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Majescor Resources Up More Than 100% on Haiti Update

Majescor Resources (MJX.V) is up more than 100% at 29 cents with 2.4 million shares traded on news that its 100%-owned affiliate company SIMACT Alliance Copper-Gold Inc. and their Haitian partner SOMINE SA reported on drilling of the Faille B gold prospect on the SOMINE project, NE Haiti.

It said: "The drill program took place in December 2009, but analyses and results were delayed due to the earthquake of January 2010 in Port-Au-Prince. Since that time, care has been taken to ensure that the samples were properly stored, accounted and retrieved before shipment to a reputable laboratory facility, Acme Analytical Laboratories of Vancouver BC, for analysis. Drill hole FB-09-09 returned a significant intersection of 77 g/t Au uncut over 10.5 metres."

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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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