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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Leprechaun | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-6-2019: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Leprechaun deposit at the Valentine project. Drilling results incl. 98.0m @ 2.41g/t Au from 42m. TORONTO, ON – June 4, 2019 - Marathon Gold Corporation (“Marathon” or th | |
| Resources: | (Resource): 2.69Moz Au (Ind) and 1.53Moz Au (Inf) at Valentine | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – June 4, 2019 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the continued excellent results from the infill drilling along the Main Zone corridor of the Leprechaun Deposit. The drill holes in this release, as well as the previously released 2019 drill holes collared along the upper edge of the Main Zone corridor (refer to Figure1), are part of a 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 drilling at Leprechaun continues to be very successful at expanding the high-grade Main Zone as well as confirming lower grade zones in the hanging wall of the Main Zone which is important in reducing the overall strip ratio. The high-grade Main Zone mineralization extends further to the south west than previously modeled.” said Phillip Walford, President and CEO of Marathon Gold. “The Leprechaun drilling program is exceeding expectations and that will have a positive impact on the new resource estimation due in September.” | |
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