Marathon Gold provides inaugural Valentine construction progress report

Marathon Gold provides an update on construction progress at its 100% owned Valentine Gold Project located in central Newfoundland. Matt Manson, President and CEO, commented: "We are providing today the first of what will be quarterly progress reports on construction at the Valentine Gold Project… Our permanent camp, which will initially have 352 beds, is nearing completion and will be available to support the major construction activities around the mill, which have commenced, and at the Tailings Management Facility, which are scheduled to begin in the second quarter… After a winter start-up with a new team using new equipment and field-based maintenance services, we saw production rates achieved in February which will successfully support our construction schedule. We continue to see the sector-wide inflationary pressures reported by our peers, especially in labour and contractor rates, and are working to mitigate these through our procurement practices and scope control. Overall, this has been a solid start-up for what will be Atlantic Canada’s largest gold mine."