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.
Marathon releases maiden resource for Berry gold deposit in Newfoundland
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Feasibility from Marathon Gold outlines $305m open pit at Valentine
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