Thursday, August 18, 2011
In The Field: Majestic Gold's New China Mill
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August 17th, 2011: EKM visits Majestic Gold's (MJS.V) new mill and gold mine near Yantai, China. Featuring interviews from the President of Majestic, Rod Husband, as well as director Rudy Brauer, this video takes you on the ground to see the operations first hand.
Majestic Gold Corp. is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and development company with a very advanced gold deposit in Shandong province of China. On April 23, 2010, the company released an updated NI 43-101- compliant, indicated and inferred gold resource estimate on its Song Jiagou property. At present, Majestic Gold Corp. is aggressively pursuing a pre-feasibility study. A recently announced agreement will increase Majestic's effective ownership from 54 to 94 % and has allowed the property to commence production at an initial rate of 1,400 tpd. With a contract that fixes operating costs and allows use of land and equipment, Majestic anticipates to have a positive cash flow, within a matter of months.
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