Marathon Gold Corp 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 > Comments from a Gold Silver Expert

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Comment by AlwaysLong683on Nov 28, 2023 5:48pm

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Post# 35757392

RE:RE:RE:RE:RE:RE:Comments from a Gold Silver Expert

As mentioned in a previous post of mine, Manson all but admitted they were going to have do another equity raise in MOZ's PR dated Nov. 13 announcing the deal:

"Through this Transaction, Valentine will be fully funded to production without additional debt, royalties, or shareholder equity. The combined company will have three high quality, cash flowing gold assets, a strong balance sheet, and leadership with proven credentials in value creation..."

I'm sure CXB is happy with the deal given their rather large exposure to Nicaragua. The latest company to get bitten re. political risk is First Quantum..

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Osisko Development receives permits for Cariboo Gold Project