Majestic Gold Reports Gold Production to September 30, 2010
(firmenpresse) - Majestic Gold Reports Gold Production to September 30, 2010
Vancouver, British Columbia, October 14, 2010 – Majestic Gold Corp. (TSX.V: MJS) (“Majestic”) is pleased to announce results of mining operations at Song Jiagou for the first three calendar quarters of 2010:
Highlights:
- Total of 4,709.37 ounces of gold produced and 4,592.13 ounces of gold sold for the period; the balance remains in inventory
- Gold sales of US $5,419,422 for the period at an average price of US $1,180.15 per ounce
- Steady increase in head grades quarter over quarter (11.1% increase)
- Average price per gold ounce of US $1,246.92 during the third calendar quarter, slightly above the average spot price for the quarter of US $1,226.62 (source - kitko.com)
- Consistent gold recoveries around 89%
More details can be found in the following table:
Period Ending
31-Mar-10 30-Jun-10 30-Sep-10 Totals
Tonnes milled 106,476.00 124,596.00 71,586.00 302,658.00
Head grade (g/t) 0.49 0.54 0.60 0.54
Recovery 89.25% 88.99% 88.99% 89.09%
Gold Produced (oz) 1,529.71 1,945.81 1,233.85 4,709.37
Ave price US $1,123.82 US $1,180.55 US $1,1246.92 US $1,180.15
Revenues US $1,697,653.43 US $2,258,861.31 US $1,462,907.68 US $5,419,422.43
730 - 1130 West Pender Street
Vancouver, B.C. CANADA V6E 4A4
Telephone: 604-681-4653
Facsimile: 604-568-4902
Email: info(at)majesticgold.net
The geological and technical information contained in this news release has been reviewed and approved by Mike Hibbitts, P.Geo., a qualified person under the definitions established by National Instrument 43-101.
On Behalf of the Board of Directors
MAJESTIC GOLD CORP.
Signed "Rod Husband"
Rod Husband, P.Geo
President
Contact:
Investor Relations: (604) 681-4653 or 1-866-282-8398
Email: info(at)majesticgold.net or visit our Website: www.majesticgold.net
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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.
Leseranfragen:
MAJESTIC_GOLD_CORP
1370 - 1140 West Pender Street
Vancouver,
BC Canada
V6E 4G1
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Datum: 15.10.2010 - 17:25 Uhr
Sprache: Deutsch
News-ID 25836
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