Marathon Gold Corporation is a Canada-based mineral exploration and development company focused on advancing its flagship Valentine Gold Project in central Newfoundland and Labrador. Established in 2012 and trading on the OTC Markets under the symbol MGDPF, the company specializes in the exploration, resource expansion and pre‐development of gold deposits within a well‐recognized mining jurisdiction. Marathon Gold’s core business activities encompass geological surveying, drill testing, resource estimation and feasibility studies designed to bring high‐grade gold resources into production.
The Valentine Gold Project hosts multiple high‐grade gold deposits, including the Marathon, Leprechaun, Berry and Sprite zones, which together form one of the largest undeveloped gold systems in Canada. Following an initial property option agreement in 2014, Marathon has completed a series of technical studies, including a preliminary economic assessment and a prefeasibility study, with a definitive feasibility study published in 2021. These studies confirm both open‐pit and underground mining scenarios supported by existing road access, hydroelectric power and regional infrastructure.
Over the course of its development, Marathon Gold has grown through strategic exploration programs and targeted acquisitions that expanded its landholding to over 1,000 square kilometres in Newfoundland’s prospective Valentine Lake district. The company’s leadership team is spearheaded by President and CEO Tony Makuch, a mining executive with more than three decades of experience in project development and capital markets, alongside a board of directors and technical advisors with expertise in geology, finance and environmental permitting.
Looking forward, Marathon Gold is focused on securing required permits, finalizing project financing and engaging with local communities and indigenous stakeholders to ensure sustainable and socially responsible development. With a rigorous technical foundation and a supportive jurisdiction, Marathon Gold aims to transition Valentine from a robust resource stage through to construction and eventual gold production, positioning itself for long‐term value creation in the gold sector.
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