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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
Post by RockLobster1on Aug 21, 2016 11:14pm
152 Views
Post# 25162960

canaccord comments

canaccord comments
Marathon Gold* (MOZ : TSX : $0.77), Net Change: -0.02, % Change: -2.53%, Volume: 677,335 PEOPLE WHO KNOW NEWFIES KNOWS B’Y. PEOPLE WHO DON’T, DON’T. Y’KNOW? Marathon Gold, which is advancing its wholly owned Valentine gold project in central Newfoundland where summer exploration includes expansion, follow-up and step-out drilling recently released drill results. One infill hole, MA-15-039 targeted deeper levels and continued to intersect high-grade mineralization toward the lower boundary of the pit shell. Marathon remains open along strike and at depth, while mineralization has been outlined along a 1.7km-long corridor to date. The company also provided an update on the second phase of metallurgical testing. With the financial support of the Provincial Government, the company is testing materials’ amenability to heap leaching. Column tests recently reached the targeted 90-day mark but continued to liberate gold. As such, the company will continue monitoring these tests until gold liberation has ceased. The Valentine project currently hosts M+I resources of 920 Koz (open pit) and ~140 Koz (underground) with the bulk (83%) of this mineralization occurring at the Leprechaun deposit. Canaccord Genuity Precious Metals Analyst Eric Zaunscherb says there is a likelihood of higher grade shoots amenable to underground mining throughout the project. While he does not currently model underground resources, he says he is encouraged by results such as those released recently and management’s decision to further explore at depth.
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