Marathon Gold Corp MGDPF

Primary Symbol: 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 > Updated FS

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Comment by Angelique01on Sep 15, 2022 9:22am

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Post# 34964005

RE:RE:Updated FS

metalhead666 wrote: To your point...If management had a clue they would have waited until the revised (and expected to be materially better) feasibility study comes out and then look towards equity financing with a higher share price instead of folding to a predatory bank.

Yes timing and sequencing of the events don't make sense. Only thing I can think of is that it would mean another 4 month delay to project had they waited till after updated FS to do equity financing. A bird in the hand is worth two in the bush.

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