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

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Post by NLMooseon Jun 08, 2023 10:09am

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Post# 35486317

Marathon Gold Is Now Selling out to Franco Nevada

Today is not a good day for Marathon Gold as the company's loses more control over its royalties to an Ontarian based company like Franco Nevada.

The result is that Marathon will lose more and more revenue from Valentine Lake as Franco Nevada will gain more control over the royalties and company.

A bad move that will hurt all Marathon Gold investors.

Time for Matt Manson to get the boot as punishment for taking our gold royalties and revenue away and shifting it to Franco Nevada.

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