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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

Comment by Value2020on Feb 09, 2023 6:10pm
76 Views
Post# 35278416

RE:Motivation for Additional Drilling in 2023

RE:Motivation for Additional Drilling in 2023
This is very large depsoit when one accounts for both indicated and inferred resource.  Plus the study you are referring to is almost 10 years old.  We need a new drill program to update the resource estimate use the the current gold price of $1900 +/$100 to calculate NPV.

MJS's growing pains are all behind us, now it just needs some focus on exploiting the resource properly with a pinch of marketing.

Nothing less nothing more...
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