription : 21/08/2006

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MessageSujet: Re: DIASPORA AP BOUJE   DIASPORA AP BOUJE EmptyVen 24 Avr 2009 - 10:38

SIMACT and SOMINE

SIMACT is a Montreal-based private
company headed by a group of Canadian financiers and Haitian-American
developers. The alliance aims to promote sustainable mineral development
initiatives in Haiti by creating synergies between
the Canadian financial and mining communities and the North American Haitian
Diaspora.

SIMACT holds title to 66.4 % of all the issued and outstanding
shares of SOMINE, a company incorporated under the laws of the Republic of Haiti . SOMINE in turn, has 100% title to
the SOMINE Property. SOMINE's mineral rights and obligations have been assigned
under a mining convention executed with the State of Haiti on May, 5, 2005 (the
"Mining Convention"), which covers a 50 km2 Research Permit and is valid until
March 9, 2010, and under a Prospecting Permit awarded in 2006. The Prospecting
Permit, which encompasses four areas lying to the East, South and Southeast of
the permit subject to the Mining Convention, expired in December 2008. SOMINE
has requested the conversion of the Prospecting Permit into a Research Permit
and has filed all technical and source documents in support of its application
with the Haitian Bureau of Mines and Energy. The Research Permit is
pending.

The Principals of SIMACT own approximately 80% of SIMACT's
issued and outstanding common shares.

Terms of the Agreement

The
terms of the Agreement with SIMACT and the Principals can be summarized as
follows:

(i) Majescor will acquire from the shareholders of SIMACT 10% of
all the issued and outstanding common shares of SIMACT, the whole in
consideration of the issuance to all SIMACT shareholders, on a proportionate
basis, of 2,000,000 treasury common shares of Majescor, This initial acquisition
by Majescor is subject to, among other things: (1) a satisfactory technical and
legal due diligence on SIMACT, SOMINE and the SOMINE Property, (2) all SIMACT
shareholders accepting to be bound by the terms of the Agreement and (3), all
legal and regulatory approvals.

(ii) Concurrently with the initial
acquisition by Majescor, SIMACT and the Principals have agreed to grant Majescor
an option ("the Option"), the whole in consideration of an option payment of
$200,000 to SIMACT (of which a non-refundable payment of $25,000 has been paid
by Majescor on the date of execution of the Agreement) and the carrying out by
Majescor of $600,000 in exploration work and other related expenses on the
SOMINE Property within 8 months following the execution of this Agreement, to
purchase all the remaining SIMACT shares and other securities of SIMACT, if any,
held by the current SIMACT shareholders, in consideration for the issuance of
10,000,000 treasury common shares of Majescor to be issued to all current SIMACT
shareholders on a proportionate basis. This Option, which is also subject to
complete and satisfactory due diligence, may be exercised by Majescor within 12
months from the date hereof. The Company is not obliged to exercise the Option,
nor will it have any right to exercise the Option prior to incurring the
required work expenses referred to above.

SIMACT is the operator of the
SOMINE Property. The 2009 exploration program for the property, which has been
approved by Majescor, calls for core drilling of one or more of the historical
prospects, as well as of a number of the recently outlined geological targets
and surface gold and copper showings. Majescor may pay to SIMACT any balance of
the $600,000 in work expenditures not yet incurred in lieu of incurring such
work expenditures. As the Option may constitute a Reverse Take Over within the
meaning of the policies of the TSX Venture Exchange (the "Exchange"), the
Company will need to obtain all required regulatory and shareholder approvals
before exercising the Option.

(iii) Furthermore, in the event that within
a period of two years following the exercise of the Option, a NI 43-101
technical report (the "Report") prepared by an independent and accredited
reputable engineering or geological consulting firm determines indicated mineral
resources on the SOMINE Property to be between 1,000,000 and 2,000,000 ounces of
gold, or its equivalent in copper, Majescor shall, within 30 days of the report,
issue an additional 3,000,000 common treasury shares to current SIMACT
shareholders. In the event that the indicated mineral resources on the SOMINE
Property are determined by the Report to be equal to or greater than 2,000,000
ounces of gold or its equivalent in copper, Majescor shall, within 30 days of
the Report and in addition to the 3,000,000 common shares mentioned hereinabove,
issue another 3,000,000 common treasury shares to current SIMACT shareholders.
These additional issuances of common shares will also be subject to all required
corporate and regulatory approvals.

The Agreement with SIMACT has been
approved by all the directors of Majescor, with the exception of Andre Audet,
Chairman of Majescor, who declared his interest as a shareholder and director of
SIMACT and as such did not participate in the vote.

Regional Geology and
Historical Prospects

The SOMINE Property area corresponds to a volcanic
arc of Meso-Cenozoic Age that can be traced from Central Cuba through the
Dominican Republic and forms
part of the NW-trending Mountains of the Massif-du-Nord group.
This group is composed mainly of volcanic tuffs and lavas from the volcanic
belt, ranging in composition from felsic, through intermediate, to mafic and
ultramafic rocks. The belt is composed of numerous lenticular bodies of lava and
pyroclastic material of felsic composition, varying from dacite to rhyolite,
embedded in a thick series of predominantly mafic volcanoclastic rocks, mainly
andesite with lesser amounts of basalts, with numerous intercalations of diverse
sedimentary rocks, like radiolarian cherts, carbonate rocks, and
tuffs.

