New Risk • Jul 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 36% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (36% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (7.1% net profit margin). Duyuru • Jul 02
Majestic Gold Corp. announced that it has received CAD 49.2341 million in funding On June 30, 2026, Majestic Gold Corp. has amended and closed the transaction. The company will now issue 378,723,846 common shares at an issue price of CAD 0.13 per share for gross proceeds of CAD 49,234,099.98. No finders’ fees or commissions were paid in connection with private placement. The common shares issued under the private placement are subject to hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The private placement is subject to receipt of final acceptance of the TSX Venture Exchange. Duyuru • Jun 16
Majestic Gold Corp., Annual General Meeting, Jul 31, 2026 Majestic Gold Corp., Annual General Meeting, Jul 31, 2026. Duyuru • May 23
Majestic Gold Corp. announced that it expects to receive CAD 50 million in funding Majestic Gold Corp. announced a non-brokered private placement of up to 384,615,385 common shares at an issue price of CAD 0.13 per share for gross proceeds of up to CAD 50,000,000 on May 21, 2026. The transaction is subject to the approval of regulatory authority and TSX Venture Exchange. All the securities issued under the offering is subject to statutory hold periods under Canadian securities laws. Duyuru • Mar 23
Majestic Gold Corp. Announces Resumption of Operations At Its Mujin Gold Project Majestic Gold Corp. announced that operations and production have resumed at the DGZ Underground Mine, located within its Mujin Gold Project. Reference is made to the Company's February 10, 2026 news release in relation to the suspension of production at the Mujin Gold Project. Given the relatively short duration of the production suspension, the Company does not expect the interruption to have a material impact on its annual gold production for 2026. Duyuru • Sep 27
Majestic Gold Announces Resumption of Operations At DGZ Mine Majestic Gold Corp. announced that operations at its Denggezhuang Underground Mine (the "DGZ Mine") in Muping District, Yantai City, Shandong Province, have resumed following regulatory approval. As disclosed in Majestic's news release dated July 28, 2025, production at the DGZ Mine was suspended after a workplace accident that resulted in a fatality. The Emergency Management Department and Safety Supervision Administration ("EMD & SSA") ordered the suspension to allow for investigation and rectification measures. During the suspension period, the Company and its operating subsidiary, Yantai Mujin Mining Co. Ltd. ("Yantai Mujin"), implemented comprehensive self-inspection and corrective measures in accordance with regulatory requirements. Under order of the EMD & SSA, the Emergency Management Bureau of Muping District, subsequently conducted detailed reviews and inspections of the DGZ Mine. On September 26, 2025, Yantai Mujin received the "Safety Production Administrative Enforcement Document - Rectification Review Opinion ((Lu Yan Mu) Emergency Review (2025) No. 138)" issued by
the Emergency Management Bureau, confirming that all required rectifications had been completed and granting approval for the DGZ Mine to resume operations. Accordingly, Yantai Mujin has immediately
resumed mining operations at the DGZ Mine. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: US$0.001 (vs US$0.003 in 2Q 2024) Second quarter 2025 results: EPS: US$0.001 (down from US$0.003 in 2Q 2024). Revenue: US$23.3m (up 29% from 2Q 2024). Net income: US$1.15m (down 60% from 2Q 2024). Profit margin: 4.9% (down from 16% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Duyuru • Jun 29
Majestic Gold Corp. Announces Adoption of Dividend Policy Majestic Gold Corp. announced that its Board has formally adopted a Dividend Policy. While no dividends have been declared at this time, the Dividend Policy establishes a framework to evaluate potential future dividend payments based on, but not limited to, the following considerations:: Current and projected financial performance; Profitability and earnings; Cash flow requirements and capital expenditures; Market conditions and economic outlook; Legal and regulatory requirements; and Other factors deemed relevant to the Board. Reported Earnings • Jun 02
First quarter 2025 earnings released: EPS: US$0.003 (vs US$0.003 in 1Q 2024) First quarter 2025 results: EPS: US$0.003 (in line with 1Q 2024). Revenue: US$19.5m (up 25% from 1Q 2024). Net income: US$3.05m (up 16% from 1Q 2024). Profit margin: 16% (down from 17% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$119.9m market cap, or US$85.9m). Duyuru • Apr 29
