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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

Post by KozmoTon Feb 02, 2021 12:28pm
154 Views
Post# 32447512

Its only gonna get better ...

Its only gonna get better ..."The Berry mineral resource estimate is expected to be completed prior to the end of the first quarter of this year.

In addition to today’s drill results, Marathon reports that the Company’s Board of Directors has approved a 2021 Exploration Program comprising 52,000 metres of drilling at a budget of C$10.5 million. These expenditures will be fully funded from existing cash resources. The 2021 Exploration Program will include:

  • Up to 30,000 metres at the Berry Zone designed to increase drill density over the full 1.5 kilometres of mineralization delineated in 2020;
  • Up to 8,000 metres at both the Sprite and Victory Deposits, with a view to potential resource expansion at each of these areas of historical exploration; and
  • Up to 6,000 metres dedicated to grassroots projects focussed on new discovery. ...."
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