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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/14/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-12-2016: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 47m @ 2.93g/t Au from 356m. TORONTO, ON – December 14, 2016, - Marathon Gold Corporation (“Marathon” | |
| Resources: | (Resource, M+I): 1.06Moz Au contained @ 2.2g/t Au (Valentine Gold Camp Total) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – December 14, 2016, - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is very pleased to announce continued growth of the underground high-grade zone of the Marathon Deposit, Valentine Lake Gold Camp. The new deeper drilling succeeded in intersecting wide intervals of high-grade gold at depth including 6.31 g/t Au (uncut) over 17.0 meters in MA-16-149 and 7.77 g/t Au over 5.0 meters in extended MA-16-115. The overall strike length of the deeper mineralized zone of the Marathon Deposit now exceeds 400 meters (Figure 1). Drilling success was also achieved in shallow infill drilling, hanging-wall drilling and southwest step-out drilling with infill drill hole MA-16-146 intersecting 2.22 g/t Au over 24.0 meters including 14.78 g/t Au over 2.0 meters as well as 3.39 g/t Au over 6.0 meters, hanging-wall drill hole MA-16-139 intersecting 11.63 g/t Au (uncut) over 10.0 meters including 55.91 g/t Au (uncut) over 2.0 meters and 2.17 g/t Au over 11.0 meters including 4.24 g/t Au over 5.0 meters, and step-out drill hole MA-16-144 intersecting 6.77 g/t Au over 6.0 meters including 17.29 g/t Au over 2.0 meters. The 50-100-meter-wide (TT) sub-vertical mineralized corridor of the Marathon Deposit is open along strike and now extends to depth in excess of 350 meters. Drilling has now stopped for the Christmas season and will resume again in early January with two drills focused on developing more open-pit and underground resources in anticipated of the 2017 resource update. | |
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