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Marathon Gold Corp MGDPF


Primary Symbol: T.MOZ

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.


TSX:MOZ - Post by User

Comment by babybelugaon Sep 18, 2020 1:18am
135 Views
Post# 31579523

RE:RE:RE:RE:Moz vs Skeena

RE:RE:RE:RE:Moz vs SkeenaI'm not 95BC I'll at least put my thoughts out there.  

Short answer is that they didn't see continuation of "Main Zone" mineralization beyond those points.

Off to the western side the 3 holes closest to 13300E were all essentially empty.  Maybe during drilling out the resource they drop a vertical hole or two near 13300 and hit some thing worth expanding the red box for but they don't have any reason to expect that currently.  

To the east and out past 13800E most of the holes weren't great.  Mainly short low grade intecepts which would imply that they are not seeing "Main Zone" mineralization there either.  That being said 839 and 842 showed there is some gold out in those areas so perhaps if a conceptual pit from the Berry Zone red box area was already doing most of the stripping near those holes it might be worth chasing for a bit more mineralization.  The gap between the fault and the mafic dyke is thin enough they could pretty easily test that more thouroughly.  If fact they might do that but didn't want to send the market the signal that it would be part of the resource and then dissappoint.  Better to keep it under the exploration heading where it could suprise to the upside.
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