The company has announced an increase of 554,000 oz. of gold resources at its Hounde mine in Burkina Faso.

Midday Wednesday, Marathon’s stock was up 7.7% on the TSX.

Company has received permit for its mine in Red Lake, Ontario, which features a processing production limit of up to 1,089 tonnes per day.

The Canadian miner says there is increased interest in lithium claystone deposits in the Clayton Valley.

The resource includes 539,000 indicated tonnes grading 14 g/t, containing 244,000 gold oz., as well as 942,000 inferred tonnes, at 13.3 g/t gold, for a further 402,000 oz. of gold.

Company has added 230 sq. km of land holdings, or 422 claims, to its Troilus project in the province’s Frotet-Evans greenstone belt.

The campaign in Manitoba will complete up to 1,500m of drilling at the project to test two newly identified Borehole Pulse Electromagnetic anomalies.

Company shut Rosebel gold mine in June after union leaders issued a stop work order in response to employees testing positive for coronavirus.