Majestic Gold Corp. (MJGCF)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Gold, a rare metal prized for its rich yellow color and luster most often associated with jewelry and bullion, has many properties which also renders it useful in industry. As the most malleable pure metal, gold can be beaten so thin it is used to create a highly reflective coating for visors of heat resistant suits. As the most ductile and least corrosive pure metal, it is used in the manufacture of electronic components like semi conductors where its ability to conduct electricity while not reacting with water, oxygen or corrosive agents is critical.
The symbol for the element "gold" is Au which comes from the Latin word "Arum" meaning shining or glowing dawn. This shiny metal can be found in the form of nuggets, veins or as loose material in sedimentary or alluvial deposits. Gold is primarily extracted from the earth through mining ventures. Today, most gold production takes place in South Africa, the United States and Australia.
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October 17th, 2011 at 01:34 pm