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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 Dec 17, 2019 6:17pm
93 Views
Post# 30466046

RE:I consider the news not bad actually!

RE:I consider the news not bad actually!

tarsands wrote: Because we have NO I repeat we have NO proven resources or reserves as of YET!!!! But with the 10- 15 metres of spacing of drilling in some of the most highly or significantly mineralized areas that is close enough drilling too move some of the reserves too proven is it not? 


No, it won't give us proven reserves.  No matter how close the holes are, they can only give resources until there is at least a PFS showing that recovery is economically viable.  At that point Measured and Indicated resources become Proven and Probable reserves, respectively. 

A lot of the recent drilling has been intended to move Inferred resources into the Measured and Indicated categories precicely so the PFS can then convert them to P&P reserves.

Bullboard Posts