Majestic Gold Corp., Annual General Meeting, Jun 26, 2025 Majestic Gold Corp., Annual General Meeting, Jun 26, 2025. Location: british columbia, surrey Canada Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: US$0.01 (vs US$0.007 in FY 2023) Full year 2024 results: EPS: US$0.01 (up from US$0.007 in FY 2023). Revenue: US$71.0m (up 29% from FY 2023). Net income: US$9.93m (up 31% from FY 2023). Profit margin: 14% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Dec 01
Third quarter 2024 earnings released: EPS: US$0.003 (vs US$0.002 in 3Q 2023) Third quarter 2024 results: EPS: US$0.003 (up from US$0.002 in 3Q 2023). Revenue: US$18.3m (up 50% from 3Q 2023). Net income: US$3.05m (up 51% from 3Q 2023). Profit margin: 17% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Aug 31
Second quarter 2024 earnings released: EPS: US$0.003 (vs US$0.002 in 2Q 2023) Second quarter 2024 results: EPS: US$0.003 (up from US$0.002 in 2Q 2023). Revenue: US$18.1m (up 24% from 2Q 2023). Net income: US$2.89m (up 41% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$67.8m market cap, or US$49.7m). Reported Earnings • May 24
First quarter 2024 earnings released: EPS: US$0.003 (vs US$0.003 in 1Q 2023) First quarter 2024 results: EPS: US$0.003 (in line with 1Q 2023). Revenue: US$15.6m (up 11% from 1Q 2023). Net income: US$2.64m (flat on 1Q 2023). Profit margin: 17% (down from 19% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Duyuru • Apr 26
Majestic Gold Corp., Annual General Meeting, Jul 11, 2024 Majestic Gold Corp., Annual General Meeting, Jul 11, 2024. Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: US$0.007 (vs US$0.011 in FY 2022) Full year 2023 results: EPS: US$0.007 (down from US$0.011 in FY 2022). Revenue: US$55.0m (down 13% from FY 2022). Net income: US$7.56m (down 32% from FY 2022). Profit margin: 14% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Duyuru • Mar 30
Majestic Gold Corp. Reports Production Results for the Fourth Quarter and Year Ended December 31, 2023 Majestic Gold Corp. reported production results for the year ended December 31, 2023. Gold production was 30,837 ounces for 2023, a decrease of 18% from 37,641 ounces produced for 2022. 2023 gold production was lower due to the expansion work at the SJG open pit, resulting in both lower gold grades and mining volume for the year. Gold production in 2022 was a record high as the Company achieved a new high in mill throughput of 2 million tonnes for the year.For the quarter Gold production decreased by 5% to 7,543 ounces, from 7,924 ounces produced for the 2022 comparative quarter. Duyuru • Mar 13
Majestic Gold Corp. Announces Appointment of Charles Uy to Its Board as an Independent Director Majestic Gold Corp. announced the appointment of Mr. Charles Uy to its Board as an independent director. Mr. Uy brings a wealth of expertise to the role, with over twenty years of corporate executive management and finance experience. Mr. Uy has a strong background in the exploration and mining industry, having worked with a number of TSX-V listed junior mining companies. Mr. Uy, CPA, CA is a Chartered Professional Accountant and a graduate from the University of British Columbia where he earned his Bachelor of Applied Science in Mechanical Engineering. Duyuru • Jan 31
Majestic Gold Corp. Files Technical Report for the Songjiagou Gold Project Majestic Gold Corp. announced that it has filed a technical report titled "Qualified Person's Report for the Songjiagou Gold Project, Shandong Province, People's Republic of China" dated December 14, 2023 by SRK Consulting China Ltd. The Report includes a updated resource estimate of Indicated and Inferred Resources as well as possible Reserves at Songjiagou Gold Project as of June 30, 2023 are as follows: Resource Estimate in the Report dated June 30, 2023. Open Pit, Underground, Indicated, Inferred, Inferred, (0.30 g/t Au) cutoff, (0.70 g/t Au) cutoff), Underground, Probable, 530,000 T @ 1.39 g/t Au (0.70 g/T Au cutoff) Resource Estimate in the Report date January 19, 2016. Open Pit, Underground,Indicated, Inferred, Indicated, Inferred; Increase in the area of the mining license from 0.3421 sq kms to 1.0077 sq kms; More data from new samples of new exploration programs were used in 2023 model, including 51 new diamond drill holes, 29 new trenches, and 19 underground channel samples;. Larger open-pit limit optimized from the new mineral resource basis. All technical information contained in this news release has been reviewed and approved by Stephen Kenwood, P. Geo., who is a director of the Company and a qualified person under the definitions established by NI 43-101. Reported Earnings • Dec 01
