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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Majestic Gold Corp | TSXV:MJS | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.005 | 7.69% | 0.07 | 0.065 | 0.07 | 0.07 | 0.07 | 0.07 | 4,999 | 16:07:03 |
Hot Features
Premium
Majestic Gold Corp. (TSX VENTURE:MJS) ("Majestic" or "the Company") is pleased
to announce results from the 3,329 metres of trenching at its Song Jiagou
operation located in Shandong Province, China. Highlights from the program
include:
---------------------------------------------------------------------------
Trench Drill
Number From (m) To (m) Width Au g/t
---------------------------------------------------------------------------
CK4-2 - 24.00 24.00 1.10
---------------------------------------------------------------------------
Includes 7.00 24.00 17.00 1.48
---------------------------------------------------------------------------
Including 19.00 21.00 2.00 10.48
---------------------------------------------------------------------------
CK16-1 16.00 25.00 9.00 2.35
---------------------------------------------------------------------------
Includes 24.00 25.00 1.00 17.00
---------------------------------------------------------------------------
69.00 142.90 73.90 1.63
---------------------------------------------------------------------------
Includes 72.00 73.00 1.00 1.76
---------------------------------------------------------------------------
Includes 86.50 142.90 56.40 2.05
---------------------------------------------------------------------------
Including 94.50 95.50 1.00 1.68
---------------------------------------------------------------------------
Including 101.50 103.50 2.00 2.99
---------------------------------------------------------------------------
Including 107.90 113.90 6.00 4.92
---------------------------------------------------------------------------
Including 118.90 131.90 13.00 4.74
---------------------------------------------------------------------------
Including 139.90 140.90 1.00 2.13
---------------------------------------------------------------------------
CK24-1 27.00 82.00 55.00 0.87
---------------------------------------------------------------------------
Includes 41.00 82.00 41.00 1.11
---------------------------------------------------------------------------
Including 41.00 42.00 1.00 2.78
---------------------------------------------------------------------------
Including 65.00 66.00 1.00 1.65
---------------------------------------------------------------------------
Including 81.00 82.00 1.00 35.80
---------------------------------------------------------------------------
"We are extremely encouraged by these results as they indicate the occurrence of
significant gold mineralization at the surface of the deposit and proximal to
the historic excavations," stated Rod Husband, President of Majestic Gold Corp.
"This data provides further evidence of the continuity of the mineralization and
the potential for bulk mining."
During the fourth quarter of 2007 Majestic also conducted a shallow drill
program consisting of 12 holes to evaluate down-dip of the surface
mineralization identified proximal to the historic excavations. Initial results
from the follow-up drill program are expected shortly.
Trenching was conducted within, and proximal to, three (3) historic shallow
surface excavations at Song Jiagou. Trench lines were spaced at approximately 30
metres along a deposit strike distance of 450 metres (+). The trenching
evaluated between 100m-300m of linear distance across the deposit. Sampling was
conducted on contiguous 1m intervals for the mineralized host rock. Sample
analysis was conducted by (ISO certified) SGS Laboratories.
This news release was reviewed by Qualified Persons as defined by National
Instrument 43-101, including Rod Husband, P.Geo., who has prepared the technical
information contained herein.
On Behalf of the Board of Directors
Rod Husband, P.Geo., Director
This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.
