Majestic Gold Corp. First Quarter Gold Production VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2013) - Majestic Gold Corp. (TSX VENTURE:MJS)(FRANKFURT:A0BK1D) ("Majestic" or the "Company") is pleased to announce preliminary gold production results from the Song Jiagou gold mine for the first quarter of its 2013 financial year, ended December 31, 2012.
2013 First Quarter Highlights
................................Oct 2012 Nov 2012 Dec 2012 Total First Quarter Tonnes of ore milled 137,574 151,908 167,005 456,487 Tonnes per day milled 4,438 5,064 5,387 4,962 Effective head grade (g/t)* 0.38 0.38 0.37 0.38 Gold produced in concentrate (oz) 1,464 1,633 1,716 4,813 Recovery 87% 87% 87% 87% * Effective head grade is the net real grade of the mill throughput and is calculated by taking the sum of gold in concentrate plus gold lost to tails and dividing by tonnes milled.
"We are very pleased with the gold production results in the first quarter," stated Rod Husband, President of Majestic Gold Corp. "The increase in production from October to December reflects our efforts to improve operations and we look forward to continued progress in production through the remainder of the year." |