Marathon releases first resource for Berry gold deposit in Newfoundland
Marathon Gold employees at the Valentine mining camp. Credit: Marathon Gold.
Marathon Gold Corp. (TSX: MOZ) has released its first inferred resource estimate for the Berry deposit at the Valentine gold project in Central Newfoundland. Based on 42,000 metres of drilling, it totals 638,700 oz. of gold in 11.3 million tonnes averaging 1.75 grams gold per tonne.
About 89% of the total – 566,400 oz. in 10.7 million tonnes at 1.65 grams gold per tonne – lie within a potential open pit. There is also a high grade open-pit resource using a 0.7 gram gold per tonne cut-off of 493,700 oz. in 5.8 million tonnes grading 2.64 grams gold per tonne.
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ST. JAMES GOLD CORP. Files Technical Report on the Quinn Lake Property in Central Newfoundland
VANCOUVER, BC, Feb. 2, 2021 /PRNewswire/
St. James Gold Corp. (TSXV: LORD) (OTC: LRDJF) (FSE: BVU3), the Company is pleased to announce the completion of a National Instrument 43-101 Standards of Disclosure for Mineral Projects (
NI 43-101 ) technical report entitled Geological Report on the Quinn Lake Property, Central Newfoundland NTS 12A/07, Newfoundland and Labrador , with an effective date of
January 29, 2021 (the Technical Report ). The Technical Report was prepared by Christopher Baldys, P. Eng, a Qualified Person as defined by NI 43-101 and independent of the Company.
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VANCOUVER, British Columbia, Jan. 29, 2021 /PRNewswire/
St. James Gold Corp. (TSX – V: LORD) (OTC: LRDJF) (FSE: BVU3), the Company has been advised that TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement (the Agreement ) dated January 7, 2021 between the Company and Herb M. Froude, Robert Snook and Alexander S. Duffett (the Optionors ), whereby the Company can acquire a 100% interest in certain mineral claims in Newfoundland, Canada known as the Quinn Lake Claims (the Property ). The Quinn Lake Claims are comprised of two contiguous map-staked mineral licenses, for a landholding of 1,730 acres (the Property ) in the emerging prolific central Newfoundland gold district. Entered into at arm s length, the Property is not only adjacent to Marathon Gold. s Valentine Lake property where over 4 million ounces of gold have been evaluated to pre-feasibility, but is also situated 17 km northeast from the Marathon gold
/PRNewswire/
St. James Gold Corp. (TSX – V: LORD) (OTC: LRDJF), the Company is pleased to announce that it has secured the sole and exclusive option to acquire a 100% interest in the Quinn Lake Claims comprising two contiguous map-staked mineral licenses, for a landholding of 1,730 acres (the Property ) in the emerging prolific central Newfoundland island gold district. Entered into at arm s length, the Property is adjacent to Marathon Gold. s Valentine Lake property where over 4 million ounces of gold have been developed to pre-feasibility, and situated 17 km northeast from the Marathon gold deposit and along strike of the main gold bearing structure in the district, the Valentine Shear Zone. The Property is accessible by a network of well-maintained seasonal gravel resource roads originating at Millertown approximately 35 km to the north.