Appendix A - Trench Results at Song Jiagou
(CK equals trenching within current pits, TC equals trenching surrounding
current pits)
---------------------------------------------------------------------------
Trench Drill
Number From (m) To (m) Width Au g/t
---------------------------------------------------------------------------
CK0-1 3.00 89.90 86.90 0.37
---------------------------------------------------------------------------
Includes 54.90 89.90 35.00 0.68
---------------------------------------------------------------------------
Including 87.90 89.90 2.00 6.88
---------------------------------------------------------------------------
105.90 123.20 17.30 0.32
---------------------------------------------------------------------------
Includes 117.20 118.20 1.00 2.04
---------------------------------------------------------------------------
CK3-1 no intervals
---------------------------------------------------------------------------
CK4-1 - 111.90 111.90 0.46
---------------------------------------------------------------------------
Includes - 56.90 56.90 0.61
---------------------------------------------------------------------------
Including - 1.00 1.00 2.77
---------------------------------------------------------------------------
Including 4.00 5.00 1.00 1.54
---------------------------------------------------------------------------
Including 8.00 9.00 1.00 1.59
---------------------------------------------------------------------------
Including 11.00 12.00 1.00 2.33
---------------------------------------------------------------------------
Including 20.00 21.00 1.00 1.54
---------------------------------------------------------------------------
Including 23.00 24.00 1.00 1.71
---------------------------------------------------------------------------
Includes 82.90 95.90 13.00 0.59
---------------------------------------------------------------------------
Including 89.90 90.90 1.00 2.75
---------------------------------------------------------------------------
CK4-2 - 24.00 24.00 1.10
---------------------------------------------------------------------------
Includes 7.00 24.00 17.00 1.48
---------------------------------------------------------------------------
Including 19.00 21.00 2.00 10.48
---------------------------------------------------------------------------
CK7-1 - 38.00 38.00 0.35
---------------------------------------------------------------------------
Includes - 21.00 21.00 0.51
---------------------------------------------------------------------------
Including 12.00 14.00 2.00 1.67
---------------------------------------------------------------------------
CK8-1 8.00 132.80 124.80 0.68
---------------------------------------------------------------------------
Includes 42.00 132.80 90.80 0.86
---------------------------------------------------------------------------
Including 56.40 57.40 1.00 1.71
---------------------------------------------------------------------------
Including 71.40 75.40 4.00 2.16
---------------------------------------------------------------------------
Including 83.40 85.40 2.00 2.94
---------------------------------------------------------------------------
Including 94.10 97.10 3.00 2.03
---------------------------------------------------------------------------
Including 110.80 128.80 18.00 1.67
---------------------------------------------------------------------------
CK12-1 63.80 79.20 15.40 0.35
---------------------------------------------------------------------------
91.20 100.20 9.00 1.47
---------------------------------------------------------------------------
Includes 92.20 100.20 8.00 1.61
---------------------------------------------------------------------------
Including 98.20 100.20 2.00 5.05
---------------------------------------------------------------------------
CK16-1 16.00 25.00 9.00 2.35
---------------------------------------------------------------------------
Includes 24.00 25.00 1.00 17.00
---------------------------------------------------------------------------
69.00 142.90 73.90 1.63
---------------------------------------------------------------------------
Includes 72.00 73.00 1.00 1.76
---------------------------------------------------------------------------
Includes 86.50 142.90 56.40 2.05
---------------------------------------------------------------------------
Including 94.50 95.50 1.00 1.68
---------------------------------------------------------------------------
Including 101.50 103.50 2.00 2.99
---------------------------------------------------------------------------
Including 107.90 113.90 6.00 4.92
---------------------------------------------------------------------------
Including 118.90 131.90 13.00 4.74
---------------------------------------------------------------------------
Including 139.90 140.90 1.00 2.13
---------------------------------------------------------------------------
CK24-1 27.00 82.00 55.00 0.87
---------------------------------------------------------------------------
Includes 41.00 82.00 41.00 1.11
---------------------------------------------------------------------------
Including 41.00 42.00 1.00 2.78
