RE:RE:RE:Still no documents.... Most likely Xmas delays in the mailing and no doubt a big task to get all the info for brokers to disseminate. Nothing for me just yet.
Speaking of delays how about timing those exploration activities? Been awhile since we had some assays.Those new assays won't be out until after the Wall-Mart MOZ sale closes and not until spring of 2024.
That should give CXB a nice bounce assuming the assays are as golden as in past reporting?
Just for the record.
Early 2023
Exploration Activity As mine construction moves forward, Marathon intends to maintain a focus on exploration based on the following two priorities: (1) delivering more ounces of mineable gold mineralization within the scope of the existing 3-pit mine plan, and (2) making new discoveries leading to new Mineral Resources on the Valentine property outside the scope of the current mine plan. Marathon’s 2023-2024 exploration program will primarily be focused in the following key areas: • Completion of a 70,000 metre RC drill program (20,000 metres in 2023 and 50,000 metres in 2024) at the Leprechaun, Marathon and Berry Deposits, with the objective of developing a grade control model to support early mine production reconciliation and forecasting, and building on the positive experiences of the 2021 RC drill program;
• Completion of a discovery-oriented prospecting program at the new Eastern Arm and Western Peninsula areas, with a view to establishing potential trenching and or drill targets for new mineralized deposits; 13 • Completion of up to 11,000 metres of drilling in the Frank Zone to better understand its potential to provide additional near-mill ore supply;
• Updating the geological and mineralization models for the Berry Deposit integrating 2022 drill results, including drill results still outstanding, with a focus on new mineralization potential within the current mining pit shell; and • Updating the geological and mineralization models for the Victory Deposit integrating 2021-2022 drill results, including drill results still outstanding, with the objective of expanding the mineral resource potential of Victory beyond its current estimate.
What did happen according to the Management discussion.
EXPLORATION ACTIVITIES During the third quarter of 2023, the Company completed its prospecting program in the new Eastern Arm area of the Company’s 240 km² land package. The exploration team continued to make strong progress during the quarter, opening numerous trenches, and collecting grab and till samples from various prospective locations in the area, significantly improving the geological understanding of the area and further identifying other areas of interest.
During the third quarter of 2023 the Company commenced its 70,000 metres Reverse Circulation (“RC”) drill program at the Leprechaun and Marathon Deposits, with the objective of developing a grade control model to support early mine production reconciliation and forecasting and building on the positive experiences of the 2021 RC drill program. It is expected that approximately 14,000 metres of this program will be completed in 2023 and the balance in 2024. Subsequent to the end of the third quarter of 2023, the Company commenced a diamond drill program of up to 11,000 metres at the Frank Zone, located approximately 1 km west of the Leprechaun Deposit.
Lots of news to uplift CXB and recover some value.