The Prospector News

Marathon Gold Closes Flow-Through Offering

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Marathon Gold Closes Flow-Through Offering

 

 

 

 

 

Marathon Gold Corporation (TSX: MOZ) is pleased to announce the closing of its previously announced C$6.9 million non-brokered charity flow-through offering at a price of C$1.0488 per flow-through share. Marathon intends to use the proceeds of the Offering for eligible exploration expenditures at its Valentine Gold Project. Franco-Nevada Corporation acquired the common shares comprising the entire back-end of the Offering.

 

About Marathon

 

Marathon is a Toronto based gold company advancing its 100%-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. The Project comprises a series of five mineralized deposits along a 32-kilometre system. A December 2022 Updated Feasibility Study outlined an open pit mining and conventional milling operation producing 195,000 ounces of gold a year for 12 years within a 14.3-year mine life. The Project was released from federal and provincial environmental assessment in 2022 and construction commenced in October 2022. The Project has estimated Proven Mineral Reserves of 1.43 Moz (23.36 Mt at 1.89 g/t) and Probable Mineral Reserves of 1.27 Moz (28.22 Mt at 1.40 g/t). Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 2.06 Moz (29.23 Mt at 2.19 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.90 Moz (35.40 Mt at 1.67 g/t). Additional Inferred Mineral Resources are 1.10 Moz (20.75 Mt at 1.65 g/t Au). Please see the NI 43-101 Technical Report “Valentine Gold Project, NI 43-101 Technical Report and Feasibility Study” effective November 30, 2022, Marathon’s Annual Information Form for the year ended December 31, 2022 and other filings made with Canadian securities regulatory authorities available at www.sedar.com for further details and assumptions relating to the Valentine Gold Project.

 

Posted July 11, 2023

Share this news article

MORE or "UNCATEGORIZED"


ESGold Announces Closing of C$8.0 Million Brokered LIFE Offering

ESGold Corp. (CSE: ESAU) (FSE: Z7D) is pleased to announce the c... READ MORE

September 18, 2025

NevGold Announces Updated Open-Pit, Heap-Leach Gold Mineral Resource Including 1,186,000 ozs Indicated and 548,000 ozs Inferred At Nutmeg Mountain in Idaho

NevGold Corp.  (TSX-V:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is ple... READ MORE

September 18, 2025

Western Gold Intersects High-Grade Gold Within Its Newly Discovered Porphyry-Breccia Pipe at Ardlochan Prospect

WESTERN GOLD EXPLORATION LTD. (TSX-V: WGLD) is pleased to announc... READ MORE

September 18, 2025

Bayhorse Silver Closes Its Recently Announced 25 Million Unit Private Placement For Ongoing Work at The Bayhorse Silver Mine and IP Survey On Its Adjacent Pegasus Project, Idaho, USA

Bayhorse Silver Inc, (TSX-V: BHS) (OTCQB: BHSIF) (FSE: 7KXN) ann... READ MORE

September 18, 2025

The City of Duparquet and First Mining Gold Sign Historic Memorandum of Understanding for Community Development and Collaboration on the Duparquet Gold Project

The City of Duparquet and First Mining Gold Corp. (TSX: FF) (OTCQ... READ MORE

September 18, 2025

Copyright 2025 The Prospector News