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.

TSX:MOZ - Post by User

Marathon Gold Corp > Assasys & oz questions

<< Previous

Bullboard Posts

Next >>

Comment by zack50on Jan 12, 2023 10:26am

170 Views

Post# 35218289

RE:Assasys & oz questions

Inthepeg wrote: 1) re assasys Does anyone know how much we are still waiting on. Standard line from MOZ is the backlog at assay office.
2) is concern about further dilution justified with Manson negotiating with Sprott to increase loan.
3) FS has moz at approx 3 million P&P is there an additional 3 million M & I and I.

Q1: Todays press release (01/12/23) will have answered this for you.

Q2: MOZ is in talks with SRC to potentially increase a US$185M term loan facility completed back in March/22, to advance the VG project. Terms covered by the date extension... 12/31/22 - 01/31/23 ... include the effective date of the second advance, the period under w the initial interest amount will be calculated, the date upon which the facility will bear interest and the effective date of mutual termination rightrs.

Q3: The 12/22 updated FS indicated the following: Proven MR of 1.4Moz and Probable MR of 1.27Moz for a Total P&P of 2.7Moz, or ~3Moz, as per your staement.
The FS also indicates a Total Measured MR (inclusive of the Mineral Reserves) of 2.06Moz with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.9Moz for a Total M&I of 3.96Moz. Additionally, Inferred Mineral Resources are indicated to be 1.1Moz.

Cheers!

<< Previous

Bullboard Posts

Next >>

Eminent acquires promising Nevada gold project