An updated preliminary economic assessment (PEA) has provided solid support for development of Marathon Gold’s Valentine Lake Gold Camp open-pit project in west-central Newfoundland. The property hosts four identified deposits: Marathon, Leprechaun, Victory and Sprite. The Sprite deposit is not included in current mine planning, pending additional exploration drilling to increase the resource. Gold recovery at Valentine Lake will be through separate milling and heap-leaching circuits. Standard surface-mining techniques will be utilized to develop the Marathon, Leprechaun, and Victory open-pit mining areas.
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