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July 5, 2006
TRADING SYMBOL - TSX.V : MJS www.majesticgold.net
HIGH-GRADE MINERALIZATION ENCOUNTERED AT SONG JIAGUO
Majestic Gold Corp. (“Majestic”) is pleased to announce initial results from its 2006 exploration program at the Song Jiaguo prospect, Shandong Province, China, including confirmation of high grade gold mineralized zones on Levels 1 and 2 of the underground mine and widespread gold in surface soil anomalies.
Majestic has recently collected rock chip samples from Levels 1 and 2 of the underground workings at Song Jiaguo after ongoing compilation and interpretation of historical data collected by Majestic’s joint venture partner, Shandong Yantai Muping Gold Mine (“Muping Mining”), showed numerous samples from Levels 1 and 2, assaying in excess of 10.0 grams per tonne gold.
Assays from the Level 2 samples have been received and highlights include:
§ 441.9 grams per tonne Au over 0.5 metres
§ 193.3 grams per tonne Au over 2.0 metres
§ 11.5 grams per tonne Au over 3.0 metres
The underground sampling by Majestic and Muping Mining in drift 1 indicate that this zone is over 10 metres wide and is exposed in the underground workings for over 50 metres along strike. The nearest drill hole is over 80 metres away and intersected 1.4 metres of 34.0 grams per tonne gold that appears to be an extension of this same zone.
Sampling by Majestic and Muping Mining in drift 2 on Level 2, located approximately 40 metres northwest of drift 1, indicate a second sub-parallel high-grade structure (see Map 1 or visit www.majesticgold.net). Muping Mining’s historical samples ranged up to 140.2 grams per tonne gold, with several samples over 10.0 grams per tonne gold. Limited sampling by Majestic returned two values of note:
§ 2.5 grams per tonne gold over 2.0 metres
§ 1.2 grams per tonne gold over 1.0 metres
Majestic is planning to test these zones further with both surface drill holes and additional underground sampling.
These samples were collected as part of an ongoing effort to define controls on higher-grade mineralization on the property. An independent resource estimate released on April 25, 2006 cut high grade values (up to 263 grams per tonne gold) to a maximum of 8 grams per tonne gold. Majestic believes that much of this high grade gold mineralization is associated with specific structures that, once sufficient data has been collected, can be modeled separately with a higher cut value and as a result could upgrade the overall resource.
Majestic’s work is beginning to show that key structures commonly have a strike of orientation of N50E to N60E with dips commonly of 25 to 70 degrees to the southeast. This orientation is significantly oblique to the Chinese model and to the underground workings such that the current workings only intersect a small portion of the high grade zones. These zones are characterized by very-fine grained (sooty) pyrites on faults, in gouge, and on fractures.
One example of this control is in the western open pit where a N60E structure can be traced continuously through the pit (over 80 metres along strike) and carries gold values ranging from 2.2 to 12.2 grams per tonne gold. Several similar faults have been mapped in the other small open pits and in the northeast portions of the drifts on Levels 1 and 2 of the underground mine. While not all of these structures are necessarily strongly mineralized with gold, they appear to be the dominant control on the gold mineralization. Although gold mineralization is often associated with coarse brown pyrite in the conglomerate matrix, this appears randomly throughout the mineralized zone at Song Jiaguo (600 metres long by 400 metres wide and over 300 metres deep) and has undefined controls at present.
In addition to the initial underground rock samples, assay results for 441 surface soil samples have been received and indicate that the system at Song Jiaguo is significantly larger than previously known (see Map 2 or visit www.majesticgold.net). Two soil anomalies bracket the known mineralization to the southwest and the northeast and indicate that it may extend for another 400 metres at the surface. There are also two anomalies on apparently different zones, one centered approximately 700 metres east of the known mineralization and one 400 metres to the north, that support this theory.
“These results are very exciting for Majestic,” said John Zimmerman, exploration manager. “The Level 2 high-grade samples show that this property is capable of carrying substantial grades over significant widths. In addition, they will provide a solid basis for modeling the higher grade structures while the soils indicate that the gold system at Song Jiaguo could be a considerably larger than originally modeled. We will continue working hard over the coming months to further define both of the concepts.”
