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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

Comment by babybelugaon Aug 16, 2023 8:23am
85 Views
Post# 35590533

RE:The Frank Zone

RE:The Frank ZoneThe deposits outside of the J Frank Zone also have silver in them.  Once it became clear that there was enough gold around and that gold was so much mor eimportant the company quit reporting silver values in press releases.

As I recall the silver grade is similar to the gold grade the real issue being that silver isn't worth much.  If you look through the recent 43-101s and even some of the presentations you will see a silver credit of around $10 applied to the cost of producing an ounce of gold.
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