Newfoundland and Labrador Hydro

Calibre’s Ore Control Drilling Intersects High-Grade Gold Outside of Reported Mineral Reserves Adding Additional Tonnes At The Valentine Gold Mine, Canada; Results Outside Mineral Reserves Include 46.53 g/t Gold Over 5.3 Metres and 17.16 g/t Gold Over 7.0

Retrieved on: 
Wednesday, February 14, 2024
Valentine, Inference, CXB, Leprechaun, TSX, Newfoundland and Labrador Hydro, Frank, Gold, Mineral Resources Limited, RC, Propane

The Valentine 14-year life of mine plan including the Leprechaun, Berry and Marathon open pits hosts Mineral Reserves (2022) of 51.6Mt grading 1.62 g/t gold containing 2.7 Moz1.

Key Points: 
  • The Valentine 14-year life of mine plan including the Leprechaun, Berry and Marathon open pits hosts Mineral Reserves (2022) of 51.6Mt grading 1.62 g/t gold containing 2.7 Moz1.
  • At Leprechaun, the Company completed 486 ore control RC drill holes totaling 9,168 metres, with the majority of the holes drilled on a 9 by 9 metre grid spacing.
  • Drilling identified previously unrecognized high-grade gold mineralization outside of Mineral Reserves which will lead to additional ore tonnes in the drilled area compared to the 2022 Valentine Feasibility Study.
  • The ore control drilling has also confirmed in-pit gold mineralization previously modelled as Inferred Mineral Resources adding ore tonnes which were not considered in the 2022 Valentine Feasibility Study.

Marathon Gold Provides Third Quarter 2023 Construction Report

Retrieved on: 
Monday, October 23, 2023
Decision, ROM, Project, Rehabilitation, Environment, SAG, MSE, Mining, Electricity, Marathon, Bed, Gold, TMF, News, Carbon, Grand Falls-Windsor, Impact Assessment Agency of Canada, Employment, Mechanical, IAAC, Newfoundland and Labrador Route 480, KV, Badger, Construction, Person, Impact Assessment Act and Canadian Energy Regulator Act, EA, Climate change, Season, TSX, Chachuna Managed Reserve, Female, MOZ, Structure, Leprechaun, Biophysical environment, National instrument, Senior, Newfoundland and Labrador Hydro, NL, Oil, CIL, Building material, Rare-earth element, Risk management, Dam, Renewable energy, Road, Geology, Engineering

TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”) for the quarter ended September 30, 2023.

Key Points: 
  • TORONTO, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”) for the quarter ended September 30, 2023.
  • Matt Manson, President and CEO, commented: “The summer construction season has seen rapid progress at the Valentine Gold Project.
  • During the third quarter, overburden removal and mining was transferred to the Marathon Pit due to its close proximity to the TMF.
  • The Project remains on schedule to achieve mill commissioning in the fourth quarter of 2024 and first gold in the first quarter of 2025.

Babcock & Wilcox Canada Corp. Awarded Nearly $11 Million Power Plant Maintenance Contract

Retrieved on: 
Wednesday, October 4, 2023
Machinery, Other Energy, Machine Tools, Metalworking & Metallurgy, Utilities, Oil, Gas, Coal, Sustainability, Alternative Energy, Energy, Environment, Green Technology, Engineering, Manufacturing, Holyrood Thermal Generating Station, Maintenance, BW, B&W, Boilermaker, Pipefitter, Trade, NYSE, Safety, Construction, Newfoundland and Labrador Hydro

Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSE: BW) announced today that its Canadian subsidiary, Babcock & Wilcox Canada Corp. (“B&W Canada”), has been awarded a multi-year utility plant maintenance contract from Newfoundland and Labrador Hydro for its Holyrood Thermal Generating Station in Newfoundland, Canada, valued at nearly $11 million with customer options for additional work.

Key Points: 
  • Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSE: BW) announced today that its Canadian subsidiary, Babcock & Wilcox Canada Corp. (“B&W Canada”), has been awarded a multi-year utility plant maintenance contract from Newfoundland and Labrador Hydro for its Holyrood Thermal Generating Station in Newfoundland, Canada, valued at nearly $11 million with customer options for additional work.
  • The company will manage and execute maintenance services for the 500-megawatt oil-fired power plant’s boilers and boiler auxiliary equipment, including annual standard maintenance as well as capital projects for the plant’s units over the next three years.
  • “We thank Newfoundland and Labrador Hydro for choosing B&W Canada to provide maintenance and support for their plant, which provides energy for thousands of residents in the region,” said Mike Hidas, Vice President and General Manager, B&W Canada.
  • “We look forward to working with the Boilermakers, Pipefitters and other union workers who will be employed over the duration of this contract.

