- Marathon Gold (MOX) publishes its first annual sustainability report
- The project comprises a series of five mineralized deposits along a 20-kilometre system
- Manson, the CEO, added that the information is the first of its kind for the company and shows how it plans to move forward with its mining business at Valentine Lake
- 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
- Marathon Gold Corporation (MOZ) is down 2.30 per cent, trading at C$1.70 at 1:07 pm EST
Marathon Gold Corporation (MOZ) hit a major milestone by publishing its first sustainability report for the Valentine Gold Project.
The project consists of a series of five mineralized deposits along a 20-kilometre system.
In April of last year, a 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.
Matt Manson, President and CEO, commented,
“Valentine is on track to be the largest gold mining operation in the Atlantic Canada region, with a significant economic and social impact on the central region of Newfoundland.”
“[…]We conducted what will have been a three-year process of federal and provincial environmental assessment, conducted comprehensive environmental and social impact studies with associated management plans […] and developed our NL-based project development team,” added Manson.
Manson added that the report is the first of its kind and shows how the company plans to move forward with its mining business at Valentine Lake.
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.
Marathon Gold Corporation (MOZ) is down 2.30 per cent, trading at C$1.70 at 1:07 pm EST.