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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 nozzpackon Feb 09, 2023 8:06pm
67 Views
Post# 35278546

RE:RE:Motivation for Additional Drilling in 2023

RE:RE:Motivation for Additional Drilling in 2023Absolutely.
Reviewing all of the historical data and the rather modest mining todate, there is a much larger resource here than the current 3 million ounces.

Its also very cheap to do the required infill and extensional drilling that would bring expanded resources into the economic category and a LOM longer than 20 years with a NPV10 well in excess of $1 billion US.
Which brings me to the rationale of this HKEX listing and its complicated and delayed outcomes comparing to investing much more modest sums into SJ and achieve instant and escalating outcomes .
How will they get the needed votes ..
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