Majestic Gold Corp. V.MJS

Alternate Symbol(s): MJGCF

Metals & Mining Gold

Majestic Gold Corp. is engaged in mineral resource exploration, development and extraction. It operates the Songjiagou open pit gold mine in the eastern Chinese province of Shandong. Songjiagou Gold Mine covers over 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 kms 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 kms North of Kalgoorlie and 700 kms northeast of Perth, in the Goldfields region. E77/2817 (Moorine) Tenement consists of eight blocks located 400 kms east of Perth.

TSXV:MJS - Post by User

Majestic Gold Corp.

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Comment by MisterBon Apr 08, 2010 9:19am

214 Views

Post# 16968910

Majestic & DAX: New 52wk High

There has been a new 52 week high set in Frankfurt on increasing volume (over 200% increase since my last post)...

At .089 euro, it's looking like a .12 CDN cent day and possibly more if the DAX continues to push the SP higher.

Perhaps accumulation will continue all the way up to the AGM.. We may just set a new 52 week high on the TSXV today too.

Still looking strong - and still very undervalued for a company that will be producing 75k - 100k oz of gold in 2011.

B

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