Majestic Gold Corp. (MJGCF.PK)
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 called a noble metal because it resists reacting with stuff. But it can be "convinced" to react, and it forms numerous compounds. It's oxidation states range from -1 to +5, with +1 and +3, Au(I) and Au(III), far and away the most common. Gold will dissolve in mercury, but creates an amalgam rather than react with it to create a compound. Aurum (gold) resists most acids, though aqua regia (a 3:1 mix of concentrated hydrochloric and nitric acids) will attack gold, as will cyanide. In the unusual -1 state, gold will form compounds like CsAu (cesium auride). It will hook up with the most reactive of the Group 1 and Group 2 elements, the Alkali and Alkaline Earth elements. That's just the opposite of the Group 17 elements, the halogens (fluorine, chlorine, etc.), who's reactivity increases as you go up the column. Speaking of the halogens, the Group 17 elements, will react with gold (Au), and auric fluoride (gold fluoride, AuFl) and auric chloride (gold chloride, AuCl) would be examples. Gold will form compounds in its +1 oxidation state with other ions, and it will also similarly form a number of compounds in the +3 oxidation state.

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.



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