The President and CEO of Marathon Gold says the company is moving to the next phase in developing a gold mine in central Newfoundland.
Phillip Walford says exploration at the Valentine Lake project site has proven promising and with almost 5-million ounces of gold, they’re ready to move to development.
He says it’s the largest gold mine on the island, if not the province. He calls it very exciting news for the central Newfoundland region and the entire province.
(Left to right: Phillip Walford and Jamie Powell.)
Director of Environment and Stakeholder Engagement, Jamie Powell says mining is on the upswing in Newfoundland and Labrador, and they are currently looking to employ hundreds of people according to their preliminary economic assessment.
They’re looking at peak employment of about 460 people, with an average of about 442 for at least 13 to 14 years.
(Photo courtesy Marathon Gold.)
