- The MOU relates to the Environmental Assessment and development of the Valentine Gold Project located in central Newfoundland
- The MOU provides for a process of ongoing engagement and consultations between Marathon and Miawpukek
- This will include, amongst other things, the completion of a Traditional Knowledge/Traditional Land and Resource Use Study
- Marathon Gold Corporation (MOZ) is up 6.59 per cent and is trading at C$2.75 at 10:10 am ET
Marathon Gold Corporation (MOZ) and Miawpukek First Nation have signed a Memorandum of Understanding (MOU).
The MOU relates to the Environmental Assessment and development of the Valentine Gold Project in central Newfoundland.
The MOU was signed by Matt Manson, President and CEO of Marathon, and Miawpukek Chief Mi’sel Joe.
The MOU provides for a process of ongoing engagement and consultation between Marathon and Miawpukek.
This will include, amongst other things, the completion of a Traditional Knowledge/Traditional Land and Resource Use Study, funding for a community-based Liaison Officer, and the commencement of negotiations towards a Socio-Economic Agreement.
Matt Manson, President and CEO of Marathon, commented,
“We are very pleased to have entered into this agreement with Miawpukek First Nation, which represents the beginning of what we hope will be a long and mutually beneficial relationship.”
“This MOU represents our commitment to establish an open and cooperative working relationship with Miawpukek during the Environmental Assessment of the Project and beyond,” added Manson.
Chief Mi’sel Joe commented,
“On behalf of Miawpukek First Nation we would like to thank Marathon Gold for working and communicating with our community on this desired project.”
“When the COVID restrictions are lessened, we would like to do an in-person meeting to discuss our history, the ongoing work on the land and the work we continue to do on the land. We look forward to what the future holds,” added Mi’sel.
Marathon is a Toronto-based gold company advancing its 100 per cent 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 with a 20-kilometre system.
An April 2021 Feasibility Study outlined an open-pit mining and conventional milling operation over a thirteen-year mine life with a 31.5 per cent after-tax rate of return.
Miawpukek Mi’kamawey Mawi’omi is a First Nation Reserve located at the mouth of the Conne River on the south coast of the island of Newfoundland.
Marathon Gold Corporation (MOZ) is up 6.59 per cent and is trading at C$2.75 at 10:10 am ET.
