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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Leprechaun | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-4-2019: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Leprechaun deposit at the Valentine project. Drilling results incl. 22m @ 11.83g/t Au from 189m. TORONTO, ON – April 2, 2019 - Marathon Gold Corporation (“Marathon” or t | |
| Resources: | (Resource): 2.69Moz Au (Ind) and 1.53Moz Au (Inf) at Valentine | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – April 2, 2019 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the excellent results from infill drilling down through the SW dipping, en-echelon stacked QTP-Au veining of the Leprechaun Deposit’s Main Zone corridor. Drill holes VL-19-679 and VL-19-680, collared along the upper edge of the Main Zone corridor (Figures 1 and 2), are the initial two of a series of planned drill holes that will cover a 700-meter strike length of the Main Zone corridor and are designed to penetrate down through the shallow SW dipping, stacked gold-bearing QTP veins which form the dominant vein orientation within the Main Zone corridor of the Leprechaun Deposit. Additional drill holes already completed along strike, for which assays are still pending, have also intersected wide intervals of QTP veining with abundant visible gold. The Leprechaun Deposit 2019 infill drilling program has two main objectives; first, to further confirm the geological model for the Leprechaun Deposit by demonstrating the extensive along strike and lateral continuity of the QTP-Au veining, and second, to continue to upgrade Inferred resource material into the Measured and Indicated resource categories. “These new high-grade gold intercepts are expected to add significantly to the next resource update for the Leprechaun Deposit, not only by upgrading the inferred resources to measured and indicated resource categories but also at a much higher grade than is in the present block model.”, said Phillip Walford, President and CEO of Marathon. “The new drill holes are extending the high-grade gold in width, strike length and down dip. The results are infilling between previously identified high-grade gold in adjacent drill holes.” | |
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