Majescor Resources Climbs 12% After 1st Two Drill Holes from Douvray Deposits Return 0.56% Copper

Majescor Resources Inc. (MJX.V) is up 2.5 cents at 23 cents a share this afternoon and the junior miner reporting that assays from the first of two holes drilled at the Douvray porphyry deposits in Haiti returned 0.565% copper over a 255-meter interval. The second drill encountered 0.566% copper over 371.1 meters before reaching the rig's maximum drilling depth. Majescor said gold grades still are pending.

Shares initially spiked to 24 cents each following the news but retreated a penny in recent minutes.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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