ENERGY STAR® Canada Recognizes Leaders in Energy Efficiency

Retrieved on: 
Tuesday, September 26, 2023
The Home Depot, Cooling, Ministry of Energy and Natural Resources, STAR, JELD-WEN, Newfoundland Power, Certification, Organization, Climate change, Natural Resources, Government of Canada, Saint John, Oil, Renewable energy, Iron ore, Newfoundland and Labrador Hydro

The important work of ENERGY STAR Canada award recipients brings us one step closer to achieving Canada's low-carbon future.

Key Points: 
  • The important work of ENERGY STAR Canada award recipients brings us one step closer to achieving Canada's low-carbon future.
  • Through the ENERGY STAR Canada Awards, ENERGY STAR Canada recognizes contributions made by outstanding program participants in advancing energy efficiency across the nation.
  • Annually, this event honours energy efficiency leaders who have set the bar high for efficiency efforts.
  • The following businesses and organizations were recognized as ambassadors of energy efficiency and as examples of the value of investing in smart energy choices.

Announcing the winners of the E Source 2023 Utility Ad Awards Contest

Retrieved on: 
Friday, September 22, 2023
Database, Progressive, Advertising, Partnership, EV, Public utility, Marketing, Electric vehicle, Life, Energy, Tennessee Valley Authority, Newfoundland Power, Creativity, Empathy, Auction, Newfoundland and Labrador Hydro

BOULDER, Colo., Sept. 22, 2023 /PRNewswire/ -- E Source is pleased to announce the winners of the 15th annual Utility Ad Awards Contest. During a special session at the E Source Forum 2023, the winning utilities displayed their impressive results related to brand awareness, website traffic, and program participation. 

Key Points: 
  • BOULDER, Colo., Sept. 22, 2023 /PRNewswire/ -- E Source is pleased to announce the winners of the 15th annual Utility Ad Awards Contest .
  • "Congratulations to the outstanding winners of the 2023 Utility Ad Awards Contest," says Hailey Gish, senior product strategist of marketing and communications at E Source.
  • "This contest is meant to contribute to marketers' personal and professional growth, while also inspiring innovation and creativity in the utility industry.
  • Utilities and agencies submitted ads for the annual contest via E Source Energy AdVision , a robust database of utility marketing and advertising campaigns.

Marathon Gold Provides Inaugural Valentine Construction Progress Report

Retrieved on: 
Thursday, March 2, 2023
Quartz, D9, Victoria Dam, Building material, Maintenance, Star Lake, Canadian Environmental Assessment Act, 2012, D10, Progress, Impact Assessment Agency of Canada, National Building Code of Canada, Feasibility study, TMF, National instrument, Interior, Environmental issues, Marathon, NL, EA, Engineering, Rehabilitation, Ball, CAT, AISC, Construction, Leprechaun, MOZ, TSX, KV, Bed, Risk, HV, EIS, Environment, Climate change, Employment, News, ADR, Mining, FS, Newfoundland and Labrador Hydro, Person, Gold, Drainage, CAT D10, Female, Disability, Mine closure planning, Weather, Valentine, SAG, Environmental impact assessment, Carbon, Grand Falls-Windsor, CEAA, Life, Rare-earth element, Road, Uranium mining, Health insurance, Approval, Fishery, Project, Badger, Geology

TORONTO, March 02, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on construction progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”).

Key Points: 
  • TORONTO, March 02, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to provide an update on construction progress at its 100% owned Valentine Gold Project located in central Newfoundland (the “Project”).
  • Matt Manson, President and CEO, commented: “We are providing today the first of what will be quarterly progress reports on construction at the Valentine Gold Project.
  • We are particularly encouraged by the progress of our mining ramp-up as we produce construction materials from the Leprechaun pit.
  • Project construction costs incurred from November 1, 2022 to the end of January, 2023 were C$29M, with a further C$183M committed.

Marathon Gold Announces 2022 Third Quarter Results

Retrieved on: 
Wednesday, November 9, 2022
Grand Falls-Windsor, Wastewater, ADR, MRE, Person, EA, Newfoundland and Labrador Hydro, Water resources, Company, Program, Engineering, Evaluation, Feasibility study, Mining, Gold, NI, Marathon, Leprechaun, MOZ, News, Project, SNC-Lavalin, TSX, KV, Contract, Rehabilitation, SAG, Ministry of Oil and Mineral Reserves (Syria), Arm, Building material, Water, Soil, Maintenance, Growth, Data, Sewage, Income, Star Lake, Water Resources Act 1991, Resource management, Bed, Investment, Capital expenditure, National instrument, JCL, Renewable energy, Security (finance), Oil shale, Plumbing, Construction, Tunnel, Uranium, Nightclub, Technology, Corner Brook, Geology

The Commercial Cutting Permit for the Project site, associated with early works tree cutting operations, was obtained on June 9, 2022.

