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.

Bullboard Posts

Post by muley1on Apr 23, 2010 11:34am

238 Views

Post# 17024016

Resource Estimate?

Here is my best guess as to how the math works on this new 43-101.

To do the percentage it would be 1.12 x the indicated resource or 481,036 oz and2.28 x 744,963(inferred) or 1,698,515 oz for a total of 2,179,551 ounces. If thisis right this is excellent! Feel free to challenge this and we should get some clarity from MJS on this!

Bullboard Posts

Understanding tax loss season and the “Santa Claus rally”