Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Aug 17, 2019 5:14pm
82 Views
Post# 30039992

RE:RE:Any opinions here......

RE:RE:Any opinions here......I can't figure out where you got that "old data" from.  It seems to me to be low by more than an order of magnitude compared to the ounces used in the PEA.  Also, while total ounces might increase with the grade going up, I really hope we don't see an increase in inferred ounces.  Inferred ounces should go down dramatically, as they are converted to measured and indicated.  That was the main purpose of the current drill program.  By converting inferred ounces to M&I, both the amount of ore and the strip ratio improve, because inferred is treated as waste rock in a PFS (although it is counted as ore in a PEA).

But you are absolutely correct that it won't be long before we know.  After hanging around here for years, a couple more months won't try my patience.
Bullboard Posts