Majestic Gold Corp. V.MJS

Alternate Symbol(s): MJGCF

Metals & Mining Gold

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.

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Majestic Gold Corp. > Did We Have a Blow out Q 3 ?

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Post by nozzpackon Nov 22, 2023 7:12pm

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Post# 35749370

Did We Have a Blow out Q 3 ?

During the Track Record Period, our sales volume of gold bullion of Au99.95 amounted to approximately 987.4 kg (or 31,745.6 ounces), 645.5 kg (or 20,753.3 ounces), 1,084.9 kg (34,880.3 ounces) and 468.1 kg (15,049.8 ounces),

34880 ounces were sold for the entire year of 2022.

About 15100 ounces were sold in the first 6 months of 2023 which means that about 16,500 ounces were sold in Q3 ( 31745 less 15100 ounces ) .

The latter number ( 16500 ounces in Q3 ) would be correct if we hit the new high grade ore averaging 1,17 grams per ton in Q3.

Now, that would be some surprise !

Anyone else read that paragraph the way that I did ?

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