Majestic Gold Corp. engages in the exploration and development of mineral properties in China. Majestic Gold Corp 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.
Compared to other countries, China's resource sector is relatively underdeveloped. Historical lacks of investment capital and new technologies have prevented many of its quality properties from being fully explored or developed. China is now establishing an open policy to encourage foreign investment in gold exploration and mining.
An important use of gold is in technology. Gold, being a good conductor of electricity, is used in electronic devices, including in cell phones and GPS (Global Positioning System) devices. Similarly, gold is used in computer memory chips after being coated with electrodes.