Majestic Initiates Work on Lithium Projects in Western Australia

2021-09-23 / @thenewswire

(TheNewswire)

Vancouver, British Columbia - TheNewswire – September 23, 2021 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSXV:MJS) (FSE:MJT) is pleased to announce 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.

Qualified Person Statement

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.

About Majestic Gold

Currently focused in China, Majestic Gold Corp. is a British Columbia based company engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China. Additional information on the Company and its projects is available at www.sedar.com and on the Company’s website at www.majesticgold.com.

For further information, please contact:

Stephen Kenwood, P.Geo., President and CEO

Telephone: (604) 560-9060

Email: info@majesticgold.com

Website: www.majesticgold.com

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