Marathon targets more gold ounces in Newfoundland CanadiansInvest
] on Thursday released positive infill drill results from the Berry deposit at its Valentine Gold Project in Newfoundland.
Drilling highlights include hole VL-22-1258 which returned 5.01 g/t gold over 18 metres, including 23.02 g/t gold over 1.0 metre and 17.90 g/t over 1.0 metre, and 4.28 g/t gold over 9.0 metres, including 23.43 g/t gold over 1 metre and 2.78 g/t gold over 6.0 metres including 11.72 g/t gold over 1.0 metres.
On January 11, 2023, Marathon Gold shares closed at $1.12 and currently trade in a 52-week range of $3.21 and 73 cents. A December 2022, updated feasibility study for the project outlined an open pit conventional mining operation, producing 195,000 ounces of gold annually for 12 years within a 14.3-year mine-life.
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