Majestics Gold Corp. Aufwärtstrend?
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Bitte kommt nicht wieder..... klein kann er sein aber krach machen muß der..
Ray
Majestic Gold increases resources at Song Jiagou
2010-04-23 09:16 ET- News Release
Mr. Rod Husband reports
MAJESTIC GOLD GREATLY INCREASES RESOURCESAT ITS SONJIAGOU PROJECT
Majestic Gold Corp. has released the the results of an updated resourceestimate on its Song Jiagouproject.
REVISED RESOURCEMethod Category Tonnes* Grade Au Contained Au
(g/t)** (ounces)
Kriging Indicated 1,002,694 24,929,869 1.251
Kriging Inferred 1,703,174 28,133,107 1.883
Inverse distance 2 Indicated 973,919 23,665,831 1.280
Inverse distance 2 Inferred 1,477,970 26,089,673 1.762
Nearest neighbour Indicated 1,053,804 21,408,861 1.531
Nearest neighbour Inferred 1,889,879 24,190,043 2.430
*Calculations conducted using a cut-off of 0.4 gram per tonne
**Gold grades were capped at 40 g/t
Gold resources were estimated using Gemcom 6.2 software and gold gradeswere interpolated intothe block model by three methods: ordinary kriging, inverse distancesquared (ID2) and nearestneighbour (NN). In all three methods, per cent models (per cent of ablock within the geologicalsolid) were used. ID2 and NN were used as checks on the credibility ofordinary kriging.
In 2006, Wardrop Engineering Inc. prepared a National Instrument43-101-compliant, resource estimate of the Song Jiagou deposit. On thebasis of additional data collectedduring 2006, Wardrop prepared an updated estimate in late 2007. Thecurrent report updates the2007 Song Jiagou estimate and takes into account assay results fromsurface core drilling andtrenching that were carried out since 2007, as well as depletion fromsurface mining since the time ofthe last estimate. Depletion attributable to underground mining duringthe same interval has beennegligible.
Greg Mosher has made an inspection of the cores at site as part of thedue diligence for theupdated resource calculation and NI 43-101 report.
The revised estimate represents in excess of 138-per-cent increase inthe tonnage and a 112-per-cent increase incontained gold in the indicated category and a 15-per-cent increase intonnage in the inferred category but a228-per-cent increase in contained ounces.
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...+14% heute. Was war denn los?
Bin mal gespannt ob die versprochenen News für Ende Mai dieser Tage noch kommen. Na mal abwarten...
Majestic Gold Corp. (TSX VENTURE: MJS | PowerRating) ("Majestic") is pleased to announce its financial
and operating results for the second quarter ended March 31, 2010.
Majestic generated gold revenue of $1,730,392 derived from the sale of 1,531.8oz Au, and incurred a total operating cost of $1,467,325 and no additional exploration cost. Majestic reported a net loss of $502,128, and the operating loss for the period was negligible, at $24,480. The main adjustments leading to the second quarter net loss were: non-controlling interest expense of $111,274, loss on foreign exchange of $131,045, and interest and financing cost of $170,036.
On a consolidated basis, Majestic's financial position has significantly improved when compared to the same period in 2009. As a result of the sale of its Sawayaerdun Project, Majestic reported working capital of $3,037,399 for its second quarter, compared to a working capital deficit of $4,882,075 for the corresponding period in 2009. As soon as practical, management intends to use the funds due from the sale of the Sawayaerdun project to repay its outstanding loan and to further develop the Song Jiagou Mine.
Subsequent to recommencing mining operations at Dahedong Smelter mills at their designed capacity of 1,400 tpd, Majestic signed an agreement to acquire the remaining 40% of Yantsai Zhongia Mining Enterprise ("JVCo"). Majestic is currently fast tracking operation at the Song Jiagou Mine through expansion of milling capacity, improving infrastructure, and developing pit models, mine plans and pre-feasibility studies based on its recently announced revised resource estimate, which will be used to initially expand production to 5,000 tpd.
Rod Husband, P.Geo, and President, stated, "We are extremely pleased with the results of the second quarter and we look forward to becoming a positive cash flow company in the near future. Our immediate focus is on improving efficiency at the mine, repaying our outstanding loan (which will significantly reduce our expenses), and closing of the acquisition of the outstanding 40% interest at Song Jiagou."
On Behalf of the Board of Directors
MAJESTIC GOLD CORP.
Rod Husband, P.Geo, President
Wollte ich auch gerade posten. ^^ Bin gespannt, was der Kurs dazu sagt bzw. ob die Kurserhöhung der letzten Tage die News schon berücksichtigt hat (Insider oä).
Auf jeden handelt es sich meines Erachtens um sehr gute Neuigkeiten und Majestic Gold Corp. ist wohl def. auf einem sehr guten Weg.
Wie seht Ihr das?
0,055 dabei.
MfG
MfG
auf News wie enorm steigende Verhüttung und Aufnahme der Produktion ohne Probleme...warten wir mal ab.
Da kommt was...? (Gutes)
Ray