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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Leprechaun | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-7-2019: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Leprechaun deposit at the Valentine project. Drilling results incl. 41m @ 4.49g/t Au from 99m. TORONTO, ON – July 25, 2019 - Marathon Gold Corporation (“Marathon” or th | |
| Resources: | (Resource, M+I): 45.146Mt @ 1.854g/t Au project total | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – July 25, 2019 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the continued success from the infill drilling along the Main Zone corridor of the Leprechaun Deposit. These drill holes, as well as the previously released 2019 drill holes collared along the upper edge of the Main Zone corridor (refer to Figure 1), are part of the series of planned infill drill holes that will cover a more than 800-meter strike length of the Main Zone corridor. These drill holes 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, providing increased width to the Main Zone corridor and increased continuity the high-grade mineralization extending from surface to the bottom of the open pit and beyond into potential future underground resource development. The current drilling program is designed to both further confirm the geological model for the Leprechaun Deposit and to continue to upgrade Inferred resource material into the Measured and Indicated resource categories. “The new drill results continue the success we have had with our Leprechaun drilling program. Main Zone (MZ) intersections continued to expand the higher grade mineralization along much of the strike length of the Leprechaun Deposit and drilling from the hanging wall has confirmed mineralization away from the Main Zone that will help to reduce the strip ratio.” said Phillip Walford, President and CEO of Marathon Gold. “The drilling is now complete at Leprechaun and resources estimation for Leprechaun is expected to be complete in September using all the new drill results. | |
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