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.