They follow the completion of the provincial environmental assessment process in March, and the approval from the Newfoundland and Labrador Cabinet to proceed with development.
The federal environmental assessment for the project is also in its last stretch, Marathon said, as the Impact Assessment Agency of Canada filed draft environmental assessment report last month. The report, which concludes that the mine is not likely to cause significant adverse environmental effects, is now available for public comment.
Valentine, the largest undeveloped gold project in Atlantic Canada, is located about 80 km southwest of the communities of Millertown and Buchans, in Newfoundland.
It is made of five deposits containing 56.7 million measured and indicated tonnes at 1.72 g/t gold for 3.1 million ounces. There is also an inferred portion of 18.2 million tonnes at 1.70 g/t gold, containing 1 million ounces.
Marathon is planning a…
