Business
Songjiagou Underground Gold Mine Achieves Full Production
VANCOUVER, BC / ACCESSWIRE / September 11, 2019 / Majestic Gold Corp. (“Majestic&#x...
About this update from Majestic Gold Corp.
[{"type":"text","content":"Songjiagou Underground Gold Mine Achieves Full ProductionVANCOUVER, BC / ACCESSWIRE / September 11, 2019 / Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) is pleased to announce that full production has been achieved at its Songjiagou underground gold mine after successfully meeting the requirements of a comprehensive government certification program.“This is a milestone achievement for the Company,” said Majestic President, Steve Kenwood, who noted that “the modern, high grade underground mine will allow for a significant increase in low cost annual gold production in addition to providing an exploration platform for defining new gold resources at depth and along strike.”Ore from the underground mine is approximately four times the grade of the open pit and is batch-processed in the Company’s surface plant to optimize metal recoveries.Construction of the underground project, including the installation of all ancillary infrastructure, is complete to the point where full production capacity of 300 tonnes of ore is being achieved on a daily basis. Ramp development to working levels within the underground mine is well ahead of schedule and under budget. The entrance to the underground mine is situated approximately 405 metres northeast of the Songjiagou open pit.Previous exploration work by the No. 3 Brigade immediately north of the open pit outlined at least 12 discrete gold-rich vein structures that represent a continuation of mineralization that is presently being mined in the open pit. The structures follow the general regional trend, striking north-easterly at about 040 degrees, with dips ranging from 30-65 degrees to the southeast. Gold-dominant mineralization remains open along strike and at depth in many of the vein structures explored by the No. 3 Brigade. “The structural nature of the mineralization will simplify mining and will enable us to focus our exploration efforts on high probability targets along the interpreted geological trend,” Kenwood added.The No. 3 Brigade focused on five mineralized vein structures that comprised a non-NI 43-101 compliant resource in a report titled “General Exploration Report on the Deep and Peripheral Area in Songjiagou Gold Mine, Muping District, Yantai City, Shandong Province....