Marathon Gold Corporation Mining News - The Northern Miner

Perspective Newsletter Issue 31 - PearTree

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Why Invest The proposed Valentine Gold Job is an open-pit mining and conventional milling operation over a twelve-year mine life with a 36% after-tax rate of return. With  Did you see this?  and Board of Directors, Marathon is committed to the financing, development, and safe operation of the Valentine Gold Project.

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TORONTO, Nov. 09, 2020 (GLOBE NEWSWIRE)-- Marathon Gold Corporation (" Marathon" or the "Company"; TSX: MOZ) today reveals its financial outcomes for the 3rd quarter ending September 30, 2020 and offers an upgrade on the Company's activities at the Valentine Gold Task (the "Project") in main Newfoundland. On September 29, 2020, filed the Environmental Effect Declaration (" EIS") for the Valentine Gold Project.

As a result, the EIS has now been accepted into the official federal and provincial technical review procedures; Continued Marathon's effective drill exploration program within the 6 kilometre Sprite Passage at the Project. The Sprite Corridor consists of the brand-new Berry Zone where numerous intercepts of substantial "Main Zone" type gold mineralization have now been reported; On August 24, 2020, revealed an extra 8,000 metres of in-fill drilling at the Berry Zone, bringing the total allocated 2020 expedition drill program to 52,000 metres.

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Through September 30, 2020, finished 33,637 metres of expedition drilling at the Task comprising 20,400 metres in the Sprite Corridor consisting of Berry, 2,260 metres at the Narrows possibility located northeast of the Marathon Deposit, and 10,977 metres in Footwall Areas 1 & 2 situated south of the Valentine Lake Shear Zone; Completed a series of geotechnical, hydrogeological and metallurgical bridging activities in anticipation of the beginning of the Task Expediency Research Study (" FS"), which was announced on August 20, 2020; Significantly increased its group strength with the appointment of Mr.

Paolo Toscano as VP, Projects; Continued the Company's neighborhood and stakeholder engagement conferences in the main area of Newfoundland, and revealed a series of investments in regional advancement tasks along with financial assistance for specific COVID-19 response efforts focussed on food security, supplying assistance for vulnerable populations, and local service organisations; and, Marathon closed the quarter with cash and money equivalents of $50.