Copper and gold are the two main ore types in the area. Copper is
usually found associated with the porphyritic facies, the microtonalitic
apophyses, and the silicified zones, filling fissures and fractures, as well as
disseminated. Within the quartz vein systems, the copper is contained in the
chalcopyrite, while the gold appears both as native gold and as a very fine
disseminated gold in the sulphide zone. It can also form spectacular
concentrations on the oxidised cap. The native gold is usually found associated
with chlorite, as well as in grains of pyrite and chalcopyrite. A second
generation of gold is usually found associated to the quartz and the chlorite.
The gold content is extremely variable.
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piporiko
Super Star
Super Star


Masculin
Nombre de messages : 4753
Age : 51
Localisation : USA
Opinion politique : Homme de gauche,anti-imperialiste....
Loisirs : MUSIC MOVIES BOOKS
Date d'inscription : 21/08/2006

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MessageSujet: Re: DIASPORA AP BOUJE   DIASPORA AP BOUJE EmptyVen 24 Avr 2009 - 10:39

The SOMINE Property holds the
historical Blondin and Douvray copper-gold prospects; the historical Faille-B
gold prospect, as well as a number of recently-outlined geochemical and
geophysical targets and surface gold-base metal showings that have not yet been
drill tested. The Blondin, Douvray and Faille-B prospects have been known since
the 1970's and 1980's when they were investigated in some detail by foreign
bilateral and multilateral agencies, in particular the United Nations
Development Program ("UNDP"), the German Bundesanstalt fur Geowissenschaften und
Rohstoffe ("BGR") and the French Bureau de Recherches Geologiques et Miniere
("BRGM"). A series of geochemical and geophysical surveys were carried out on
the SOMINE Property. Drilling, trenching, mapping and soil sampling were also
performed, as well as metallurgical studies. More recently (1995-2006), the
three prospects were investigated by a consortium of Canadian junior mining
companies.

The Douvray, Blondin and Faille-B prospects were reviewed by
R. Valls of Valls Geoconsultant in 2004 as part of a NI 43-101 qualifying report
written by on behalf of Ste-Genevieve Resources Ltd. (acquired by Ascendant
Copper Corp., now Copper Mesa Mining Corp.). This report, entitled "Technical
Report of the Geology and Mineral Resources of the Douvray - Blondin - Faille B
Copper and Gold Prospects in Haiti " is available at
www.SEDAR.com.

At
Douvray, the German BGR completed a total of 38 diamond drill holes in 1980. An
additional 22 holes were drilled at Douvray in the late 1990s. For Blondin, the
bulk of the exploration work appears to have been carried out in the 1970's by
the UNDP (8 drill holes totalling 1,500 m). Results from a number of grab
samples collected by R. Valls returned values ranging from 1.19 to 8.14% Cu for
Douvray and from 1.55 to 10.42% Cu for Blondin.

The Faille-B gold
prospect was investigated under the UNDP's Revolving Fund for Natural Resources
Exploration (1982-1987) with 31 holes drilled over a strike-length of 1.8 km. In
the course of a trenching campaign carried out in 2007 by SIMACT on the East and
West extensions of the Faille-B prospect, significant values were encountered
locally, one vein averaging 42.7 g/t Au over 6 m, including values of 107.5 g/t
Au over one meter, 61.4 g/t Au over one meter and 41.2 g/t Au over one meter
(see Diagnos Inc press release, October 30, 2007). The Faille-B prospect
coincides with a major NW-trending structural lineament which extends through to
the Blondin copper prospect.

Field work carried-out by SIMACT elsewhere
on the SOMINE property in 2007 focussed on new geological base metals targets.
Five grab samples on one of the targets returned copper values of 7.46, 6.21,
9.51, 0.10 and 6.69% Cu respectively. The target represents an outcrop which is
highly mineralised over some 20 meters in length and one meter thickness (see
Diagnos Inc. press release dated February 29, 2008).

Majescor is a junior
explorer focusing on emerging mineral districts. Majescor's project portfolio
includes two uranium exploration projects in Quebec and one in the Baker Lake basin in Nunavut . The Quebec properties include
Mistassini (100%-owned; under option to Strateco Resources Inc.) and Lac Laparre
(100%-owned; under option to Santoy Resources Inc.). In Nunavut , the Company holds 100% mineral rights to the
Baker Lake uranium property. In addition to
uranium, Majescor owns 100% mineral rights to four gold and base metal
properties in Madagascar (under option to Sunridge Gold Corp.), as well as 100%
mineral rights to the Mirabelli gold and base metal property in
Quebec.

This press release was approved by Jacques Letendre, P.Geo,
Director of Majescor, acting as the "Qualified Person" for the Company under
National Instrument 43-101.

To find out more about Majescor Resources
Inc. (TSX VENTURE:MJX), please visit our website at
www.majescor.com.

Forward-Looking
Statements

This News Release may contain or refer to "forward-looking
statements" which reflect Management's expectations regarding the Company's
future growth, results of operations, performance and business prospects and
opportunities. These statements reflect Management's current beliefs at the time
of this news release and are based on information currently available to
Management. All statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans and
objectives of Majescor Resources inc., are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from Management's
expectations are exploration risks detailed herein and from time to time in the
filings made by the Company with securities regulators.

Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.


For
more information, please contact


Majescor
Resources Inc.
SIMACT Mining Holding Inc.







Marc-Andre
Bernier

Jean-Marie Wolff


President
& CEO
President
613-241-5333
516-997-4400
613-241-8632 (FAX)
516-997-5063 (FAX)
marc-andre@majescor.com
Jwolff5604@aol.com




or
or

Majescor Resources Inc.
SIMACT Inc.
Andre Audet
Lesly Kernisant, Md
Chairman
Chairman and Founder
613-241-5333
516-997-4400
613-241-8632 (FAX)
516-9975063 (FAX)
andre@majescor.com

lkernisant@aol.com
www.majescor.com

www.simact.net
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