• Chief Operating Officer of Marathon Gold Corporation (TSX:MOZ), Robbert Borst, has stepped down from his role. 
  • Robbert will continue to act as a consultant for the company’ Valentine Gold Project in Newfoundland, which he helped develop over the last two years
  • Furthermore, Jamie Powell, previously the company’s Director of Environment and Shareholder Engagement, has been appointed Vice President
  • Onsite work at the Valentine Project’s remains halted, due to the ongoing COVID-19 pandemic
  • At the previous market close, Marathon Gold Corp (MOZ) was trading at C$1.25, with a market cap of $223.89 million

Marathon Gold Corporation (TSX:MOZ) has appointed a series of new management positions, as exploration work remains forestalled with COVID-19 shutdowns.

Due to the ongoing COVID-19 pandemic, exploration at Marathon’s flagship Valentine Gold Project in Newfoundland has been halted since mid-March.

During this operational slowdown, the company has reshuffled its senior management team. This was partially motivated by Robbert Borst’s decision to step down as Chief Operating Officer.

Robert only joined the company in 2017 but has overseen a number of key developments. Most notably, He was responsible for the Valentine Project’s recently announced pre-feasibility study.

Due to this experience, Robert is being kept on at the company in a consulting capacity, to help progress the project’s impending feasibility study. The company has not yet announced Robbert’s replacement.

Furthermore, Jamie Powell has been appointed the new Vice President of the company. He joined the company only a year ago and held the position as Director of Environment and Shareholder Engagement at Marathon.

Matt Manson, President and CEO of Marathon, believes Jamie’s promotion bodes well for the company.

“Jamie Powell’s new, more senior role reflects the Company’s focus on the key critical path activities for the Valentine Gold Project, which are its environmental assessment and regulatory approvals,” he said.

Mattwent on to say that Jamie will be responsible for all government and regulatory approvals, as well as maintaining the company’s ongoing relationships with stakeholders and interested parties.

With on-site operations forestalled, the company is currently progressing the Valentine Project’s environmental impact statement, using previously collected data.

The company also stated that it is awaiting the results from 16 drill holes on the property, which were completed before the stand-down came into effect.

At the previous market close, Marathon Gold Corp (MOZ) was trading at C$1.25, with a market cap of $223.89 million

More From The Market Online

Three junior copper stocks for the long run

Copper demand has pushed prices to their highest level since 2022, shedding light on steep undervaluation in the junior mining space.

Spanish Mountain Gold forms partnership for sustainable mining

Spanish Mountain Gold (TSXV:SPA) enters into a partnership with ANDRITZ and BC Hydro to reduce carbon intensity.

Hertz Energy to acquire mineral claim in Nunavut

Hertz Energy (CSE:HZ) enters into an agreement to acquire 100 per cent interest in a mineral claim in Nunavut.
Pulsar Helium

Junior helium stock to benefit from new legislation in U.S.

Pulsar Helium (TSXV:PLSR), a junior exploration stock, will benefit from new U.S. legislation on non-hydrocarbon gases.