---------------------------------------------------------------------------
Including 65.00 66.00 1.00 1.65
---------------------------------------------------------------------------
Including 81.00 82.00 1.00 35.80
---------------------------------------------------------------------------
CK28-0 - 58.00 58.00 0.36
---------------------------------------------------------------------------
Includes 7.00 25.00 18.00 0.91
---------------------------------------------------------------------------
Including 17.00 18.00 1.00 9.33
---------------------------------------------------------------------------
CK28-1 1.00 41.00 40.00 0.98
---------------------------------------------------------------------------
Includes 2.00 12.00 10.00 0.72
---------------------------------------------------------------------------
Including 4.00 5.00 1.00 1.57
---------------------------------------------------------------------------
Including 7.00 8.00 1.00 2.65
---------------------------------------------------------------------------
Includes 29.00 41.00 12.00 2.51
---------------------------------------------------------------------------
Including 30.00 31.00 1.00 1.71
---------------------------------------------------------------------------
Including 39.00 40.00 1.00 23.60
---------------------------------------------------------------------------
CK32-1 7.00 126.00 119.00 0.49
---------------------------------------------------------------------------
Includes 43.00 46.00 3.00 1.74
---------------------------------------------------------------------------
Includes 84.00 126.00 42.00 0.82
---------------------------------------------------------------------------
Including 92.00 94.00 2.00 2.32
---------------------------------------------------------------------------
Including 109.00 115.00 6.00 1.79
---------------------------------------------------------------------------
Including 119.00 125.00 6.00 1.83
---------------------------------------------------------------------------
CK36-1 1.00 109.20 108.20 0.48
---------------------------------------------------------------------------
Includes 23.00 24.00 1.00 1.58
---------------------------------------------------------------------------
Includes 58.70 107.20 48.50 0.81
---------------------------------------------------------------------------
Including 70.70 71.70 1.00 2.81
---------------------------------------------------------------------------
Including 81.20 82.20 1.00 2.66
---------------------------------------------------------------------------
Including 87.20 101.20 14.00 1.79
---------------------------------------------------------------------------
CK40-1 - 112.00 112.00 0.36
---------------------------------------------------------------------------
Includes - 39.00 39.00 0.51
---------------------------------------------------------------------------
Including 10.00 11.00 1.00 2.06
---------------------------------------------------------------------------
Including 13.00 15.00 2.00 1.61
---------------------------------------------------------------------------
Including 23.00 24.00 1.00 2.67
---------------------------------------------------------------------------
Includes 61.00 62.00 1.00 5.66
---------------------------------------------------------------------------
TC0-1 1.00 15.00 14.00 0.28
---------------------------------------------------------------------------
23.00 37.00 14.00 0.28
---------------------------------------------------------------------------
TC0-2(A) no intervals
---------------------------------------------------------------------------
TC0-2(B) no intervals
---------------------------------------------------------------------------
TC0-3 3.00 16.00 13.00 0.47
---------------------------------------------------------------------------
Includes 3.00 12.00 9.00 0.59
---------------------------------------------------------------------------
Including 11.00 12.00 1.00 2.39
---------------------------------------------------------------------------
57.00 82.00 25.00 0.43
---------------------------------------------------------------------------
Includes 58.00 69.00 11.00 0.76
---------------------------------------------------------------------------
Including 58.00 59.00 1.00 4.26
---------------------------------------------------------------------------
Including 67.00 68.00 1.00 1.70
---------------------------------------------------------------------------
TC3-1 13.00 41.00 28.00 0.56
---------------------------------------------------------------------------
Includes 21.00 31.00 10.00 1.17
---------------------------------------------------------------------------
Including 21.00 25.00 4.00 2.53
---------------------------------------------------------------------------
TC3-2(A) 55.40 62.40 7.00 0.45
---------------------------------------------------------------------------
TC3-2(B) no intervals
---------------------------------------------------------------------------
TC4-1 5.00 23.00 18.00 1.91
---------------------------------------------------------------------------
Includes 6.00 19.00 13.00 2.57
---------------------------------------------------------------------------
