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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 23, 2023 6:03am
180 Views
Post# 35300036

11 % Mining Dilution

11 % Mining DilutionThis is an incredibly low level of mining dilution .
Waste rock is always part of mining.
Thats the mining dilution .
So, for open pit its drill, blast and truck the demolition products to the mill where they have buyers for the waste rock as fill.
So, no waste rock pile is needed.
They also can recover grades as low as 0.12 gms per ton.

Almost nothing of the mining process is wasted.
Hence very low cash costs..
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