Third quarter 2023 earnings released: EPS: US$0.002 (vs US$0.003 in 3Q 2022) Third quarter 2023 results: EPS: US$0.002 (down from US$0.003 in 3Q 2022). Revenue: US$12.2m (down 22% from 3Q 2022). Net income: US$2.02m (down 40% from 3Q 2022). Profit margin: 17% (down from 22% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risk Market cap is less than US$100m (CA$83.4m market cap, or US$61.3m). Duyuru • Sep 09
Majestic Gold Corp., Annual General Meeting, Nov 09, 2023 Majestic Gold Corp., Annual General Meeting, Nov 09, 2023. Reported Earnings • May 31
First quarter 2023 earnings released: EPS: US$0.003 (vs US$0.003 in 1Q 2022) First quarter 2023 results: EPS: US$0.003 (in line with 1Q 2022). Revenue: US$14.0m (down 18% from 1Q 2022). Net income: US$2.66m (down 24% from 1Q 2022). Profit margin: 19% (down from 21% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 01
Full year 2022 earnings released: EPS: US$0.011 (vs US$0.004 in FY 2021) Full year 2022 results: EPS: US$0.011 (up from US$0.004 in FY 2021). Revenue: US$63.5m (up 65% from FY 2021). Net income: US$11.1m (up 146% from FY 2021). Profit margin: 18% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: US$0.003 (vs US$0.001 in 3Q 2021) Third quarter 2022 results: EPS: US$0.003 (up from US$0.001 in 3Q 2021). Revenue: US$15.8m (up 63% from 3Q 2021). Net income: US$3.39m (up 174% from 3Q 2021). Profit margin: 22% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 07
Majestic Gold Corp., Annual General Meeting, Dec 05, 2022 Majestic Gold Corp., Annual General Meeting, Dec 05, 2022. Duyuru • Sep 15
Majestic Gold Corp. Reports on Moorine Property in Western Australia Majestic Gold Corp. announced results from a reconnaissance mapping and prospecting program that was completed on the Moorine tenement. The property is located approximately 350km east of Perth, 28km southwest of Southern Cross in the Yilgarn Goldfield of Western Australia. Access is off the Great Eastern Highway, 10km north of the property. A total of six widely spaced samples were taken on this first pass of prospecting on the Moorine property visit. The goal of the program was to identify pegmatite-hosted spodumene deposits capable of hosting lithium mineralization. Results from the samples returned negligible amounts of lithium but most of the samples returned elevated amounts of rubidium, which is often associated with lithium. Rubidium is a high value critical element usually found in pegmatites and has multiples uses including in solar panels, fiber optic cables, as well as sodium-ion batteries. The Moorine property is comprised of eight blocks covering 24 square kilometers and is located within the Yilgarn craton granites. The property is centred on a northwest trending fault structure similar to the Mt. Holland lithium project and on strike with the Mt. Hollenton pegmatite. At the south end of this district is Galaxy Resource's Mt. Cattlin lithium deposit. The area is underlain by Banded Iron Formation and mafic igneous rocks of Archaean age that have been deformed by two regional fold systems. The samples were tested using a Sci-Apps Z-903 portable handheld LIBS Analyzer capable of analyzing for every element in the periodic table. The Company will work with the consultants from Western Explorers Pty Ltd. to determine the best way to follow up the anomalous results from this initial program. Reported Earnings • Aug 30
Second quarter 2022 earnings released: EPS: US$0.004 (vs US$0.001 in 2Q 2021) Second quarter 2022 results: EPS: US$0.004 (up from US$0.001 in 2Q 2021). Revenue: US$16.4m (up 83% from 2Q 2021). Net income: US$4.02m (up 399% from 2Q 2021). Profit margin: 25% (up from 9.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 26
Now 23% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CA$0.072, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 17%. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: US$0.003 (vs US$0.003 in 1Q 2021) First quarter 2022 results: EPS: US$0.003 (vs US$0.003 in 1Q 2021). Revenue: US$17.0m (up 194% from 1Q 2021). Net income: US$3.48m (up 6.3% from 1Q 2021). Profit margin: 21% (down from 57% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: US$0.004 (vs US$0.009 in FY 2020) Full year 2021 results: EPS: US$0.004 (down from US$0.009 in FY 2020). Revenue: US$38.4m (down 27% from FY 2020). Net income: US$4.51m (down 52% from FY 2020). Profit margin: 12% (down from 18% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 11