Key Points: 
  • The Commercial Cutting Permit for the Project site, associated with early works tree cutting operations, was obtained on June 9, 2022.
  • Integration of SNC-Lavalin and Progesys with the Marathon Team continued throughout the third quarter of 2022.
  • Drilling in the third quarter of 2022 continued to be focused on the Berry and Victory Deposits, and prospecting for new discovery.
  • Results from the 2022 exploration drilling program will continue to be released throughout the remainder of 2022 as assaying is completed.

Marathon Gold Mobilizes Early Works at Valentine Gold Project

Retrieved on: 
Wednesday, October 12, 2022
Environmental impact assessment, EA, M16, Program, Rehabilitation, Caterpillar, Environment, Association, CEO, Board of directors, Leprechaun, Valentine, Newfoundland and Labrador Route 480, Bed, D10, Person, Access, Epiroc, Company, JCL, KV, GLOBE, Maintenance, D9, Government, Fishery, Marathon, MOZ, TSX, Newfoundland and Labrador Hydro, Canada, NL, Star Lake, EAS, Cabinet, D65, Feasibility study, Climate change, Mining, Maintenance (technical), Project, Building material, Gold, Letter, Oil, Construction, Rail freight transport, Triton, Safety, Technology, Badger, Diocese of Central Newfoundland, Corner Brook

TORONTO, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to announce that it has commenced early works site activities at the Valentine Gold Project in central Newfoundland (Valentine or the Project).

Key Points: 
  • TORONTO, Oct. 12, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to announce that it has commenced early works site activities at the Valentine Gold Project in central Newfoundland (Valentine or the Project).
  • On September 1, 2022 Marathon announced the decision of its Board of Directors to proceed to project construction.
  • The early works program is proceeding well, and the Updated Feasibility Study is on schedule for completion during this quarter.
  • Currently, the 74 persons are employed by Marathon at the Project site or within its Grand-Falls Windsor office (Table 1).

Marathon Makes Construction Decision for the Valentine Gold Project and Provides Project Development Update

Retrieved on: 
Thursday, September 1, 2022
MRE, Feasibility study, CEO, National instrument, GLOBE, Board of directors, Project, Rehabilitation, NL, Qualified person (European Union), MOZ, Engineering, EA, Exercise, SAG, Board, Gold, Contract, Director, Canadian Institute of Mining, Metallurgy and Petroleum, Mining, Technology, Investment, Marathon, Leprechaun, News, ADR, Acquisition, Technical report, Technical, FS, Metallurgy, Person, AIF, Mineral, TSX, Resource management, NI, Newfoundland and Labrador Hydro, Risk management, Construction, Petroleum

TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) announces that its Board of Directors has made a formal decision to proceed to construction of the Valentine Gold Project (Valentine or the Project) located in the central region of Newfoundland and Labrador (NL).

Key Points: 
  • TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) announces that its Board of Directors has made a formal decision to proceed to construction of the Valentine Gold Project (Valentine or the Project) located in the central region of Newfoundland and Labrador (NL).
  • Matt Manson, President and CEO, commented: Valentine is one of Canadas best undeveloped gold deposits located in one of the worlds best mining jurisdictions.
  • The Companys decision to proceed with construction of the Valentine Gold Project considers the impact of almost two years of market inflation on the Projects costs, as well as a necessarily cautious approach to project management, contingency and scheduling.
  • Provincial and Federal Environmental Assessments (EAs) for the Project were successfully concluded in March and August of this year respectively.

Marathon Gold Announces 2022 Second Quarter Results

Retrieved on: 
Friday, August 12, 2022
MRE, Project, Technical report, NL, Qualified person (European Union), Grand Falls-Windsor, TSX, AIF, National instrument, Ausenco, Capital expenditure, Income, Marathon, DSU, National Instrument 43-101, Engineering, Technical, Canadian Institute of Mining, Metallurgy and Petroleum, Company, Person, Program, SNC-Lavalin, GIS, MOZ, Newfoundland and Labrador Hydro, Metallurgy, Construction, RSU, Maintenance, News, Resource management, Gold, NI, US, Feasibility study, Tutoring, Healthcare, Health insurance, Bank, Life insurance, Cryptocurrency, Potash, Nightclub, Petroleum

In addition, the decrease in the flow-through share tax liability of $0.80 million in the second quarter of 2022 was higher than the decrease of $0.07 million in the comparable period in 2021.

Key Points: 
  • In addition, the decrease in the flow-through share tax liability of $0.80 million in the second quarter of 2022 was higher than the decrease of $0.07 million in the comparable period in 2021.
  • Capital expenditures, excluding working capital movements, were $4.53 million higher in the second quarter of 2022 than the comparable period in the prior year, mainly due to project pre-construction capital spending, which commenced in the third quarter of 2021.
  • A total of 2,765 metres of geotechnical drilling was completed during the second quarter of 2022 across 12 drill holes.
  • Results from the 2022 exploration drilling program will continue to be released throughout the remainder of 2022 as assaying is completed.