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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 Jan 25, 2023 11:52am
151 Views
Post# 35245341

Very large Inferred Resource outside the optimized open pit

Very large Inferred Resource outside the optimized open pit

From SRK Report..nearly  twice as many ounces remaining outside  the open pit mine after the current 10 open pit mining is completed



The SJG Project contains 26,600 kt of Indicated Mineral Resources at an average gold grade of 1.40 g/t, and 23,400 kt of Inferred Mineral Resources at an average gold grade of 1.45 g/t Au within the optimised open pit, at a cut-off grade of 0.3 g/t Au.

In addition to the open pit, there are about 5,600 kt Inferred Mineral Resources occurred outside of the optimised open pit with an average gold grade of 2.56 g/t Au at a cut-off grade of 0.8 g/t Au.
  
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