Majestic Gold Corp. Reports 2020 Annual Results
VANCOUVER, BC / ACCESSWIRE / April 6, 2021 / Majestic Gold Corp. ( Majestic or the Company ) (TSXV:MJS)(FSE:MJT) announces its financial and operational results for the year ended December 31, 2020. The following financial results are expressed in US dollars unless otherwise stated.
This release should be read in conjunction with the Company s audited consolidated financial statements for the years ended December 31, 2020 and 2019 and associated Management Discussion and Analysis ( MD&A ) which are available on SEDAR www.sedar.com and on the Company s website www.majesticgold.com.
PERFORMANCE HIGHLIGHTS
Three months ended December 31, 2020
Gold revenue increased by 88% to $15 million from $7.9 million for the same period in FY2019.
Majestic Gold Corp : Songjiagou North Underground Mining License Renewed and Update on Cautionary Safety Inspections
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Majestic Gold Corp.: Majestic Provides Update on Drill Program at Fair Adelaide Project
VANCOUVER, BC / ACCESSWIRE / March 17, 2021 / Majestic Gold Corp. ( Majestic or the Company ) (TSXV:MJS)(FSE:A0BK1D) is pleased to report on results from its recently completed drill program at the Fair Adelaide Project, located approximately 60 kilometres northwest of Kalgoorlie in the Ora Banda region of Western Australia. The drill program consisted of a total of 21 holes drilled with 1,144 meters of aircore drilling, testing two gold targets and one nickel-cobalt target identified in previous exploration programs on the property.
At the Fair Adelaide East and Queen Adelaide prospects, eighteen holes were tested for near surface gold mineralization near the western boundary of the property. Greenstone rocks that host gold mineralization at these prospects play host regionally to the Siberia, Mt. Pleasant and Paddington gold deposits.
Press release content from Accesswire. The AP news staff was not involved in its creation.
Majestic Provides Update on Drill Program at Fair Adelaide Project
February 2, 2021 GMT
VANCOUVER, BC / ACCESSWIRE / February 1, 2021 / Majestic Gold Corp. (“Majestic” or the “Company”) (TSXV:MJS)(FSE:A0BK1D) is pleased to report that it has completed its initial drill program at the Fair Adelaide Project, located in Western Australia. The goal of this initial program at Fair Adelaide was to confirm and expand on mineralisation in holes drilled by previous operators.
The drill program consisted of a total of 21 holes drilled with 1,144 metres of aircore of drilling being completed in testing two discrete targets. 18 holes tested gold mineralisation at the Fair Adelaide East prospect near the western boundary of the property and 3 holes tested nickel targets at Puzzle Bear prospect in the center of the property. The Company awaits assay results from Intertek’s Kalgoorlie laboratory
Majestic Gold Corp.: Cautionary Safety Inspection at Songjiagou Mine January 27, 2021
/ Majestic Gold Corp. ( Majestic or the Company ) (TSXV:MJS)(FSE:A0BK1D) reports that the mining operations have been curtailed at Majestic s Songjiagou open pit and underground mines pending a cautionary safety review by the Shandong Provincial and Yantai City governments. The Company expects the review to be completed by the end of February and confirms that its safety permits for both its underground and open pit mines are valid until September 1, 2022 and March 1, 2023 respectively.
Following the recent fatal accident at the Hushan Gold Mine, located 78 kilometers from Majestic s Songjiagou operation, the provincial and city governments have requested that all mining in the Shandong province be curtailed pending cautionary safety reviews. The Hushan Gold Mine operated by Shandong Wu Cai Long Investment Co. Ltd, was under development when the accident occurred. The Company wishes to extend
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