Marathon Gold Announces 2019 Third Quarter Results

Written by Customer Service on . Posted in Public Companies.

TORONTO, Nov. 13, 2019 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) today announces its financial results for the third quarter ending September 30, 2019 and provides an update on the Company’s activities.
Matt Manson, President and CEO stated: “Marathon made significant progress during the quarter in advancing the Valentine Gold Project in central Newfoundland. We completed a successful infill drill program in support of an updated Mineral Resource estimate, expected prior to year end. We initiated our Pre-Feasibility Study with Ausenco as lead consultant and progressed our environmental assessment work under guidelines now issued by the federal and provincial regulators. Finally, we finished the quarter with $34 million in cash following a successful equity financing in September. We anticipate that this will be sufficient to fund our upcoming engineering and assessment work under our new leadership team, as well as allowing us to continue our drilling and discovery success on the 20-kilometer long trend of gold mineralisation at Valentine.”Company UpdateManagement Changes

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.