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 is used as a plating material, where sodium gold cyanide is used as a gold plating solution. The plating has good chemical resistance and electrical properties, however the plating lacks wear resistance, in which case gold-indium plate is utilized.
Gold alloys also have a number of applications such as:
o Gold-gallium and gold-antimony are used in electronic industry (primarily as wire)
o Gold is used for dental applications and is rightly termed dental gold, where gold is alloyed with silver, platinum and on occasion palladium. It is sometimes alloyed with iridium for hardening.
Majestic Gold Corp. (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares ("Shares") of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
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Global Hunter (GBLHF)
Global Hunter's focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
La Corona de Cobre, Chile:
+18,000 hectare land package in coastal belt of Andean Cordillera of Chile on the Atacama Fault Zone.("Chilean Iron-Copper Belt")
Project Highlights
- Copper oxide deposit, leachable
- Existing NI 43-101 Resource Estimate (225 million pounds of copper)
- Management with proven track record
- Highly qualified technical team
- Low operating costs of appr. $ 1.00/lb (preliminary calculation)
- Substatntial upside potential (resource covers less than 0.1% of total area)
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October 19th, 2011 at 01:42 pm