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Majestic Gold eyeing 4 Chinese projects

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Majestic Gold eyeing 4 Chinese projects

Majestic Gold Corp. subsidiary Majestic China Holdings Corp. entered into three nonbinding memorandums of understanding to exclusively carry out due diligence over 12 months with a view to acquiring or forming joint ventures on four gold projects in the Muping-Rushan gold belt in China's Shandong province.

The projects are near Majestic's Songjiagou gold mine and comprise Yantai Baiheng Gold Mine Co. Ltd.'s Xia Yu Cun and Shuang Shan Tun projects, Moshan Fanda Mining Co. Ltd.'s Moshan property, and Weihai Jiaxing Mining Co. Ltd.'s Waizhuang property.

The company achieved full production at Songjiagou in September.