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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 MudCreekeron Feb 21, 2017 11:57am
176 Views
Post# 25872129

RE:RE:Funny the beat down the day before

RE:RE:Funny the beat down the day before

There was a lot of talk about 2 million ounces, and the estimate comes in at 1.4 million  M&I.  Looks like Mr. Market was not impressed.

 

OTOH, there's that .7 million inferrred.  In the past these guys have drilled the resource enough to get almost all of it M&I.  This time they sped up the schedule on an estimate, while the drilling campaign was ongoing, and one result of that is that a significant chunk of the resource still falls in the inferrred category, which Mr. Market tends to ignore.  Inferred ounces generally are not included in a PEA.

 

The gold is there.  I expect that the ongoing drilling will convert all that Inferred to Measured and Indicated, and add some ounces before the PEA is done.

Bullboard Posts