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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Leprechaun | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-7-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Leprechaun deposit at the Valentine project. Drilling results incl. 82m @ 1.82g/t Au from 242m. TORONTO, ON – July 25, 2017 - Marathon Gold Corporation (“Marathon” or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – July 25, 2017 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce continued drilling success at both the Marathon and Leprechaun Gold Deposits, Valentine Lake Gold Camp, central Newfoundland. Infill drilling at the Marathon Deposit, along the southwest and northeast ends of the main mineralized corridor, succeeded in intersected 5.40 g/t Au over 20.0 meters and 5.89 g/t Au over 6.0 meters in MA-17-182 as well as 1.82 g/t Au over 82.0 meters in MA-17-183 (Figure 1). Drilling at the Leprechaun Deposit, focused on the down-dip extension of the main zone of mineralization, intersected high-grade gold with 25.88 g/t Au (uncut) over 3.0 meters in VL-17-644 and 6.47 g/t Au over 5.0 meters in VL-17-645 (Figure 2). The summer drilling campaign has ramped up with 4 drills currently operating 24/7 as we expand the open pit and underground resources at both the Marathon and Leprechaun Deposits. “The drilling at both the Marathon and Leprechaun Deposits continues to return excellent intercepts as we continue building both our shallow open pit and deeper underground resources. The gold system we are exploring and developing is over 20 km long and we know from drilling that it has the potential to extend beyond 1 km to depth” said Phillip Walford, President and CEO of Marathon. “We have reported just 10% of our current 60,000-meter drilling campaign completed; we anticipate releasing more exciting drilling results over the next few months as we continue to expand our global gold resources at the Valentine Lake Gold Camp.” | |
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