Majestic Gold Corp.

Published : February 16th, 2007

RELEASES UNDERGROUND DRILL RESULTS AT SONG JIAGOU

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MAJESTIC GOLD RELEASES UNDERGROUND DRILL RESULTS AT SONG JIAGOU

 

February 15, 2007                                                                                TRADING SYMBOL - TSX.V : MJS

 

Majestic Gold Corp. (TSX.V: MJS) is pleased to announce drill results from eleven underground diamond drill holes from its 2006 exploration program at the Song Jiagou Project located in eastern Shandong Province, China.  Majestic’s program was designed to test high grade gold-bearing structures adjacent to a broad zone of potentially bulk-mineable gold mineralization was the subject of an independent resource estimate, released on April 25, 2006.

 

The 862-metre underground core drill program was conducted on the upper two levels of the four-level underground gold mine.  The program successfully delineated potential bulk mineable mineralization and the high-grade controlling structures in, and below, levels 1 and 2 of the Song Jiagou mine. 

 

The highlights of the program include:

 

  • 50.7 meters at a grade of 1.19 grams gold per tonne in hole UL206-C,
    • including 1.4 metres of 15.8 grams gold per tonne, and
  • 1.8 metres of 7.14 grams in hole UL206-E.  

 

The following is a summary of the 2006 program’s drill results:  

 

Hole #

From (m)

To (m)

Int. (m)

Au (g/t)

Target

UL106-C

24.78

50.80

26.0

0.56

Bulk

    Including

24.78

27.78

3.0

3.24

High

UL106-D

26.68

41.00

14.3

0.56

Bulk

    Including

33.00

39.00

6.0

1.12

Bulk

UL106-D

59.00

72.00

13.0

0.89

Bulk

    Including

64.00

65.00

1.0

9.98

High

UL206-C

11.60

62.30

50.7

1.19

Bulk

    Including

11.60

27.00

15.4

2.22

High

       Including

16.00

17.29

1.3

12.70

High

UL206-C

50.47

51.86

1.4

15.80

High

UL206-C

75.95

77.13

1.2

2.76

High

UL206-E

2.94

44.00

41.1

0.56

Bulk

    Including

9.43

16.70

7.3

2.26

High

      Including

12.80

14.62

1.8

7.14

High

 

The full drill results are tabulated in Appendix A or visit www.majesticgold.net.

 

“Our new results further bolster our confidence in the Song Jiagou project,” said John Zimmerman, head of exploration for Majestic Gold.  “We believe we are well on our way to establishing both significant amounts of bulk mineable, near surface resources and higher grade underground material. Given that these holes averaged only 78 metres in length and were small diameter holes, the results are very encouraging and additional drilling is planned to expand on these results.”

 

In addition to the core drilling, the Company has completed its underground channel sampling program at Song Jiagou and results are forthcoming.  Majestic has also completed a surface and underground mapping program.

 

Of particular importance, are the eight to ten individual major fault structures that have now been identified and mapped.  Each structure appears to extend for several hundred metres on strike and at depth.  These faults are significant because they host higher gold values, locally hosting high grade gold values of 3 grams gold per tonne to over 20 grams per tonne across widths of 0.5 metres to over 5 metres.

 

All new data is currently being compiled and will be used to create a geological model that can be used to in a revised resource estimate this year. 

 

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.

 

 

 

Majestic Gold Corp.

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CODE : MJS.V
ISIN : CA5609121077
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Majestic Gold is a gold exploration company based in Canada.

Majestic Gold holds various exploration projects in China.

Its main asset in development is SONG JIAGOU in China and its main exploration property is SAWAYAERDUN in China.

Majestic Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 41.1 millions as of today (US$ 32.8 millions, € 28.8 millions).

Its stock quote reached its highest recent level on March 14, 1997 at CA$ 2.00, and its lowest recent point on September 04, 2009 at CA$ 0.02.

Majestic Gold has 912 270 016 shares outstanding.

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Annual reports of Majestic Gold Corp.
2008 Annual report
Nominations of Majestic Gold Corp.
10/29/2013Appoints New Directors, Adopts Advance Notice Policy
3/12/2013Appoints New Chief Financial Officer and Director
12/23/2009Appoints Vice President Development and Exploration
12/22/2009Appoints New Director
9/19/2008APPOINTS DAN PISENTI TO BOARD OF DIRECTORS
11/1/2007 APPOINTS MINE GEOLOGIST & GENERAL MANAGER FOR SONG JIAGOU
Project news of Majestic Gold Corp.
1/20/2011(Song Jiagou)Wardrop Delivers Positive Preliminary Assessment for Songjia...
4/15/2010(Song Jiagou)Provides Update on Song Jiagou Property
9/5/2008(Song Jiagou)ANNOUNCES SIGNIFICANT TRENCH RESULTS AT SONG JIAGOU
1/10/2008(Sawayaerdun) ENGAGES FIRM FOR TECHNICAL REPORT AND BEGINS YEAR ROUND ACC...
1/3/2008(Sawayaerdun) ANNOUNCES HIGH GRADE SAMPLE AT SAWAYAERDUN
10/4/2007(Song Jiagou)Outlines 2007 Program For Song Jiaguo
Corporate news of Majestic Gold Corp.
1/29/2016Majestic Gold Corp. Reports 2015 Annual Results And Option G...
1/27/2016Majestic Gold Corp. Files Amended Technical Report
12/22/2015Majestic Gold Corp. Clarifies Disclosure Following Bcsc Revi...
8/28/2015Majestic Gold Corp. Reports 2015 Third Quarter Results
8/13/2015Shareholder Update
8/21/2013(Song Jiagou)Files NI43-101 Report on Updated Preliminary Economic Assess...
7/29/2013Completes Swap of Equity for Net Profits Interest
7/8/2013(Song Jiagou)SRK Delivers Updated Preliminary Economic Assessment for Son...
6/27/2013Announces Agreement to Swap Net Profits Interest for Equity ...
3/28/2013Contracts VantageWire for Marketing and Advertising Services
2/19/2013First Quarter Gold Production
2/1/2013Corporate Update
4/27/2011Provides Update on Mill Construction
4/23/2010Greatly Increases Resources at Its Songjiagou Project
2/25/2010 Announces Agreement to Acquire Remaining 40% of Muping Join...
1/27/2010Announces Resignation of Director and Establishes Board Comm...
11/15/2007 COMMENCES BULK SAMPLING PROGRAM AT SONG JIAGOU
10/18/2007Increases Ounces By 285% TO 1.2 MILLION OUNCES AT SONG JIAGO...
2/16/2007RELEASES UNDERGROUND DRILL RESULTS AT SONG JIAGOU
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