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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

Bullboard Posts
Comment by Cousin_Gerton Mar 15, 2012 8:46am
160 Views
Post# 19672781

RE: While we are waiting for 43-101 V.L.

RE: While we are waiting for 43-101 V.L.

RB...your comments are confusing...first you said 985K M&I OZ's....now you say... ".... it won't be hard to double what they have reported."

What they reported before was 277k OZ M&I...so a double there would be 554K OZ...this is a long way from the 985K you first suggested which is around 3.5 times the original 277k amount(inferred before did also add 285K for a 562k total but I believe at this point you are talking only M&I; right?)

I say that is impossible from the 2011 program to get to your 985K M&I number, however with more deep drilling at LPond in 2012 and more extensions to the SW and NE(40,000m drilling now going on) there is little doubt in my mind that the 985k you are suggesting will at a later date( a year or so) become a reality. I am still expecting all of VLake to top 3MM OZ in time(re:excellent Abitibi type geological potential over 25km's or so), but to suggest that the M&I at this point will be 985k I do believe is very very excessive...C.Gert

Bullboard Posts