{"id":1156142,"date":"2019-12-17T13:01:10","date_gmt":"2019-12-17T19:01:10","guid":{"rendered":"https:\/\/www.mining.com\/?p=1009450"},"modified":"2019-12-17T13:01:10","modified_gmt":"2019-12-17T19:01:10","slug":"marathon-updates-on-study-progress-for-valentine","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1156142","title":{"rendered":"Marathon updates on study progress for Valentine"},"content":{"rendered":"<p>Marathon Gold has provided an update on the progress of pre-feasibility and resource estimation work for its Valentine project.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>On the pre-feasibility front, trade-off studies are now complete with current plans for a single stream of ore feeding a conventional mill. To optimize project economics, Marathon is evaluating the option of starting production with a smaller mill to process higher grade, near surface ore, with a mill expansion following.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> Pre-feasibility is on schedule for release in the second quarter of next year<\/p>\n<\/blockquote>\n<\/figure>\n<p>The prior scenario, from a preliminary economic assessment released in October 2018, incorporated a 3 million tonne per year mill processing higher grade ore with lower grade material destined for a 3 mtpa heap leach pad.<\/p>\n<p>The pre-feasibility is on schedule for release in the second quarter of next year.<\/p>\n<p>The resource estimate will incorporate sub-domaining by grade for open pit resources at Marathon and Leprechaun to maximize confidence in the material prioritized in the updated mine plan.<\/p>\n<p>Work on the resource estimate is ongoing: it is expected to be released early in the new year.<\/p>\n<p>Ausenco is the lead consultant for the pre-feasibility with input from Moose Mountain, Golder, Stantec and Terrane Geoscience.<\/p>\n<p>John T. Boyd Company and RPA are preparing the updated resource estimate.<\/p>\n<p>Current open pit resources for Valentine stand at 44.3 million tonnes in the measured and indicated categories grading 1.79 g\/t gold for a total of 2.6 million oz. with additional inferred resources of 24.4 million tonnes at 1.57 g\/t gold for a total of 1.2 million oz. <\/p>\n<p>Within this inventory, the Marathon and Leprechaun deposits contain 42.6 million measured and indicated tonnes and 2.5 million associated oz. with a further 21.3 million tonnes and 1.1 million oz. inferred.<\/p>\n<p><em>(This article first appeared in the <\/em><a aria-label=\"Canadian Mining Journal (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"http:\/\/www.canadianminingjournal.com\/\" ><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pre-feasibility is on schedule for release in the second quarter of next year.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1156142"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1156142"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1156142\/revisions"}],"predecessor-version":[{"id":1156143,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1156142\/revisions\/1156143"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1156142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1156142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1156142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}