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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 Ridgebackon Aug 26, 2022 9:13am
176 Views
Post# 34922016

National Bank

National Bank

10:58 AM EDT, 08/25/2022 (MT Newswires) -- National Bank of Canada noted Thursday the positive decision statement issued by Canada's Minister of Environment and Climate Change over Marathon Gold Corp. (MOZ.TO)'s project.

The project has now been fully released from both the federal and provincial environmental assessment process, the bank said.

The company should now be focused on project development. An updated feasibility study is expected by yearend, according to National Bank.

The bank maintained Marathon's outperform rating and $2.50 price target, reflecting the potential of the project, the company's compelling organic opportunity and  M&A appeal.

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