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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 14, 2023 5:19am
66 Views
Post# 35284528

RE:First Two Mining Benches Completed

RE:First Two Mining Benches CompletedSo, the first two mining benches represent Pushback #1 which appears to have been completed.

These are at the crest of the current open pit where the pit wall is thinner, hence the much faster time to complete.

As they go deeper down the slope ( 45 deg ) of the current pit wall, the wall  becomes thicker, hence the full year for each of pushback #2 ( 2023 ) and pushback #3 ( 2024 ).

So, we are on schedule with that planned activity.


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