Majestic Gold Corp. Reports on Lithium Projects in Western Australia Majestic Gold Corp. announced that initial review on the four lithium tenements near Kalgoorlie in Western Australia has been completed. The Company contracted SRK Consulting China Ltd. ("SRK") in Beijing to perform an initial technical review of regional government geochemical surveys and aeromagnetic and radiometric geophysical survey data, conduct property visits on all of the properties, and summarize results in a report with recommendations for further work on all the properties with particular focus on the Leonora and Sir Samuel tenements. The Leonora property is located approximately 15 km west of the Leonora townsite, which is 230 km north of Kalgoorlie via the Goldfields Highway. The Leonora project is covered with Tertiary and Quaternary alluvium and colluvium. Aeromagnetic data interpretation of the region indicates the tenement to be underlain by granitoids located near the western boundary of the Leonora Greenstone belt. The regional geochemical Lithium contour map shows a good regional lithium anomaly through the central portion of this property, part of a broad northwest trending anomaly in this area. SRK recommends more focused geochemical and geophysical programs for this property. The Sir Samuel project is situated at about 450 km north of Kalgoorlie, within the Yakabindie-Mt Keith ultramafic belt which forms part of the Agnew - Wiluna Greenstone Belt. The property is about 8 kms east of the newly discovered Kathleen Valley lithium deposit. The region is characterised by major tectonic lineaments such as the Mt Keith-Kilkenny structure together with complex folding and faulting. Although regional geochemical results and results from the six SRK rock samples indicate that lithium potential for the property is low, the SRK sampling did return anomalous values in Cesium and Lanthanum, indicative of rare earth element (REE) potential. Despite the low regional lithium values, SRK has recommended further investigation (geochemical/geophysical surveys) especially in the north area near the contact zone between greenstone and granite. The Company is planning to commence a Phase 1 soil sampling program and a ground magnetometer survey beginning with the Leonora property in early 2022 to follow up on the lithium anomaly outlined by the state geochemical data. Stephen Kenwood, P.Geo., a director of Majestic Gold Corp., is a Qualified Person within the context of National Instrument 43-101 (NI 43-101) and has read and approved this news release. Reported Earnings • Nov 25
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: US$0.001 (down from US$0.003 in 3Q 2020). Revenue: US$9.65m (down 31% from 3Q 2020). Net income: US$1.24m (down 61% from 3Q 2020). Profit margin: 13% (down from 23% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Oct 31
High number of new directors GM & Chairman of Yantai Zhongjia Mining Company Limited Shufeng Zhou was the last director to join the board, commencing their role in 2021. Duyuru • Sep 24
Majestic Gold Corp. Initiates Work on Lithium Projects in Western Australia Majestic Gold Corp. announced that it plans to initiate work on the four lithium tenements located near Kalgoorlie in Western Australia first announced by the Company on July 2, 2021. The Company has contracted with SRK Consulting Ltd. ("SRK") in Perth to commence the work on October 6, 2021, for which SRK will perform an initial technical review, conduct property visits on the four properties, and summarize results in a report with recommendations for the next phase of work on the properties. SRK geologists will focus on north and northwest trending structures that are known to host lithium bearing pegmatites throughout the region, formed along the edges of granites as well as along the edges of greenstone belts. Staking of three of the properties, E36/918, E37/1334, and E63/2110, was centered over north- northwest trending faults along the Wiluna-Norsman greenstone belt. Splays off the main fault structures will be prospected for lithium bearing pegmatites. The fourth property, E77/2817, is located within the Yilgarn craton granites, centered on a northwest trending fault structure similar to the Mt. Holland lithium project and on strike with the Mt. Hollenton pegmatite. At the south end of this district is Galaxy Resource's Mt. Cattlin lithium deposit. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS US$0.001 (vs US$0.003 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$8.98m (down 32% from 2Q 2020). Net income: US$806.3k (down 73% from 2Q 2020). Profit margin: 9.0% (down from 22% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Duyuru • Jul 03
Majestic Gold Corp. (TSXV:MJS) entered into a letter of intent to acquire 65% interest in Four Lithium Tenements in Western Australia from Western Explorers PTY Ltd. Majestic Gold Corp. (TSXV:MJS) entered into a letter of intent to acquire 65% interest in Four Lithium Tenements in Western Australia from Western Explorers PTY Ltd. on July 2, 2021. As per the transaction, Majestic Gold have the right to acquire a 65% interest in the tenements by entering into a joint venture with Western Explorers. To earn its interest, the Company must contribute AUD 1 million over a period of two years for exploration and maintenance of the tenements. Duyuru • Mar 19
