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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 Oct 30, 2021 8:52am
224 Views
Post# 34067454

Autumn News Letter Is Out

Autumn News Letter Is Out

The Fall Newsletter is online. https://marathon-gold.com/site/uploads/2021/10/Q3-Newsletter-vFinal.pdf

Here's an excerpt from the environmental studies in the News Letter.

Environment The Environmental Assessment process is continuing to advance.

Marathon submitted responses to comments issued by the NL Environmental Assessment Division following Environmental Assessment Committee (EAC) and public review of the Environmental Impact Statement (EIS) in early August.

Responses were also submitted to further Information Requirements (IRs) issued by the Impact Assessment Agency of Canada (IAAC) in September. Ecological and biological field programs continued for baseline surveys of bats, birds, caribou, fish and fish habitat, and rare plants.

New baseline work was initiated, including big game tissue sampling, creel (recreational fisheries) surveys, and historical resources. The Environment Team is working closely with engineering to develop the information required to advance key permit applications for early works construction activities anticipated to commence in early 2022.

Development of Marathon’s Environmental and Social Management System (ESMS) is well underway, including completion of scoping, templates for Environmental Management Plans, and functional and workflow processes. Work on preconstruction environmental management plans also continues, including the Environmental Protection Plan, Traffic Management Plan, ARD/ML Management Plan, and wildlife monitoring plans.

Marathon has become a Signatory of the International Cyanide Management Code; as such, Marathon commits to following the Cyanide Code’s Principles and implementing the Code’s Standards of Practice, including independent, third-party verification audits.
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My opinion is Marathon and company has done everything following the best possible guidelines, engineering plans and community involvement. My view is we are in a new environment where concerns regarding pollution ,air quality, wild life preservation and managing of resources are at the forefront. While this is a set back in time only, I do expect the mine plan will proceed once these additional concerns are addressed and revised to enhance the project and provide quality jobs. The same process will apply to all those new mining endeavors and I see Marathon as the class leader at the forefront of setting the standards for mine activities in Newfoundland. 

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