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

Comment by MisterBon Mar 17, 2020 8:48pm

144 Views

Post# 30819559

RE:MJS' Subsidiary Donated RMB 2,000,000 to Local Red Cross

That is a move by a responsible community member, considering the number of people they employ in the region.

I certainly hope they are close to obtaining their new, open pit license with increased production throughput. With where gold is going, MJS could be making $1000 per Oz produced or more. They have capacity, they have the high-grade underground mine, and the last thing is they need the license to increase throughput. That would be the game-changer.

B

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