Marathon Gold provided an update on construction at the Tailings Management Facility of the Valentine Gold Project. Construction of the TMF commenced with grubbing of the site during the fall-winter of 2022-2023. At September 3, TMF progress was as follows: approximately 78% of Phase 1 dam foundation preparation was completed with subgrade approval by the engineer of record; 230,000 m3 of topsoil and unsuitable overburden has been removed and 110,000 m3 of Zone 6 rockfill has been placed to date; and more than 16,500 tons per day of construction waste rock mined from the Leprechaun and Marathon Pits in August in support of ongoing TMF construction. Construction of the Phase 1 and 2 dam foundation is expected to be completed by October 2023, whereupon construction of the Phase 1 and 2 embankment which consists of placement and compaction of Zone 6 rockfill is scheduled to commence immediately and continue through the winter months. Installation of the Phase 1 and 2 geomembrane liner is scheduled to commence in May 2024. Completion of the filter layers and upstream embankment slope is scheduled for June to August 2024. Phase 1 of the TMF is on schedule for wet commissioning in Q4 2024 in support of mill commissioning and first gold in Q1 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MGDPF:
- Marathon Gold Provides Progress Report on Major Earthworks at Valentine Gold Project
- Marathon Gold confirms Berry regulatory assessment process proceeding to plan
- Marathon Gold Confirms Berry Regulatory Assessment Process Proceeding to Plan
- Marathon Gold reports Q2 capex C$33.5M vs. C$9.2M last year
- Marathon Gold Announces 2023 Second Quarter Results