Majestic Gold Corp. is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine.
As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.
Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
The most significant changes from the previous estimate are:
- Increase in Indicated tonnes by 35.34% to 33,739,586 tonnes
- Increase in Indicated contained gold by 24.09% to 1,244,211 ounces
- Increase in Inferred tonnes by 37.96% to 38,812,054 tonnes
- Increase in Inferred contained gold by 7.48% to 1,830,576 ounces
The increase in the size of the resource from 53 to 72.5 million tonnes will very significantly reduce the strip ratios to be used as Majestic continues its engineering studies on the Song Jiagou mine. Wardrop will move forward now to re-evaluate a production pit design.
Majestic continues to work with Wardrop and its sister company, Tetra Tech (Beijing) Consultancy Company Limited, (both subsidiaries of Terta Tech Inc.) to complete a Preliminary Economic Assessment, concurrent with the required Chinese Geological and Engineering studies required to apply for increased production levels at Song Jiagou. The results of these studies will ultimately culminate in a Pre-feasibility report.
The geological and technical information contained in this news release has been reviewed and approved by Greg Mosher, P. Eng, of Wardrop Engineering, and Mike Hibbitts, P.Geo., who are qualified persons under the definitions established by National Instrument 43- 101.
Majestic Gold Corp. is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and development company with a very advanced gold deposit in Shandong province of China. On April 23, 2010, Majestic released an updated NI 43-101- compliant, indicated and inferred gold resource estimate on its Song Jiagou property. At present, Majestic is aggressively pursuing a pre-feasibility study. A recently announced agreement will increase Majestic's effective ownership from 54 to 94 % and has allowed the property to commence production at an initial rate of 1,400 tpd. With a contract that fixes operating costs and allows use of land and equipment, Majestic anticipates to have a positive cash flow, within a matter of months.
To learn more about Majestic visit: http://www.majesticgold.net
MTS Systems Corp. (Nasdaq:MTSC) reported on November 18, 2010 fiscal 2010 fourth quarter and fiscal year financial results."We are pleased with MTS' fourth quarter improvement in orders, backlog, revenue and earnings compared with third quarter," said Laura B. Hamilton, chief executive officer and chair. Both businesses performed very well. During the period, MTS benefited from a number of factors including solid execution, improved order levels and favorable business mix in Test and continued outstanding performance in Sensors.
MTS Systems Corporation supplies testing systems and industrial position sensors in North America, Europe, and Asia. It operates in two segments, Test and Sensors. The Test segment provides testing solutions, including hardware, software, and aftermarket support.~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
KLA-Tencor Corporation. (Nasdaq:KLAC) the world's leading supplier of process control and yield management solutions for the semiconductor and related industries, announced on November 23, 2010 that the company will provide a live audio webcast of its investor presentation at the Credit Suisse 2010 Annual Technology Conference on Wednesday, December 1, 2010 at 12:45 p.m. Pacific Standard Time. The live webcast will be available on the Investor Relations page of KLA-Tencor's website and a replay of the webcast will remain available on KLA-Tencor's Investor Relations web page for 90 days following the webcast.
KLA-Tencor Corporation provides process control and yield management solutions for the semiconductor manufacturing and related microelectronics industries. It offers equipment comprising patterned and unpatented wafer inspection, defect review, and classification; reticle defect inspection; packaging and interconnect inspection; critical dimension metrology; pattern overlay metrology; film thickness, surface topography, and composition measurement; measurement of in-chamber process conditions, wafer shape, and stress metrology; computational lithography tools; and yield and fab-wide data management and analysis solutions.
Analogic Corporation (Nasdaq:ALOG) announced on November 23, 2010 expanded capabilities for its recently introduced Flex Focus(NYSE:TM) 700 ultrasound system and BK Power Pack, to address the breadth of radiology applications in addition to interventional radiology procedures. The Flex Focus 700 and the new BK Power Pack will be showcased at the 96th annual meeting of the Radiological Society of North America (RSNA), Nov. 28 -- Dec. 2, 2010 (Booth #7128). "It is our goal to continue to offer physicians new applications and technological advancements that not only expand the use of ultrasound, but significantly improve the delivery of care to patients in an environment that is safe and efficient," said Michael Brock, president of BK Medical. "The new Flex Focus 700 is extremely mobile, with up to four hours of cordless imaging.
Analogic Corporation operates as a signal- and image-processing company that designs and manufactures medical imaging, and security systems and subsystems to original equipment manufacturers (OEMs) and end users in the healthcare and homeland security markets.
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