Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Ridgebackon Jul 06, 2022 2:57pm
120 Views
Post# 34805979

Northern Miner

Northern Miner

Marathon Gold (TSX: MOZ) has increased the mineral resource estimates for its Valentine gold project in central Newfoundland, the largest undeveloped bullion project in Atlantic Canada.

The Toronto-based miner said that total measured and indicated mineral resources now stand at four million ounces (64.6 million tonnes at 1.90 grams gold per tonne), a 26% growth in ounces and over 10% increase in grade compared to Marathon’s previous estimate.

The new figures incorporate roughly 100,000 metres of drilling completed at the Berry deposit and the results of a 2021 reverse circulation drill program completed at the Marathon and Leprechaun deposits, the company said.O

“This updated mineral resource estimate is the largest in quantity, the highest in grade, and the best in quality that has ever been produced for the Valentine Gold project,” CEO Matt Mansion said.

Growth in Total Measured and Indicated Mineral Resources, Valentine Gold Project, 2017-2022 (Millions of ounces Au). Courtesy of Marathon Gold.

 

The executive noted the new estimates incorporate two years of exploration drilling at the Berry deposit, which is now confirmed to be comparable in scale and gold content to the nearby Leprechaun deposit.

Berry is adjacent to the proposed site of the gold mill for the project, which Marathon plans to develop as a conventional truck and shovel open pit with a previously estimated average annual production of 173,000 ounces gold per year for the first nine years of operation.

Marathon said it would complete in the fourth quarter a new National Instrument 43-101 technical report, which will constitute an updated feasibility study for Valentine.

The company awarded in May key contracts for the project, including a letter of intent with SNC-Lavalin for detailed engineering for the mill and major facilities.

<< Previous
Bullboard Posts
Next >>