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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Post by templetooth2on Jan 26, 2023 1:32pm

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Post# 35248197

Unbelievable

Just thought I'd pass along this wonderful little snippet from Scotia this morning:

After factoring in the credit facility increase, assuming that the lease facility of US$81M is used, we estimate a further ~C$50M will be required to fund the remaining project development and working capital investment.

I haven't looked at this in the last few months, but I find it hilarious that after the worst fundraising exercise I can recall, these idiots STILL need another $50 mil.

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