Jun 28, 2017

Majescor Resources Renamed Albert Mining; Commences Diamond / Gold Exploration in Quebec

Albert Mining Inc, the new name recently adopted by the Company earlier known as Majescor Resources, has announced the initiation of its summer 2017 field exploration programmes on its gold and diamond properties in Quebec viz. James Bay Kimberlite, Nelly Neilson gold and Laparre Kimberlite and Mirabelli Gold properties all in relatively close proximity, and the Currie-Madeleine and Wachigabau Gold-Copper properties in the Lebel sur Quevillon region.

The junior mining exploration company has an extensive portfolio of properties in the region. It is also one of the foremost in the application of Artificial Intelligence and data mining technical services in the mining sector using its Computer Aided Resources Detection System (CARDS), which it recently acquired along with the entire mining division of DIAGNOS Inc.

Helicopter borne sampling will be undertaken at the James Bay Kimberlite property which consists of 21 claims blocks (131 CDC claims) located in proximity to the Renard Diamond Mine and Stornoway’s Adamantin Project, Albert said. This territory became a focal point for kimberlite exploration following the discovery of diamonds in the Renard and the Beaver Lake sectors.

Activity will commence in early July through till sampling with some of the glacial sediment samples being collected immediately down ice from the 37 kimberlite targets that were identified and scored by rank of priority using CARDS. Samples will be submitted to Overburden Drilling Management of Ottawa for the recovery and identification of kimberlitic indicator minerals, it added.

In conjunction with this, the Company will also work on Nelly Neilson and Laparre properties which respectively cover anomalous gold grains and kimberlite indicator minerals in glacial sediment identified through previous regional sampling. The current activity will entail closely-spaced till sampling to confirm and better locate the source of the minerals.

The other properties are being explored for gold and copper.

Last week, Majescor announced that it had decided to change its corporate name to Albert Mining Inc and would formalise its re-branding initiatives in the near future. The step was being taken to reflect recent acquisitions of entire mining division of DIAGNOS, including CARDS, Manageo (claims management), as well as all the exploration projects and Royalties.

At the same time it had announced a $550,000 non-brokered private placement comprised of $250,000 in flow through common shares at an issue price of $0.12 per share and $300,000 in non-flow through common shares at an issue price of $0.10 per share with one common share purchase warrant. It said that the proceeds will be used for exploration in Quebec.