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Majestic Files Technical Report on Fair Adelaide East Project in Western Australia
VANCOUVER, BC / ACCESSWIRE / February 24, 2020 / Majestic Gold Corp. ("Majestic" or the "Com...
About this update from Majestic Gold Corp.
[{"type":"text","content":"Majestic Files Technical Report on Fair Adelaide East Project in Western AustraliaVANCOUVER, BC / ACCESSWIRE / February 24, 2020 / Majestic Gold Corp. (\"Majestic\" or the \"Company\") (TSXV:MJS)(FSE:A0BK1D) is pleased to announce that further to its December 18, 2019 news release the Company has filed a National Instrument 43-101 technical report on the Fair Adelaide East Project in Western Australia.The SRK Consulting technical report summarizes the geological environment and historical work on the 1,322 hectare property that is comprised of eight contiguous tenements owned by Plutus Resources Pty. Ltd. (\"Plutus\"), located approximately 60 kilometres northwest of Kalgoorlie in the Ora Banda region of Western Australia. The property is situated within the Norseman-Wiluna greenstone belt of the Eastern Goldfields Province. The greenstone rocks that host gold mineralisation at Fair Adelaide East play host regionally to the Siberia gold deposit, which is six kilometers to the northwest, and the Mt. Pleasant and Paddington gold deposits, which are about 20-25 kilometers to the southeast of the project area.The geology of the project area covers predominantly mafic - ultramafic rock types which in part are covered by alluvial soils of varying depths and these areas along with a number of other prospective targets remain untested. The project area is also prospective for base metals and is located adjacent and on strike to the Cawse Lateritic Nickel Project, which is five kilometers east of the Fair Adelaide East property.Work by past explorers includes sampling of small pits within the granite, numerous porphyry dykes and quartz veins in the sheared ultramafics that returned results meriting follow-up of RAB and reverse circulation drilling of short holes that have yielded the following intercepts within the project area:17 metres @ 1.1 g/t gold from 17 metres5 metres @ 1.1 g/t gold from 22 metres12m @ 1.28 g/t gold from 22 metres17m @ 0.61 g/t gold from 15 metres22m @ 0.27g/t gold from 8 metresA total of 13 verification samples were taken by SRK for this technical report including six rock chip samples from old prospecting pits, six grab samples from residual material at the collars of RAB/RC drill holes and one soil grab sample to verify gold mineralization. Nine of the twelve samples were taken in the area around a zone discove...