Table 1 Song Jiaguo underground samples
Sample ID Width (m) COMMENTS * Alteration Au gram/tonne Au
opt
SJUL2-1 1.0 fault 10cm Sooty pyrite 0.1
SJUL2-2 1.0 hgwall 1m Fe-ox 0.6 0.02
SJUL2-3 1.0 pyritic flt, 1m, gougy Fe-ox 0.3
SJUL2-4 1.0 on flt z0ne, 1m Fe-ox 0.3
SJUL2-5 2.0 white-gray py zone Fe-ox 193.3 5.64
SJUL2-6 3.0 brown ank? Ankerite 11.5 0.34
SJUL2-7 1.0 20 dip 2cm gg py feox Fe-ox 0.6 0.02
SJUL2-8 0.5 ftwall to 27 dip, hi grade Pyrite other 441.9 12.90
SJUL2-9 1.0 ftwl to 27 dip Sooty pyrite 0.1
SJUL2-10 1.0 on 195az flt, 3cm Sooty pyrite 2.7 0.08
SJUL2-11 1.0 n33 flt Sooty pyrite 0.3
SJUL2-12 1.0 n66az flt 0.5m Sooty pyrite 0.2
SJUL2-13 1.0 near n39flt Pyrite other 0.2
SJUL2-14 1.0 ftwl to n56az flt Pyrite other 0.2
SJUL2-15 1.0 no obv ctrl Fe-ox 7.8 0.23
SJUL2-16 1.0 n56 flt, 10cm Sooty pyrite 0.5 0.02
SJUL2-17 1.0 n46fltaz, 10cm Sooty pyrite 0.6 0.02
SJUL2-18 1.0 betw twin flts Pyrite other 0.1
SJUL2-19 1.0 n67az flt 5cm Sooty pyrite 0.2
SJUL2-20 1.0 in stope area Pyrite other 1.2 0.03
SJUL2-21 2.0 mr su spl of dike Silicification 2.5 0.07
SJUL2-22 1.0 n63az flt in stope Sooty pyrite 0.1
SJUL2-23 1.0 near n42eaz, old spl524 Pyrite other 0.5
SJUL2-24 1.0 n57e flt, gg-py Sooty pyrite 0.5
SJUL2-25 1.0 n42efrx w poss spy vnlts** Sooty pyrite 0.1
* All samples - lithology: K1: Cretaceous conglomerate, except for
** Lithology: Mi: mafic intrusive
Song Jiaguo is one of 13 licenses on the Muping property and covers 4.11 of a total of 75.06 square kilometres that fall under an Agreement with Muping Mining on the Jiadong Peninsula of Shandong Province. Under the terms of this Agreement, Majestic has the right to earn a 60% interest in a joint venture company established to hold the title to the exploration licenses by spending approximately US$4.2 million over four years on exploration. Upon completion of the required exploration expenditures by Majestic, Muping Mining is required to fund their pro-rata share of exploration or have their interest diluted down to 15%.
At Song Jiaguo, Majestic continues to gather data to assist with a scoping study to define the economics of the project. Muping Mining is currently producing 120 tonnes per day from four underground levels and local villagers were previously mining a similar amount from open pits and shallower underground workings. Muping Mining has reported producing gold at a cost of approximately $305 USD per ounce from ore grading approximately 1.7 grams/tonne in their underground mine in 2005. The costs reported include $86.51 per ounce mining costs, $100.84 per ounce processing, $54.06 per ounce in refining, freight and taxes, and $63.75 in depreciation and other costs.
Muping Mining has provided the company with access to the historical financial data. While all of the historical data reviewed are considered complete and the procedures followed appear to be reliable, the company has not completed a full auditing of the financial data provided. The company is reporting them as an estimate of costs only and as a result, they should not be relied upon.
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
Signed “Rod Husband”
Rod Husband, P.Geo.
Director
Contact:
Investor Relations: (604) 681-4653 or 1-866-282-8398
Email: info@majesticgold.net or visit our Website: www.majesticgold.net
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.
Knox Henderson
Investor Relations
Majestic Gold
1-866-282-8398
604-681-4653 ext 122
www.majesticgold.net
TRADING SYMBOL - TSX.V : MJS www.majesticgold.net
HIGH-GRADE MINERALIZATION ENCOUNTERED AT SONG JIAGUO
Majestic Gold Corp. (“Majestic”) is pleased to announce initial results from its 2006 exploration program at the Song Jiaguo prospect, Shandong Province, China, including confirmation of high grade gold mineralized zones on Levels 1 and 2 of the underground mine and widespread gold in surface soil anomalies.
Majestic has recently collected rock chip samples from Levels 1 and 2 of the underground workings at Song Jiaguo after ongoing compilation and interpretation of historical data collected by Majestic’s joint venture partner, Shandong Yantai Muping Gold Mine (“Muping Mining”), showed numerous samples from Levels 1 and 2, assaying in excess of 10.0 grams per tonne gold.
