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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 TaylorDart01on Dec 18, 2019 4:21pm
111 Views
Post# 30470030

RE:RE:RE:RE:Sprite Proximity To Mill

RE:RE:RE:RE:Sprite Proximity To MillHi Mud,

Yes, I don't expect them to move the mill to cater to a few hundred thousand ounces potentially at Sprite. My point was that anything found at Sprite, and east Sprite (Target 5/ Target 6) is gravy as it's likely going to be sitting within a couple kilometers of mill. Therefore, added ounces at Sprite, T5, T6 are more attractive than added ounces at Leprechaun as they're closer to mine plan (which will cater to being close to Marathon - the biggest deposit). The further out east they can drill and find potential deposits, the better. 

Most companies are lucky to make discoveries 7-10 kilometers from mill, this is about as close as you can get. Sprite was close, Sprite East (T5, T6) is extremely close. I would anticipate mine layout being similar as heap-leach is likely long-term plan, so makes sense to leave room for it between the three deposits. 
Bullboard Posts