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 MudCreekeron Apr 02, 2018 11:03pm

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Post# 27818392

RE:RE:Why pay to eliminate a base metal royalty?

They had to buy the base metal royalty back in order to get the gold royalty. The owner of that royalty had struck a deal with a third party to sell the royalty package. Marathon had a right of first refusal, so they had a one-time decision to make - let the deal go through or match the deal. They chose to match the deal.

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