MAJESTIC Gold expects underground development of the Songjiagou North property of its Songjiagou Gold Project in Shandong Province to be completed in about 12 months. By 30 June 2017, the company had completed 1000 metres of the 2075 metre access ramp.

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Drilling on a bench in the open pit at Majestic Mining’s Songjiagou Gold Project in Shandong Province.

Songjiagou North project area lies immediately north of the Songjiagou open pit operation, within the project’s exploration licence boundary. The area underlain by precious metal mineralised vein structures was converted to a five year, 0.414sqkm mining licence that was granted on February 18, 2016.

The mining licence area covers a continuation of the gold mineralisation that is being developed in the adjacent Songjiagou Gold Mine. Previous sporadic exploration completed by No 3 Brigade between 2001 and 2013 outlined five discrete mineralised vein structures that comprise a non-compliant NI 43-101 resource found in a Brigade No 3 report titled ‘General Exploration Report on the Deep and Peripheral Area in Songjiagou Gold Mine, Muping District, Yantai City, Shandong Province’ and filed with the Bureau of Land and Resources of Shandong Province in 2013.

The company’s current plan for Songjiagou North property is the underground development of a 2075 metre ramp to access at least four of the five identified mineralised vein structures from six different levels.

The Songjiagou Gold Mine achieved commercial production in 2011 and was expected to produce approximately 25,000 ounces of gold in 2017, an increase of almost 25% compared to the average of the previous five years. Recent improvements to grade control and recovery, coupled with reduced costs for mining and milling, have resulted in all-in sustaining costs falling to under $900 per ounce.

Majestic has been unable to realise the full potential of the mine due, in a large part, to the lack of consistent grade control of material entering the mill after being mined in the pit. The management is limiting production to the capacity of the 6000 tonnes/day mill as the company continues to work on implementation of its grade control program, and the development of an optimised mine plan. There are also 1200 tonne and 200 tonne mills at the project.


宋家沟北项目开发进展

马捷斯提克金矿公司预计大约在12个月内完成对位于山东省宋家沟金矿项目的宋家沟北矿区的地下开采。截至2017630日,公司完成了2075米斜坡道入口段中的1000米的施工。

宋家沟北矿区紧邻宋家沟露天矿坑的北部,位于项目勘探许可范围内。该区域下面为贵金属矿化脉构造,已划入第一个五年、0.414平方公里的采矿许可内,该许可证于2016218日取得。

采矿许可证覆盖范围包括在相邻的宋家沟金矿开采的黄金矿化区域的延长带。由第三大队在20012013年间完成的零星勘探勾勒出五个矿化脉构造,包括在题为《山东省烟台市牟平区的宋家沟金矿深部和外围综合勘探报告》的第三号报告中提到的不符合NI 43-101标准的矿产资源,这份报告于2013年提交给了山东省国土资源厅。

公司目前对宋家沟北矿区的计划是在地下实施2075米的斜坡道以从六个不同的工作面进入五个矿化脉构造中的至少四个。

宋家沟金矿在2011年实现商业化生产,预计在2017生产约25000盎司黄金,与五年前的平均值相比几乎增加了25%。最近由于品位控制和回收的改进,以及采矿和磨矿成本的降低,所有的维持成本下降至每盎司900美元以下。

马捷斯提克一直未能实现矿井的全部潜力,在很大程度上是由于在矿坑开采后进入磨矿机的原材料缺乏一致的品位控制。管理层将磨矿机产能限制到6000/天,因为公司正在继续努力实施其品位控制计划,并制定优化的矿区计划。该项目还有1200吨和200吨的磨矿机。

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