Gold and copper exploration in Haiti

Majescor recently signed an agreement with the private company headed by a group of Canadian financiers and Haitian-American developers, SIMACT Alliance Copper Gold, to acquire a 10 per cent interest in that company, as well an option to acquire the remai

PORT-AU-PRINCE, Haiti, April 29, 2009 – The northeastern mineral district of Haiti will soon be the site for gold and copper exploration.

A Montreal-based mining company, Majescor Resources Incorporated, has announced it will explore the area in a partnership with a New-York-based consortium of Haitian American investors, hoping to make finds similar to those decades ago.

The company said the area has significant prospects.

Majescor recently signed an agreement with the private company headed by a group of Canadian financiers and Haitian-American developers, SIMACT Alliance Copper Gold, to acquire a 10 per cent interest in that company, as well an option to acquire the remaining 90 per cent interest.

“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,” said Marc-Andre Bernier, President and CEO of the Majescor in a release issued by the company.

“We believe that the time is right to invest in Haiti and in projects with gold and copper potential.”

Gold and copper were found in Haiti decades ago, but the country's instability and lack of infrastructure have discouraged investment.