Assays from the Level 2 samples have been received and highlights include:
§ 441.9 grams per tonne Au over 0.5 metres
§ 193.3 grams per tonne Au over 2.0 metres
§ 11.5 grams per tonne Au over 3.0 metres
The underground sampling by Majestic and Muping Mining in drift 1 indicate that this zone is over 10 metres wide and is exposed in the underground workings for over 50 metres along strike. The nearest drill hole is over 80 metres away and intersected 1.4 metres of 34.0 grams per tonne gold that appears to be an extension of this same zone.
Sampling by Majestic and Muping Mining in drift 2 on Level 2, located approximately 40 metres northwest of drift 1, indicate a second sub-parallel high-grade structure (see Map 1 or visit www.majesticgold.net). Muping Mining’s historical samples ranged up to 140.2 grams per tonne gold, with several samples over 10.0 grams per tonne gold. Limited sampling by Majestic returned two values of note:
§ 2.5 grams per tonne gold over 2.0 metres
§ 1.2 grams per tonne gold over 1.0 metres
Majestic is planning to test these zones further with both surface drill holes and additional underground sampling.
These samples were collected as part of an ongoing effort to define controls on higher-grade mineralization on the property. An independent resource estimate released on April 25, 2006 cut high grade values (up to 263 grams per tonne gold) to a maximum of 8 grams per tonne gold. Majestic believes that much of this high grade gold mineralization is associated with specific structures that, once sufficient data has been collected, can be modeled separately with a higher cut value and as a result could upgrade the overall resource.
Majestic’s work is beginning to show that key structures commonly have a strike of orientation of N50E to N60E with dips commonly of 25 to 70 degrees to the southeast. This orientation is significantly oblique to the Chinese model and to the underground workings such that the current workings only intersect a small portion of the high grade zones. These zones are characterized by very-fine grained (sooty) pyrites on faults, in gouge, and on fractures.
One example of this control is in the western open pit where a N60E structure can be traced continuously through the pit (over 80 metres along strike) and carries gold values ranging from 2.2 to 12.2 grams per tonne gold. Several similar faults have been mapped in the other small open pits and in the northeast portions of the drifts on Levels 1 and 2 of the underground mine. While not all of these structures are necessarily strongly mineralized with gold, they appear to be the dominant control on the gold mineralization. Although gold mineralization is often associated with coarse brown pyrite in the conglomerate matrix, this appears randomly throughout the mineralized zone at Song Jiaguo (600 metres long by 400 metres wide and over 300 metres deep) and has undefined controls at present.
In addition to the initial underground rock samples, assay results for 441 surface soil samples have been received and indicate that the system at Song Jiaguo is significantly larger than previously known (see Map 2 or visit www.majesticgold.net). Two soil anomalies bracket the known mineralization to the southwest and the northeast and indicate that it may extend for another 400 metres at the surface. There are also two anomalies on apparently different zones, one centered approximately 700 metres east of the known mineralization and one 400 metres to the north, that support this theory.
“These results are very exciting for Majestic,” said John Zimmerman, exploration manager. “The Level 2 high-grade samples show that this property is capable of carrying substantial grades over significant widths. In addition, they will provide a solid basis for modeling the higher grade structures while the soils indicate that the gold system at Song Jiaguo could be a considerably larger than originally modeled. We will continue working hard over the coming months to further define both of the concepts.”
