Leprechaun

Marathon Gold Announces 2022 Third Quarter Results

Retrieved on: 
Wednesday, November 9, 2022
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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
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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
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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.

Breaking Games Announces Exclusive Partnership With Skydance Animation to Publish Game for the Upcoming Apple Original Film “Luck”

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Tuesday, July 12, 2022
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We are excited to be working with Breaking Games to develop Luck the game, said Luis Fernndez, Head of Consumer Products, Skydance.

Key Points: 
  • We are excited to be working with Breaking Games to develop Luck the game, said Luis Fernndez, Head of Consumer Products, Skydance.
  • Additionally, attendees at this years GenCon in Indianapolis can see the Luck game in action, along with other Breaking Games titles, when they visit the Breaking Games Booth (2329).
  • About Breaking Games: Founded by Shari Spiro of Ad Magic, Breaking Games is a publishingcompanydedicated to getting the latest indie games to players tabletops.
  • Game designers workdirectly with the Breaking Games team on design, development, art, and promotion to bring their vision to life.

Marathon Gold Announces Updated Mineral Resource Estimate for the Valentine Gold Project

Retrieved on: 
Wednesday, July 6, 2022
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The current Valentine Gold Project Mineral Resource estimate is based on a total database of over 380,840 metres drilled and 263,646 assays, approximately 21% of which have been processed by metallic screen fire assay.

Key Points: 
  • The current Valentine Gold Project Mineral Resource estimate is based on a total database of over 380,840 metres drilled and 263,646 assays, approximately 21% of which have been processed by metallic screen fire assay.
  • Additional underground Mineral Resources are defined as material outside of the Whittle pit shell at a cut-off of 1.4 g/t Au.
  • The reader is reminded that Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability.
  • The Project has estimated Proven Mineral Reserves of 1.40 Moz (29.68 Mt at 1.46 g/t) and Probable Mineral Reserves of 0.65 Moz (17.38 Mt at 1.17 g/t).

Marathon Gold Announces 2022 First Quarter Results

Retrieved on: 
Friday, May 13, 2022
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Capital expenditures excluding working capital movements, were $7.76 million higher in the first quarter of 2022 than the prior year primarily because of project pre-construction capital spending, which commenced in the third quarter of 2021 and continued into the first quarter of 2022.

Key Points: 
  • Capital expenditures excluding working capital movements, were $7.76 million higher in the first quarter of 2022 than the prior year primarily because of project pre-construction capital spending, which commenced in the third quarter of 2021 and continued into the first quarter of 2022.
  • Marathons 2022 exploration drilling program commenced in January 2022 with a full-year plan of 50,000 metres of diamond drilling at a total budget of $12.0 million.
  • (NL), Exploration Manager of Marathon, is responsible for the design and operation of exploration programs at the Valentine Gold Project.
  • Exploration data quality assurance and control for Marathon is under the supervision of Jessica Borysenko, P.Geo (NL), GIS Manager for Marathon.

ST. JAMES GOLD CORP. OBTAINS INITIAL POSITIVE RESULTS FROM INDUCED POLARIZATION SURVEY ON QUINN LAKE PROPERTY ADJACENT TO MARATHON’S VALENTINE GOLD PROJECT BEING ADVANCE TO PRODUCTION IN NEWFOUNDLAND, CANADA

Retrieved on: 
Friday, May 6, 2022
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Vancouver, British Columbia, May 06, 2022 (GLOBE NEWSWIRE) -- St. James Gold Corp. (the “Company”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce that it has received initial positive results from an Induced Polarization (IP) survey on the Quinn Lake property in Newfoundland, Canada. To date Simcoe Geoscience has completed and processed five of nine IP profiles. The IP survey has delineated an anomaly over 1.7 km of the 3.5 km in length zone to be tested, with additional lines in progress. The Quinn Lake property adjoins the eastern margin of Marathon Gold’s Valentine Gold Project is flanked to the east by Canterra Minerals Corp. Wilding Gold Project (Figure 1, below).

Key Points: 
  • The Quinn Lake property adjoins the eastern margin of Marathon Golds Valentine Gold Project is flanked to the east by Canterra Minerals Corp. Wilding Gold Project (Figure 1, below).
  • The Company has compiled geological and geophysical field data on the property including historical IP surveys that cover portions of the Quinn Lake Property.
  • Marathons Valentine Gold Project contains a series of five mineralized deposits: the Leprechaun, Sprite, Berry, Marathon, and Victory along a 20-kilometre system.
  • George Drazenovic, CEO of St. James Gold comments, We are very pleased with the initial results from the ongoing Induced Polarization survey.

ST. JAMES GOLD CORP. (TSXV: LORD) PLANS INDUCED POLARIZATION SURVEY ON QUINN LAKE PROPERTY ADJACENT TO MARATHON GOLD DISCOVERIES BEING GEARED FOR PRODUCTION, NEWFOUNDLAND, CANADA

Retrieved on: 
Wednesday, April 20, 2022
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The Quinn Lake property adjoins the eastern margin of Marathon Golds Valentine Gold Project who are advancing the project through to production.

Key Points: 
  • The Quinn Lake property adjoins the eastern margin of Marathon Golds Valentine Gold Project who are advancing the project through to production.
  • The Company has compiled geological and geophysical field data on the property including historical IP surveys that cover portions of the Quinn Lake Property.
  • The Quinn Lake Property is flanked to the east by the Canterra-Wilding property, where multiple discovery holes have been drilled in recent campaigns (Figure 1, below).
  • The Valentine Lake Shear Zone trends from the Marathon trend of discoveries through the Quinn Lake Property and further to the east onto Canterras Wilding Gold Project.

Marathon Gold Provides Update on Development Plans for the Valentine Gold Project

Retrieved on: 
Tuesday, April 12, 2022
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TORONTO, April 12, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to provide an update on development planning for the Valentine Gold Project located in the central region of Newfoundland and Labrador (the Project).

Key Points: 
  • TORONTO, April 12, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to provide an update on development planning for the Valentine Gold Project located in the central region of Newfoundland and Labrador (the Project).
  • US$185 million term loan credit facility closed and available for draw in alignment with Marathons project development strategy.
  • The net result of this program of work will be a Project permitted for construction, with site development activities underway, and a new longer-term vision for Atlantic Canadas largest gold mine.
  • Mr. Farmer is considered to be independent of Marathon and the Valentine Gold Project for purposes of NI 43-101.

Marathon Gold Provides Update on 2021 Reverse Circulation Drill Program at the Valentine Gold Project

Retrieved on: 
Wednesday, February 23, 2022
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TORONTO, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to provide an update on the 2021 Reverse Circulation (RC) drill program conducted on the Marathon and Leprechaun Deposits of the Valentine Gold Project (the Project) located in the central region of Newfoundland and Labrador.

Key Points: 
  • TORONTO, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to provide an update on the 2021 Reverse Circulation (RC) drill program conducted on the Marathon and Leprechaun Deposits of the Valentine Gold Project (the Project) located in the central region of Newfoundland and Labrador.
  • Matt Manson, President and CEO, stated: We are reporting preliminary but encouraging results today from our 2021 RC drill program.
  • This program is an important and necessary quality-assurance step for the Valentine Gold Project ahead of a potential construction decision.
  • Fire assay by screen metallics is a well-established technique for measuring coarse gold, such as occurs at the Valentine Gold Project.