Grand Falls-Windsor

Calibre’s Valentine Gold Mine Property-Wide Exploration Program Underway With Initial Drill Program Southwest of the Leprechaun Deposit Following Recent Discovery Drilling Including 46 g/t Gold Over 5.3 Metres

Retrieved on: 
Wednesday, April 3, 2024

Our initial exploration focuses on prioritizing new regional target identification along with resource expansion in previously drilled areas.

Key Points: 
  • Our initial exploration focuses on prioritizing new regional target identification along with resource expansion in previously drilled areas.
  • Below the Marathon, Berry and Leprechaun pits the gold system remains open for expansion and we see excellent potential for additional high-grade gold mineralization as supported by drill results including 150.27 g/t Au over 4.3 metres.
  • This mineralization is trending southwest along the VLSZ toward Frank ( Calibre Reports Positive Drill Results February 6, 2024 news release ).
  • (NL), Calibre Mining’s Vice President, Geology and Exploration for Canada, and a "Qualified Person" under National Instrument 43-101.

Marathon Gold Provides Third Quarter 2023 Construction Report

Retrieved on: 
Monday, October 23, 2023

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.

Gold'n Futures Reports Update on Its Brady Gold Project in Newfoundland

Retrieved on: 
Monday, March 27, 2023

The Brady Project is located in central Newfoundland and in the same geological belt as the famous Queensway Project of New Found Gold Corp.

Key Points: 
  • The Brady Project is located in central Newfoundland and in the same geological belt as the famous Queensway Project of New Found Gold Corp.
    "Our Brady Property is Gold'n Futures' beachhead in an important developing gold camp.
  • In these times of rising gold prices, holding and developing assets like the Brady Project will surely benefit our shareholders," commented Stephen Wilkinson, President and CEO.
  • The Project is located 50 kilometers ("km") south of the town of Grand Falls - Windsor in central Newfoundland and is approximately 2 km west of the New Found Gold Corp. - Queensway gold project boundary.
  • Gold'n Futures is planning to initiate exploration on the Brady Gold Project during the summer this year.

Marathon Gold Provides Inaugural Valentine Construction Progress Report

Retrieved on: 
Thursday, March 2, 2023

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

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 Announces 2022 Second Quarter Results

Retrieved on: 
Friday, August 12, 2022

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.

Marathon Gold Makes Engineering and Construction Management Appointments for Valentine Gold Project

Retrieved on: 
Tuesday, May 31, 2022

TORONTO, May 31, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to provide an update on project execution planning at the Valentine Gold Project located in central Newfoundland (the Project).

Key Points: 
  • TORONTO, May 31, 2022 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (Marathon or the Company; TSX: MOZ) is pleased to provide an update on project execution planning at the Valentine Gold Project located in central Newfoundland (the Project).
  • Marathon further announces the appointment of Progesys Inc. to partner with Marathon in the development of an integrated construction management team.
  • Progesys, a leading industrial and mining project consultancy, will provide project management, facilities construction, and project control services.
  • The Progesys-Marathon construction team will continue through to the operational readiness and commissioning phases of the Project until delivery to a Marathon operating team.

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

Retrieved on: 
Tuesday, April 12, 2022

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.

Rally Tuesday for Grand Falls-Windsor Municipal Employees

Retrieved on: 
Tuesday, July 13, 2021

Municipal workers at the Town of Grand Falls-Windsor will hold a rally today, Tuesday, at 6:30 pm in front of Town Hall on High Street.

Key Points: 
  • Municipal workers at the Town of Grand Falls-Windsor will hold a rally today, Tuesday, at 6:30 pm in front of Town Hall on High Street.
  • Bargaining broke down last week for the employees, members of the Canadian Union of Public Employees Local 1349, and they now have a strike mandate.
  • Everyone is encouraged to come out and show support for the employees, who deliver the vital town services residents depend on.
  • What: Rally at Grand Falls-Windsor Town Hall, 5 High Street, July 13, 2021, at 6:30 p.m.