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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 DaveinNL8on Nov 15, 2022 2:30pm
226 Views
Post# 35100843

Some local news

Some local news

Work Underway to Prepare Marathon Gold Site Near Millertown

Work Underway to Prepare Marathon Gold Site Near Millertown

(Photo via Marathon Gold.)

Site preparation work is well underway on Marathon Gold‘s Valentine Lake gold mine near Millertown in central Nfld.

Marathon COO Tim Williams says approximately 110 people are cutting trees and clearing the site as well as replacing and expanding the damaged Victoria River bridge.

That work is expected to be completed this week. The company has also brought in 84 loads of Caterpillar mining equipment—which equates to 20 pieces of mining equipment because it takes several load beds to carry one truck.

The camp pad is being prepared and camp modules will be brought in to prepare the campsite and have it up and running by February or March. At that time the contractors will be brought in to begin work on the process plant.

First ore is expected to run through the processor about two years from now. Full production in phase one is expected by March 2025.


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