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 > 3 rigs

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Comment by Ridgebackon Aug 10, 2020 1:52pm

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Post# 31388442

RE:3 rigs

The number of rigs running are OK by me. Drilling 1 hole every 1.5 days so expect assays every 3-4 weeks. Drilling goes on until season ends so lots of time to test new exploration sites. Hopefully more good holes then barren ones.

Looks like a buying opportunity as just assays won't drive the share price very much in my view. As for takeovers unlikely given the number or events scheduled. Overall a good informative presentation for a great project. They have assembled a good team now lets see how they deliver?

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