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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Post by MisterBon Aug 08, 2011 6:42pm

360 Views

Post# 18918976

$$$ Behind Possible Takeover

Not a bad day for Majestic, all things considered. Seems to always be a buyer at .19.
China mining resources - the company that invested 10M in Majestic and announced two weeks prior that it was in talks about a potential acquisition of a Gold Mining Company, seems to have heavy hitters behind it. Check out the Principal Bankers behind China Mining Resources:
https://www.chinaminingresources.com/eng/ir/information.htm

Principal Bankers
Industrial and Commercial Bank of China (Asia) Limited
UBS AG
China Construction Bank
Agricultural Bank of China
Bank of China

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