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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 DetVicMackeyon Jul 10, 2023 1:42pm
76 Views
Post# 35533892

RE:2023 Production forecast

RE:2023 Production forecast@nozzpack I too was surprised to learn earlier that the so-called mine waste with low grade ore was actually economical. This explains why processed grades are lower than what is outlined in the technical report. SRK is being conservative by excluding the low grade tonnage but it is remarkable how MJS can get AISC <$900/oz and recoveries around 95% with as much blended waste ore as it has. Basically this further extends the mine life at Songjiagou. I don't know of any other open pit with an ore body this profitable at lower cutoff grades.
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