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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 75m @ 3.92g/t Au from 134m. Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is deli | |
| Resources: | (Resource, M+I): 1.06Moz Au contained @ 2.2g/t Au (Valentine Gold Camp Total) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is delighted to announce continued success in intersecting wide intervals of excellent grade gold in new drill holes from the 2017 winter drilling campaign at the Marathon Deposit, Valentine Lake Gold Camp. Best intercepts included 3.92 g/t Au (uncut) over 75.0 meters with 9.46 g/t Au over 5.0 meters and 33.39 g/t Au (uncut) over 5.0 meters in MA-17- 160, and 3.84 g/t Au (uncut) over 60.0 meters with 11.90 g/t (uncut) over 9.0 in MA-17-161. The Marathon Deposit has a current well defined strike length of over 550 meters, has been traced to depth more than 500 meters, and is open both along strike and to depth. The subvertical and 50 to 100-meter wide main mineralized corridor of the Marathon Deposit consists of tightly spaced and gently-SW dipping arrays of en-echelon stacked quartz-tourmaline-pyritegold (QTP) veining. The new near-vertical drill holes MA-17-160 and MA-17-161, as well as previously released near-vertical drill holes MA-17-158 and MA-17-159 (Figure 1), were designed to penetrate from surface to as much as 500-meters depth through these stacked, flat laying, en-echelon quartz-tourmaline-pyrite-gold bearing vein arrays, thus proving the continuity of the gold mineralization both vertically as well as along strike through the Marathon Deposit. The geometry of the gently dipping and vertically stacked QTP veining is analogous to the stacking of packets of cards within a deck of cards that are separated by small zones of more weakly gold mineralized rock. This style of gold veining is common to orogenic gold systems, such as the Val-d’Or district, Quebec. These latest excellent drill results will be incorporated into the upcoming resource update for the Marathon Deposit which is expected to be released by the end of February, 2017. A second resource update, expected to be completed later this year, will be property wide at the Valentine Lake Gold Camp. Drilling with two rigs now continues around the clock at the Marathon Deposit. | |
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