Marathon Gold Corp MGDPF

Primary Symbol: T.MOZ

Metals & Mining Gold

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.

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Marathon Gold Corp

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Comment by Cousin_Gerton Apr 03, 2012 6:40am

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Post# 19751695

RE: Marathon CEO Phillip Walford on Newfoundland J

Thanks CH80 for the link to the whole story....here are a couple more quotes from PW...

"We want to get an open-pit resource out at the end of this drilling season. We’re drilling about 40,000 metres, so we’ll have a lot of information to put into the model. The drill program is underway, and there are three drills turning right now"

“We’re doing everything just as we did with Marathon PGM. We’re doing everything to go into production. That’s our focus, and we’re not straying from that.” He adds, “We’ve got enough cash on Valentine to finish the drilling season, so we’re not too worried about that".

"If you put $100 an ounce on [our resource], we’re grossly undervalued. And we’ve got about $8 million in cash. But right now everybody is undervalued. It’s just the market—Phillip"

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C.Gert

Bullboard Posts

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