Table 1 Song Jiaguo underground samples
Sample ID Width (m) COMMENTS * Alteration Au gram/tonne Au
opt
SJUL2-1 1.0 fault 10cm Sooty pyrite 0.1
SJUL2-2 1.0 hgwall 1m Fe-ox 0.6 0.02
SJUL2-3 1.0 pyritic flt, 1m, gougy Fe-ox 0.3
SJUL2-4 1.0 on flt z0ne, 1m Fe-ox 0.3
SJUL2-5 2.0 white-gray py zone Fe-ox 193.3 5.64
SJUL2-6 3.0 brown ank? Ankerite 11.5 0.34
SJUL2-7 1.0 20 dip 2cm gg py feox Fe-ox 0.6 0.02
SJUL2-8 0.5 ftwall to 27 dip, hi grade Pyrite other 441.9 12.90
SJUL2-9 1.0 ftwl to 27 dip Sooty pyrite 0.1
SJUL2-10 1.0 on 195az flt, 3cm Sooty pyrite 2.7 0.08
SJUL2-11 1.0 n33 flt Sooty pyrite 0.3
SJUL2-12 1.0 n66az flt 0.5m Sooty pyrite 0.2
SJUL2-13 1.0 near n39flt Pyrite other 0.2
SJUL2-14 1.0 ftwl to n56az flt Pyrite other 0.2
SJUL2-15 1.0 no obv ctrl Fe-ox 7.8 0.23
SJUL2-16 1.0 n56 flt, 10cm Sooty pyrite 0.5 0.02
SJUL2-17 1.0 n46fltaz, 10cm Sooty pyrite 0.6 0.02
SJUL2-18 1.0 betw twin flts Pyrite other 0.1
SJUL2-19 1.0 n67az flt 5cm Sooty pyrite 0.2
SJUL2-20 1.0 in stope area Pyrite other 1.2 0.03
SJUL2-21 2.0 mr su spl of dike Silicification 2.5 0.07
SJUL2-22 1.0 n63az flt in stope Sooty pyrite 0.1
SJUL2-23 1.0 near n42eaz, old spl524 Pyrite other 0.5
SJUL2-24 1.0 n57e flt, gg-py Sooty pyrite 0.5
SJUL2-25 1.0 n42efrx w poss spy vnlts** Sooty pyrite 0.1
* All samples - lithology: K1: Cretaceous conglomerate, except for
** Lithology: Mi: mafic intrusive
Song Jiaguo is one of 13 licenses on the Muping property and covers 4.11 of a total of 75.06 square kilometres that fall under an Agreement with Muping Mining on the Jiadong Peninsula of Shandong Province. Under the terms of this Agreement, Majestic has the right to earn a 60% interest in a joint venture company established to hold the title to the exploration licenses by spending approximately US$4.2 million over four years on exploration. Upon completion of the required exploration expenditures by Majestic, Muping Mining is required to fund their pro-rata share of exploration or have their interest diluted down to 15%.
At Song Jiaguo, Majestic continues to gather data to assist with a scoping study to define the economics of the project. Muping Mining is currently producing 120 tonnes per day from four underground levels and local villagers were previously mining a similar amount from open pits and shallower underground workings. Muping Mining has reported producing gold at a cost of approximately $305 USD per ounce from ore grading approximately 1.7 grams/tonne in their underground mine in 2005. The costs reported include $86.51 per ounce mining costs, $100.84 per ounce processing, $54.06 per ounce in refining, freight and taxes, and $63.75 in depreciation and other costs.
Muping Mining has provided the company with access to the historical financial data. While all of the historical data reviewed are considered complete and the procedures followed appear to be reliable, the company has not completed a full auditing of the financial data provided. The company is reporting them as an estimate of costs only and as a result, they should not be relied upon.
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
Signed “Rod Husband”
Rod Husband, P.Geo.
Director
Contact:
Investor Relations: (604) 681-4653 or 1-866-282-8398
Email: info@majesticgold.net or visit our Website: www.majesticgold.net
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.
Knox Henderson
Investor Relations
Majestic Gold
1-866-282-8398
604-681-4653 ext 122
www.majesticgold.net
Antwort auf Beitrag Nr.: 22.412.330 von koskai am 04.07.06 20:26:22..wer sich die kurse in kanada ansieht, der glaubt möglicherweise ebenso, dass die angstverkäufe zunehmend auslaufen und damit den startschuss für zukünftige höchstkurse gegeben haben
Antwort auf Beitrag Nr.: 22.411.317 von Kuschel35 am 04.07.06 18:57:45Nur keine Panik,
am Jahresende wird abger
echnet!!
am Jahresende wird abger
echnet!!
Irgendwie passiert hier zurzeit absolut nichts mehr ! Die News sind diese Woche sicher noch fällig !
Stimmt heute ist dort Feiertag Canada Day !!!!
Dann ist alles klar !
Danke !
Dann ist alles klar !
Danke !
Trading Spotlight
Ist dort Feiertag ? Morgen ist in den USA Independence day
Antwort auf Beitrag Nr.: 22.399.128 von Kuschel35 am 03.07.06 19:59:09in Can wurde heute nicht gehandelt, jedenfalls habe ich das heute des öfteren gelesen.
Wird die Aktie heute in Kanada garnicht gehandelt ?
Es gibt keinerlei Bewegungen ?
Oder ist die Aktie vom Handel ausgesetzt ?
Es gibt keinerlei Bewegungen ?
Oder ist die Aktie vom Handel ausgesetzt ?
Antwort auf Beitrag Nr.: 22.394.308 von Cadrach am 03.07.06 15:11:53das sehe ich auch so....aber ewig wird das nicht dauern
Antwort auf Beitrag Nr.: 22.390.336 von Toronero am 03.07.06 10:17:35Schon bemerkenswert wie diese Aktie es schafft trotz so positiver Meinungen und Bewertungen so konstant am Boden zu bleiben! 
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