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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 zack50on Sep 12, 2022 1:58pm
123 Views
Post# 34957231

NB is neutral on Marathon Gold's latest drilling results...

NB is neutral on Marathon Gold's latest drilling results...

10:08 AM EDT, 09/12/2022 (MT Newswires) -- National Bank of Canada said Monday that it ascribed a neutral bias on Marathon Gold Corp. (MOZ.TO)'s latest assays from its infill drill program at the Berry project.

The bank said the results were incremental addition to the drill database and while the average grades were in line in its database.

National Bank computed the drill results' average at 2.4 g/t gold over 2.4 meters, compared to its database of 2.4 g/t gold over 3.5 meters.

Highlight intercepts include 6.9 g/t over 12.0 meters, 18.5 g/t over 4.3 meters and 10.9 g/t over 5.4 meters.

National Bank maintained Marathon's outperform rating and $2.50 price target.

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