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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 Ridgebackon Feb 13, 2021 9:21am
246 Views
Post# 32561251

Newfoundland and Labrador is under lockdown

Newfoundland and Labrador is under lockdown
Newfoundland and Labrador is under lockdown, and Saturday's provincial election will continue with only mail-in voting, officials said Friday, as the province battles the B117 variant of the coronavirus.
 
In an emergency briefing Friday evening — the second time officials addressed the province in one day — Dr. Janice Fitzgerald, the chief medical officer of health, said tests had confirmed the widespread presence of B117  for the first time.
 
The "variant of concern" is responsible for this week's mass outbreak in the capital.
 
Confirmation of the variant's arrival prompted lockdown measures across the province Friday and has suspended in-person voting in the election, delaying the ballot count by at least two weeks. 
 
B117 was first discovered in the United Kingdom. It's believed to be more contagious than the original coronavirus strain.
 
"We know that if not controlled, it becomes a predominant strain within weeks of first appearance," Fitzgerald said. "This is concerning and serious. But we have the ability to overcome it."
 
Effective immediately, the entire province is at Alert Level 5, with all but essential businesses closed, Fitzgerald announced.
 
The decision expands previous measures implemented in the St. John's area this week, returning Newfoundland and Labrador to the same rules it followed for weeks last spring.
 
 
COVID-19 testing has spiked this week as Newfoundland and Labrador reports record daily cases. (Submitted by Lisa Warren)
Nine more cases have been added to the active total since the afternoon briefing, Fitzgerald said. Many of them are teenagers with mild or no symptoms.
 
There are now 269 active cases in the province, with 253 of them reported in the past five days. 
 
The outbreak has come as a rude awakening for a province that regularly reported active total caseloads in the single digits, and over the summer survived a 42-day stretch without a single active infection.
 
Most cases, until now, have been linked to travel outside the province.
 
The province had 390 total cases of COVID-19 in all of 2020.    
 
Level 5 rules
Fitzgerald said the discovery of the variant answered questions she had about the speed and scope of the virus's spread. Other provinces are battling the mutation, with experts in Ontario warning B117 could become the dominant strain there before April.
 
Due to the variant's contagious nature, Fitzgerald said the speed of isolation measures is critical to contain it.
 
Residents are now expected to remain inside their own homes as much as possible and restrict gatherings to no more than five people.
 
All non-essential businesses and facilities, including playgrounds, gyms, salons, cinemas, restaurants, bars, private health-care clinics, and retail stores that do not provide the essentials of life, are now closed.
 
Elective surgery and non-emergent medical treatments are also suspended.
 
Watch the Government of Newfoundland and Labrador briefing:
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