Positive Testing by SGS Shows that both Leprechaun and Marathon Deposits Amenable to Heap Leaching, Valentine Gold Camp, NL
Heap Leach Test Highlights:
Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) announced today that Phillip Walford, President and Chief Executive Officer, has advised the Company that he will retire as CEO once a successor is hired and he has agreed to assist the Board of Directors to ensure a seamless transition. Following his retirement, Mr. Walford will continue to serve as a director of the Company and will be available to provide ongoing input and support with respect to the Company’s flagship Valentine Gold Camp. The Board of Directors has commenced a global search for a new President and CEO who has the expertise and track record to lead the company through the next phase of development and construction of the Valentine Gold Camp.
If you want the bullet on Marathon Gold (T.MOZ) spend three minutes watching this video from JustMiningStocks:
When a whole sector of the market falls out of favour with investors even the best news can fail to move a company’s share price. Precious metals explorers and developers, no matter how good their stories, have had an incredibly hard time gaining market traction over the last couple of years. Which creates a real challenge for CEO’s like Phil Walford of Marathon Gold (T.MOZ).
Marathon Gold Corporation (MOZ-TSX) (“Marathon”) announced today its financial results for the year ended December 31, 2018.
Excellent article by FI Fighter over at Seeking Alpha on Marathon Gold and the implications of the Franco-Nevada 18 million dollar 2% net smelter royalty purchase.