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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.


TSXV:MJS - Post by User

Majestic Gold Corp.
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Post by auburn2on Sep 22, 2024 1:46pm
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Post# 36235458

Sukari, world class open pit gold mine

Sukari, world class open pit gold mine2023 stats:
Feed grade: 1.27 g/t.
Gold recovery: 88.7%.
Gold production 450,058.
AISC: US$1,220/oz.

Location: Egypt.

"Sukari is a low cost, bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160km2 tenement."

The underground portion is not skewing those results much at all since very little was processed from there relative to the open pit ore mined.

https://www.centamin.com/assets/sukari-gold-mine/

SJG 2023 stats:
Average grade: 0.47 g/t.
Gold recovery 94%.
Production: 24,939 oz.
AISC: US$947/oz.

Location: China.
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Dealroom for high-potential pre-IPO opportunities