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Marathon Gold Corp 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 Nov 29, 2017 12:36pm
88 Views
Post# 27055465

RE:RE:RE:RE:Unofficial Players List

RE:RE:RE:RE:Unofficial Players List

I know there are impatient investors out there that have a very short attention span, and need to be fed news releases on a regular basis.  But it costs real $ to do resource estimates and PEAs and such. I have never understood why a company would commission a resource estimate in the middle of a drill program.  Obviously the resource estimate will have to be updated at the end of the drill program, so why waste $ putting out an estimate that will be obsolete shortly after it is published?  The only reason I can see is the need to feed news to those impatient investors.

 

Me, I'm patient.  I'd rather see my $ used to advance the project.  I have no problem with delaying a resource estimate to incorporate current drill results, even to the end of the drill program, if necessary.

Bullboard Posts