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Marathon Gold Corp 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 95Bearcaton May 18, 2021 8:46am
142 Views
Post# 33220771

Results

ResultsWow, this is great validation of the resource estimate. When you see the color version of the release and look at section 13540, you can see what is being proven up. The new holes drilled straight down the ore body show the huge intersections buthe the key hole to me is 953 drilled previously and on its own is not spectacular. However, one of our greatest costs is our high stripping ratio and 953 shows what I consider impressive gold intercepts all the way through the hanging wall. This is very important and hopefully, there will be many such holes. Five million for sure!
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