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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

Metals & Mining Gold
Majestic Gold Corp. is a Canada-based mining company. The Company is engaged in mineral resource exploration, development and extraction. The Company’s Songjiagou Gold Mine covers approximately 75.04 square kilometers in Muping, Yantai, Shandong Province, China. It has four separate tenements, including E36/918, E37/1334, E63/2110 (Kumarl) Tenement and E77/2817 (Moorine) Tenement. These tenements are located in Western Australia, an area with demonstrated potential for the discovery of lithium oxide mineralization. E36/918 tenement has been granted and consists of two blocks located 150 kilometers (km) North of Leonora, about 50 km north of Leinster, along the east side of the Kathleen Valley. E37/1334 tenement has been granted and consists of six blocks located west of Leonora township, 200 km North of Kalgoorlie and 700 km northeast of Perth, in the Goldfields region. E63/2110 (Kumarl) tenement has been granted and is comprised of 10 blocks located 250 km south of Kalgoorlie.


TSXV:MJS - Post by User

Majestic Gold Corp.
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Post by Value2020on Aug 01, 2020 8:23pm
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Post# 31354580

Production data *FACT

Production data *FACT

Songjiagou Gold Mine

                                                 Mar 31, 2020     Mar 31, 2019
Tonnes mined                           224,692             285,633
Tonnes milled                            346,177        299,874    *** My Opinion they cleaned up
Head grade (g/t)                        0.47                  0.58               all the old ore 122,000 tons
Mill recovery                              94%                  96%               hence the grade drop

Underground

Tonnes mined                            23,915              24,909
Tonnes milled                            23,915              24,909
Head grade (g/t)                        2.53                  2.53
Mill recovery                              99%                  96%

Total Operations

Tonnes mined                           248,607           310,541
Tonnes milled                           370,092            324,783
Head grade (g/t)                       0.60                  0.73
Mill recovery                             95%                  96%

 

 


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Dealroom for high-potential pre-IPO opportunities