Marathon has also concluded a MOU with the Miawpukek First Nation relating to the Environmental Assessment and development of the gold project.

The company anticipates declaring commercial production this quarter.

With roughly $4.7 billion worth of non-fuel minerals produced in 2020, California is one of the largest states for mining and the sole source of rare earth elements in the US.

Company has completed a property acquisition with members of the Christison family and Seven Dot Cattle Co. in Humboldt County, Nevada.

"The new Bateman mill will also accelerate our ability to achieve our objective of producing more than 300,000 oz. per year of gold from Red Lake," says Evolution executive chair Jake Klein.

Pre-Feasibility Study is expected to be released in the second half of 2021.

The former Eskay Creek mine was the highest-grade gold mine in the world when it operated from 1994 to 2008.

Average gold production would be 183,000 oz over the first six years and 150,000 oz over the life of mine.