Including 6.00 18.00 12.00 2.71
---------------------------------------------------------------------------
TC4-2 - 18.00 18.00 0.33
---------------------------------------------------------------------------
TC4-3 no intervals
---------------------------------------------------------------------------
TC7-1 no intervals
---------------------------------------------------------------------------
TC7-2(A) 20.00 21.00 1.00 1.77
---------------------------------------------------------------------------
TC7-2(B) 162.30 163.30 1.00 1.80
---------------------------------------------------------------------------
TC8-1 1.00 25.00 24.00 0.39
---------------------------------------------------------------------------
Includes 5.00 21.00 16.00 0.51
---------------------------------------------------------------------------
42.00 59.00 17.00 0.48
---------------------------------------------------------------------------
Includes 45.00 59.00 14.00 0.52
---------------------------------------------------------------------------
75.00 119.00 44.00 0.35
---------------------------------------------------------------------------
Includes 75.00 91.00 16.00 0.53
---------------------------------------------------------------------------
Including 90.00 91.00 1.00 4.81
---------------------------------------------------------------------------
Includes 117.00 119.00 2.00 1.57
---------------------------------------------------------------------------
TC8-2 no intervals
---------------------------------------------------------------------------
TC8-3 6.00 44.20 38.20 0.40
---------------------------------------------------------------------------
Includes 12.00 36.70 24.70 0.51
---------------------------------------------------------------------------
Including 12.00 14.00 2.00 3.96
---------------------------------------------------------------------------
TC11-1(A) - 44.00 44.00 0.31
---------------------------------------------------------------------------
TC11-1(A) Includes 14.00 25.00 11.00 0.53
---------------------------------------------------------------------------
TC11-1(B) 182.00 203.00 21.00 0.33
---------------------------------------------------------------------------
TC12-1 94.00 99.00 5.00 2.04
---------------------------------------------------------------------------
Includes 98.00 99.00 1.00 9.34
---------------------------------------------------------------------------
TC12-2 4.00 22.00 18.00 0.33
---------------------------------------------------------------------------
TC15-1 91.00 101.00 10.00 0.58
---------------------------------------------------------------------------
Includes 100.00 101.00 1.00 3.83
---------------------------------------------------------------------------
TC16-1 3.00 41.10 38.10 0.30
---------------------------------------------------------------------------
Includes 20.10 23.10 3.00 1.44
---------------------------------------------------------------------------
146.10 147.10 1.00 3.63
---------------------------------------------------------------------------
TC16-2 7.00 13.70 6.70 1.16
---------------------------------------------------------------------------
Includes 11.00 13.00 2.00 2.96
---------------------------------------------------------------------------
Including 12.00 13.00 1.00 5.22
---------------------------------------------------------------------------
TC19-1 no intervals
---------------------------------------------------------------------------
TC20-1 no intervals
---------------------------------------------------------------------------
TC20-2 3.00 8.00 5.00 0.55
---------------------------------------------------------------------------
24.00 57.00 33.00 0.38
---------------------------------------------------------------------------
Includes 39.00 52.00 13.00 0.51
---------------------------------------------------------------------------
Including 45.00 46.00 1.00 2.21
---------------------------------------------------------------------------
TC24-1 no intervals
---------------------------------------------------------------------------
TC24-2 67.00 104.50 37.50 0.28
---------------------------------------------------------------------------
Includes 70.00 71.00 1.00 1.97
---------------------------------------------------------------------------
TC28-1 no intervals
---------------------------------------------------------------------------
TC32-1 15.00 25.00 10.00 0.28
---------------------------------------------------------------------------
TC32-2 1.00 11.50 10.50 0.33
---------------------------------------------------------------------------
TC36-1 no intervals
---------------------------------------------------------------------------
TC36-2 0.00 10.30 10.30 0.32
---------------------------------------------------------------------------
TC40-1 4.00 18.00 14.00 0.39
---------------------------------------------------------------------------
TC40-2 3.50 13.50 10.00 0.30
---------------------------------------------------------------------------
TC44-1 no intervals
---------------------------------------------------------------------------
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