Marathon Gold Corp 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

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Post by Ridgebackon Jun 15, 2022 11:41am

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Post# 34758217

Scotia Update

11:18 AM EDT, 06/15/2022 (MT Newswires) -- Scotiabank on Wednesday reiterated its sector-outperform rating on the shares of Marathon Gold (MOZ.TO) with a C$3.50 price target after the company released assay results from the Berry and Victory deposits on its Valentine gold project in Newfoundland.

"Positive. Marathon Gold has announced its latest assay results from the first 15 diamond drill holes at the Berry Deposit and an additional five holes from the Victory deposit," analyst Ovais Habib noted. "Key intercepts at Berry include 8.68 g/t Au over 16m (including 20.55 g/t Au over 6m), 1.56 g/t Au over 40m (including 12.67 g/t Au over 1m), 3.86 g/t Au over 13m (including 21.33 g/t Au over 1m), 25.25 g/t Au over 2m and 1.97 g/t Au over 14m (including 13.06 g/t Au over 1m), and 2.58 g/t Au over 13m (including 12.74 g/t Au over 1m).

Key intercepts at Victory include 3.85 g/t Au over 17m (including 45.55 g/t Au over 1m).

These results are from the first drill holes completed during the 2022 exploration program and will not be included in the next Mineral Resource update (expected shortly).

Overall we view the announcement positively as Marathon continues to intercept high-grade mineralization and the results support further potential for more discovery in unexplored areas of the Valentine Lake property. We look forward to additional updates from ongoing exploration."