Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

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

Post by nozzpackon Nov 17, 2022 5:21pm
138 Views
Post# 35108587

Five Largest Gold Mines in China are all Underground

Five Largest Gold Mines in China are all UndergroundThe reason is obvious as it is elsewhere .

Open pit deposits are the uplifted portion of  dessiminated gold that becomes oxidized through the weathering process .
The source of this gold is the basement motherlodes which can extend to depths in excess of 1000 m below the base of the open pit and whose grades are doubles or more of the surface pit oxide gold.

With 2.5 million ounces exposed todate by the Songj open pit mine, it's a highly probable bet that the underground gold resource at Songi will be in excess of 5 million ounces once underground mining replaces open pit mining in a decade or so.

So, potential mine life here including the inevitable transit to underground mining  will be well over 40 years ....

https://www.mining-technology.com/marketdata/five-largest-gold-mines-china-2020/
<< Previous
Bullboard Posts
Next >>