(TheNewswire)
Vancouver, British Columbia - TheNewswire – September 23, 2021 -Majestic Gold Corp. (“Majestic” or the“Company”) (TSXV:MJS ) ( FSE:MJT) ispleased to announce that it plans to initiate work on the four lithiumtenements located near Kalgoorlie in Western Australia first announcedby the Company on July 2, 2021. The Company has contracted with SRKConsulting Ltd. (“SRK”) in Perth to commence the work on October6, 2021, for which SRK will perform an initial technical review,conduct property visits on the four properties, and summarize resultsin a report with recommendations for the next phase of work on theproperties.
SRK geologists will focus on north and northwesttrending structures that are known to host lithium bearing pegmatitesthroughout the region, formed along the edges of granites as well asalong the edges of greenstone belts. Staking of three of theproperties, E36/918, E37/1334, and E63/2110, was centered overnorth-northwest trending faults along the Wiluna-Norsman greenstonebelt. Splays off the main fault structures will be prospected forlithium 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. Hollentonpegmatite. At the south end of this district is Galaxy Resource’sMt. Cattlin lithium deposit.
Qualified Person Statement
Stephen Kenwood, P.Geo., a director of Majestic Gold Corp., is aQualified Person within the context of National Instrument 43-101 (NI43-101) and has read and approved this news release.
About Majestic Gold
Currently focused inChina, Majestic Gold Corp. is a British Columbia based company engagedin commercial gold production at the Songjiagou Gold Mine in easternShandong Province, China. Additional information on the Company andits projects is available at www.sedar.com and on theCompany’s website at www.majesticgold.com .
For further information, pleasecontact:
Stephen Kenwood, P.Geo. , President and CEO
Telephone: (604) 560-9060
Email: info@majesticgold.com
Website: www.majesticgold.com
Cautionary Notes
Certain statements contained hereinmay constitute forward?looking statements and are made pursuant tothe "safe harbor" provisions of the United States PrivateSecurities Litigation Reform Act of 1995 and Canadian securities laws.Forward?looking statements are statements which relate to futureevents. Such statements include estimates, forecasts and statements asto management's expectations with respect to, among other things,business and financial prospects, financial multiples and accretionestimates, future trends, plans, strategies, objectives andexpectations, including with respect to production, explorationdrilling, reserves and resources, exploitation activities and eventsor future operations. Information inferred from the interpretation ofdrilling results and information concerning mineral resource estimatesmay also be deemed to be forward-looking statements, as it constitutesa prediction of what might be found to be present when, and if, aproject is actually developed.
In some cases, you can identifyforward?looking statements by terminology such as "may","should", "expects", "plans,"anticipates", believes", "estimates","predicts", "potential", or "continue"or the negative of these terms or other comparable terminology. Thesestatements are only predictions and involve known and unknown risks,uncertainties and other factors that may cause our or our industry'sactual results, level of activity, performance or achievements to bematerially different from any future results, levels of activity,performance, or achievements expressed or implied by theseforward?looking statements.
While these forward?lookingstatements, and any assumptions upon which they are based, are made ingood faith and reflect our current judgment regarding the direction ofour business, actual results will almost always vary, sometimesmaterially, from any estimates, predictions, projections, assumptionsor other future performance suggestions herein. Except as required byapplicable law, Majestic Gold does not intend to update anyforward?looking statements to conform these statements to actualresults.
Copyright (c) 2021 TheNewswire - All rights reserved.