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 > Is Gold On A Brink Of Collapse

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Post by NLMooseon Jul 06, 2022 3:04pm

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Post# 34806008

Is Gold On A Brink Of Collapse

Earlier this year, due to hyperinflation, supply issues, stagflation, and the Russo Ukrainian War, the future was looking bright for gold as it was projected to go up to $2,200 to $2,500 US per ounce.

However, with Gold future plunging considerabye in spite fundamentals working in its favour, including the Russo Ukrainian War, looks like the commodity is tethering on a brink of collapse as it heads below $1,700 US per ounce.

In the past, most wars usually result in higher Gold futures, but not this time.

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