TSX-listed Marathon Gold has published the results of the prefeasibility study (PFS) for the Valentine gold project, in central Newfoundland, which support an openpit mining operation with low initial capital cost and high rate of return over a 12-year mine life.
“The Valentine project is expected to be Atlantic Canada’s largest gold producer,” Marathon Gold president and CEO Matt Manson said on Monday.
The mine will deliver average gold production of 175 000 oz/y in the first nine years from the processing of high-grade mill feed, and 54 000 oz/y in the final three years from the processing of low-grade stockpile.