SHANDONG PROJECT
Location:
China, Shandong
|
Property NewsJanuary 20, 2011 Majestic Gold Corp. announced that it has received Preliminary Assessment for the Songjiagou Gold Project located in Shangdong Province, People's Republic of China. Highlight includes; Net Present Value of US$525 million using 10% discount rate, Internal Rate of Return of 78.6%, Payback in 1.4 years. September 4, 2008 Announced results from the 3,329 metres of trenching. Trench CK4-2 intersected 1.1 g/t Au from 0m. October 18, 2007 Majestic Gold announced it has received final results from the revised NI 43-101 resource estimate on its Song Jiagou project, located in the Shandong Province of eastern China. The revised estimate increased the project's
resource by 285% to 1,174,460 ounces of gold from 413,900 ounces. Included in the revised resource estimate are indicated 8,007,999 t at 1.668 g/t Au (429,497 oz) and inferred 18,142,799 t at 1.277 g/t (744,963 oz), using a 0.5 g/t cut-off. A pre-feasibility study is planned for the project in mid-2008. |
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