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Majestic Gold Corp. Files Amended Technical Report
(via Thenewswire.ca) Vancouver, British Columbia / TheNewswire / January 21, 2016 - Majest...
About this update from Majestic Gold Corp.
[{"type":"text","content":"Majestic Gold Corp. Files Amended Technical Report(via Thenewswire.ca)\n\n \nVancouver, British Columbia / TheNewswire / January 21, 2016 - Majestic Gold Corp. (\"Majestic\" or the \"Company\") (TSX.V: MJS, FSE: A0BK1D) announces that it has filed an amended technical report titled \"Independent Technical Report of Songjiagou Project, Shandong Province, The People's Republic of China\" (the \"Amended Report\") dated January 19, 2016 by SRK Consulting China Ltd. \n\n \n \nChanges in the Amended Report included the following:\n\n\n \n-Explanation to capping of High Grade samples at 40 g/t gold;\n\n\n \n-Reporting open-pit resources and underground resources by using different cut-off grades;\n\n\n \n-Excluding the depletion of historical underground mining in the resource statements and the PEA;\n\n\n \n-Including taxation in the economic analysis in the PEA;\n\n\n \n-Addition of a Qualified Person (\"QP\"), Peter Fairfield, BEng, FAusIMM, for mining aspects of the technical report as well as amending the certificates and consents of QP's to ensure that at least one qualified person is responsible for each section of the Amended Report;\n\n\n \n-Addition of cautionary language relating to the mineral resource estimate and results of the PEA;\n\n\n \n-The Amended Report includes an updated resource estimate of Indicated and Inferred Resources at Songjiagou, as follows:\n\n \n\nOriginal Resource Estimate (in the report dated 08/20/2013)\n\n\n \n \n\n\nGlobal Resource\n\n\n \n \n \n \n\n\nOpen Pit\n\n\n \n \n \n\n\nIndicated \n\n\n\n\nInferred\n\n\n \n \n \n\n\n(0.30 g/t Au) cutoff\n\n\n\n\n(0.30 g/t Au) cutoff\n\n\n \n \n \n\n\n28.6 MT @ 1.38 g/t Au\n\n\n\n\n35.3 MT @ 1.43 g/t Au\n\n\n \n \n \n \n \n \n \n\n\nWithin Original Mining License \n\n\n \n \n \n \n\n\nOpen Pit\n\n\n \n \n \n\n\nIndicated (MT)\n\n\n\n\nInferred\n\n\n \n \n \n\n\n(0.30 g/t Au) cutoff\n\n\n\n\n(0.30 g/t Au) cutoff\n\n\n \n \n \n\n\n25.9 MT @ 1.42 g/t Au\n\n\n\n\n28.7 MT @ 1.35 g/t Au\n\n\n \n \n \n \n \n \n\n\nAmended Resource Estimate (in the report amended 01/19/2016)\n\n\n \n \n\n\nGlobal Resource\n\n\n \n \n \n \n\n\nOpen Pit\n\n\n\n\nUnderground\n\n\n \n \n\n\nIndicated (MT)\n\n\n\n\nInferred\n\n\n\n\nInferred \n\n\n \n \n\n\n(0.30 g/t Au) cutoff\n\n\n\n\n(0.30 g/t Au) cutoff\n\n\n\n\n(0.80 g/t Au) cutoff\n\n\n \n \n\n\n26.6 MT @ 1.40 g/t Au\n\n\n\n\n23....