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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 Feb 07, 2023 10:35am
239 Views
Post# 35271697

Making SJ a Super Pit Mine

Making SJ a Super Pit MineA super pit mine is one in which various adjacent Underground deposits are consolidated within the Open Pit mining method.

Mining of both open pit and underground are then conducted within an expanding open pit both laterally and at depth by blasting through the floors and walls of the pit.

A good example of a superpit mine is Flinston in AUST (https://en.wikipedia.org/wiki/Super_Pit_gold_mine  ).

Super pits are very productive and cost effective to mine the deeper lodes of ore which tend to be higher grade.

It is worth noting that the SJ underground mine ( SJ North ) is actually a continuation of the current open pit.

It is barely explored with less than 20 holes .

Shallow grades are identical to those mined within the open pit and the deeper grades are at 2.56 gms/ton and higher.

SJ North covers 4.14 sq meters of surface area , which @ 2ounces /sq m has  potential to contain another 8 million ounces of gold.

Outside SJ North and the SJ open pit  there are only a few drill holes but these indicate that the auriferous ore within the pit and within SJ North continue out side these areas.

This creates an ideal scenario  for SJ to become  a Super pit producer which would have a mine life measured in multiple decades ........


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