Majestic Gold Corp. Provides Update on Drill Program at Fair Adelaide Project Majestic Gold Corp. reported results from its recently completed drill program at the Fair Adelaide Project, located approximately 60 kilometres northwest of Kalgoorlie in the Ora Banda region of Western Australia. The drill program consisted of a total of 21 holes drilled with 1,144 meters of aircore drilling, testing two gold targets and one nickel-cobalt target identified in previous exploration programs on the property. At the Fair Adelaide East and Queen Adelaide prospects, eighteen holes were tested for near surface gold mineralization near the western boundary of the property. Greenstone rocks that host gold mineralization at these prospects play host regionally to the Siberia, Mt. Pleasant and Paddington gold deposits. Five of the holes drilled by the Company at these prospects returned anomalous results, with the best hole returning 0.54 g/t gold over 7.0 meters, from 32.0 to 39.0 meters depth, including 2.52 g/t gold over 1.0 meter from Hole 15. At the Puzzle Bear prospect, located in the central portion of the property, two sub-parallel nickel bearing gossans adjacent to thrust faults were discovered in 2004. The geology at Puzzle Bear is along strike with rocks that host nickel-cobalt mineralization at the nearby Cawse Laterite deposits that were mined from 1999-2008.
The Company drilled 3 holes at Puzzle Bear, testing mineralization that was drilled by Crusader Resources in 2004. Holes 20 and 21 drilled by the Company returned anomalous nickel and cobalt values starting at surface, as follows: Hole 20 intersected 0.26% nickel and 0.031% cobalt over 8.0 meters; Hole 21 intersected 0.24% nickel and 0.020% cobalt over 7.0 meters. The Company will review the results from this initial drill program at Fair Adelaide and determine whether or not any follow-up work will be undertaken on the property. Duyuru • Feb 03
Majestic Gold Corp. Completes Its Initial Drill Program At the Fair Adelaide Project, Located in Western Australia Majestic Gold Corp. reported that it has completed its initial drill program at the Fair Adelaide Project, located in Western Australia. The goal of this initial program at Fair Adelaide was to confirm and expand on mineralisation in holes drilled by previous operators. The drill program consisted of a total of 21 holes drilled with 1,144 metres of aircore of drilling being completed in testing two discrete targets. 18 holes tested gold mineralisation at the Fair Adelaide East prospect near the western boundary of the property and 3 holes tested nickel targets at Puzzle Bear prospect in the center of the property. The Company awaits assay results from Intertek’s Kalgoorlie laboratory. Results from the program are to be released once all data has been received and compiled by the Company. The Fair Adelaide property covers a highly prospective portion of ultramafic rocks on the western limb of the Goongarrie–Mt Pleasant anticline in the prolific Kalgoorlie gold district which also hosts significant base metal occurrences. The greenstone rocks that host gold mineralisation at Fair Adelaide East play host regionally to the Siberia, Mt Pleasant and Paddington gold deposits. Duyuru • Dec 20
Majestic Gold Corp. Drill Program At Fair Adelaide Project Majestic Gold Corp. reported that it will commence a 1,200 metre aircore ("AC) drill program at its Fair Adelaide Project, located in Western Australia. It will be the first phase of drilling undertaken by the Company at Fair Adelaide and will consist of a number of short holes to inexpensively confirm and expand on mineralization in holes drilled by previous operators at the Fair Adelaide East and Puzzle Bear prospects. The program is scheduled to begin in early January 2021. The Property is located approximately 60 kilometres northwest of Kalgoorlie in the Ora Banda region of Western Australia. The eight contiguous tenements owned by Plutus Resources Pty. Ltd. ("Plutus") comprise a total area of 1,322 hectares and are within the Eastern Goldfields Province of the Archaean Yilgarn Craton of Western Australia which covers a portion of the Ora Banda Domain of the Kalgoorlie Terrane. The property is situated within the Norseman-Wiluna greenstone belt of the Eastern Goldfields Province. The Fair Adelaide property covers a highly prospective portion of ultramafic rocks on the western limb of the Goongarrie-Mt Pleasant anticline in the prolific Kalgoorlie gold district which also hosts significant base metal occurrences. The greenstone rocks that host gold mineralisation at Fair Adelaide East play host regionally to the Siberia, Mt Pleasant and Paddington gold deposits.