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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-4-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 76m @ 1.36g/t Au from 223m. TORONTO, ON – April 13, 2017, - Marathon Gold Corporation (“Marathon” or t | |
| Resources: | (Resource, M+I): 1.3882Moz Au contained at Valentine Lake | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – April 13, 2017, - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is very excited to announce the intersection of wide intervals of stacked quartz-tourmaline-pyrite (QTP) veining with visible gold (VG) in the deepest holes drilled to date within the Marathon Deposit, Valentine Lake Gold Camp. Holes MA-17-174 and MA-17-175, drilled sub-vertical down through the mineralized corridor of the Marathon Deposit, have both intersected abundant wide intervals of QTP veining with numerous VG occurrences at depths of up to 950.5 meters (photo 1, www.marathon-gold.com). These new drill holes, covering approximately 200-meter of strike length of the mineralized corridor of the Marathon Deposit, have penetrated to depths up to 1000 meters into the Marathon Deposit and represent the deepest visible gold drilled to date within the Valentine Lake Gold Camp (Figure 1). Assays are pending for both MA-17-174 (upper 400 m of the hole in this news release) and MA-17-175. These drill holes have more than doubled the depth potential of the Marathon Deposit (Figure 1). Marathon’s current drilling is now focused on outlining and expanding the known 40 to 100 meter wide, 500 meters long and 1 kilometer deep sub-vertical mineralized corridor of the Marathon Deposit. A program of sub vertical holes will explore the corridor to greater depths and further along strike to the northeast and southwest of the current resource boundary. We will continue to drill to the northeast and southwest to expand the open pit resource. | |
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