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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 22, 2023 8:46am
191 Views
Post# 35297899

Grades below the current open pit

Grades below the current open pit

The corporate presentation of the grades of gold exposed as one goes from the highest bench to the lower bench of 33 m shows quite a few high grade ore zones below the current pit floor p, as it will be expanded laterally once these new benches are mined and expand walls are pushed back.

Included in these high grade  deeper zones is the 5.6 million tons of Inferred Resource averaging 2.6 gms per ton , containing 460,000 ounces.

We know that there are at least 14 mineralized vein  structures on trend with the main SJ pit.

The average grade of these is 2. 4 gms per ton , near identical given the limited drilling todate , to the 2,6 grams just below the current pit floor of the SJ pit.
So, the planned drilling in 2023 down to 550 meters is going to be very interesting because it will be appraisal / development drilling rather than exploration drilling.

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