Canadian miner to proceed with Valentine gold project


Investment to advance Toronto-based Marathon Gold has announced that the company’s Board of Directors has made a formal decision to proceed to construction of the Valentine gold project in the central region of Newfoundland and Labrador.


“This decision has been made following the recent successful completion of the Project’s provincial and federal environmental assessments, an updated cost to complete assessment, and an evaluation of the overall investment merits of the Project,” the company said in a statement.


Matt Manson, the president and CEO of Marathon Gold, commented that “Valentine is one of Canada’s best undeveloped gold deposits located in one of the world’s best mining jurisdictions. This is a Project blessed by its location, by the simplicity of its design and operation, by the strong support of its stakeholders and community partners, and by its rich endowment of gold mineralization. After more than three years of environmental assessment we have now been approved by the regulators to move forward with its development.”