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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 auburn2on Aug 12, 2024 5:00pm
387 Views
Post# 36175313

Received this reply from another investor

Received this reply from another investor"China has lots of corruption and you'd never know what was really going on... have been lots of money lost putting money into China, or Russia before that. They dont care about western investors, if they can steal the money then great. You'd never know what has to be paid to get a permit.... I just have no faith left. I had bought Minco Gold, Silver etc a lot years ago and made money, but that was before China really became hostile to Canada and the west. Buyer beware."
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