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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Leprechaun | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-9-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Leprechaun deposit at the Valentine project. Drilling results incl. 151m @ 2.34g/t Au from 280m. TORONTO, ON – September 28, 2017 - Marathon Gold Corporation (“Marathon | |
| Resources: | (Resource): 1.388M oz Au (M+I) & 0.7665M oz Au (Inf.) contained at Valentine Lake Gold Camp | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – September 28, 2017 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is very pleased to report continued positive results from the latest drill holes designed to penetrate down through the en-echelon stacked quartz-tourmaline-pyrite-gold (QTP) veining of the Main Zone corridor of the Leprechaun Deposit, Valentine Lake Gold Camp, central Newfoundland (Figures 1 & 2). The new drill holes VL-17-655 and VL-16-656, along with the previously released drill holes VL-17-653 and VL-17-654, cover a 250-meter strike length of the 960-meter long Main Zone of the Leprechaun Deposit (Figure 1). These 4 drill holes have all succeeded in hitting continuous wide, high-grade gold intervals in multiple stacked arrays of shallow southwest dipping QTP veining that dominates throughout the 25 to 60-meter wide by more than 350-meter deep Main Zone corridor of the Leprechaun Deposit (Figure 1). The pattern of QTP veining of the Leprechaun and Marathon Deposits is the same as that observed elsewhere throughout the Valentine Gold Camp. The drill holes VL-17-655 and VL-17-656, collared 130 meters apart on sections 10,120 and 10,250 (Figure 1), along with VL-17-653 and VL-17-654 on section 10,000, were each designed to penetrate down through the Main Zone corridor of the Leprechaun Deposit, proving the continuous nature of the gold mineralization down through the stacked QTP vein arrays as well as laterally out into the hanging wall. | |
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