Majestic Gold Corp (TSXV:MUS)

Mining

Majestic Gold Corp. is a junior mineral mining company with a primary focus on the exploration, development and production operations of mineral assets in China, the United States, Canada and Australia. Majestic Gold Corp. is a publicly listed company on the TSX Venture Exchange, with its common shares trading under the ticker symbol MJS. In addition to the TSXV, the Surrey, British Columbia-based natural resource mining company is listed and trades its common shares on the Frankfurt Stock Exchange (FSE) under the stock symbol MJT.

Gold Majestic Corp. owns a 75 percent interest stake in the Songjiagou Gold Mine, a joint venture project with Muping Gold Mine. The project is situated in Shandong Province along the Jiaodong Peninsula in China.

The Songjiagou Gold Project consists of 13 mineral claims with 200 tons per day (tpd) of mine and mill operations. The Property includes an open-pit mine, an underground mine and two facilities with the capability to process 1,200 tons per day and 6,000 tons per day.

The Fair Adelaide East Project is an early exploration project situated some 60 kilometers northwest of Kalgoorlie along the Norseman-Wiluna greenstone belt, Western Australia. The project consists of eight tenements covering a total land area of 1,300 hectares.

On March 17, 2021, Gold Majestic Corp. mentioned in a press release that it completed a drill program at the Fair Adelaide East Project site, which included:

• 21 holes with air-core drilling of 1,144 meters

• Test work related to two gold targets

• Test work related to one nickel-cobalt target

Gold Majestic Corp. holds an option to acquire a majority stake, i.e., a 51 per cent stake, in the project according to an option agreement signed with Plutus Resources, an Australia-based private company.

In a press release dated July 2, 2021, Majestic Gold Corp. signed a letter of intent with Western Explorers PTY Ltd., an Australia based private company. According to the LOI, Majestic would acquire a 65 per cent stake in four prospective lithium tenements -- E36/918, E37/1334, Kumarl, and Moorine tenements -- in Western Australia.

Contact Information

company address 306 - 1688 152nd Street Surrey , BC Canada , V4A 4N2

company phone604 560-9060

company email[email protected]

company websitehttps://www.majesticgold.com/

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