The Marathon pit, along with the Leprechaun and Berry pits, is integral to the 14-year life-of-mine plan for Valentine, which boasts 3.9 million oz. of measured and indicated mineral resources at 1.9 g/t gold and 1.1 million oz. of inferred mineral resources at 1.65 g/t gold.
When compared to the 2022 reserves for a similar tonnage, the new ore control block model highlights an upgrade in grades. This development bolsters confidence in the Valentine project’s reserves, echoing positive outcomes previously reported from the Leprechaun pit.
A detailed comparison of the current ore control block model against the 2022 reserves reveals a slight reduction in tonnage by 2%, yet a remarkable 47% increase in gold grade, resulting in a 44% rise in contained gold ounces.
“Given these results, and construction at 77%, our confidence continues to increase as we responsibly advance towards first gold at Valentine during our second quarter…
