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 Aug 06, 2020 8:36am

75 Views

Post# 31371433

RE:Buyback & Shareholder Update

Did the company indicate a shareholder update was coming? Just curious. They should be promoting this company a lot more going forward, but I don't see a plan yet.

As stated, they have 9200 TPD capacity and were using using around 3500 TPD under the previous license, so they could ramp up 250%, but I would suspect they would do it slow and steady.

B

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