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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-11-2019: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 18m @ 5.08g/t Au from 195m. TORONTO, ON – November 18, 2019 - Marathon Gold Corporation (“Marathon” o | |
| Resources: | (Resource): 1.17Moz Au (Meas.), 1.52Moz Au (Ind.), 1.53Moz Au (Inf.) project total | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – November 18, 2019 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to report the final tranche of drilling results from the 2019 infill drilling campaign at the Valentine Gold Project in central Newfoundland. These latest results represent fire assay data from the final 37 drill holes clustered in the SW Main Zone extension area of the Marathon Deposit where new occurrences of Quartz-Tourmaline-PyriteGold (“QTP-Au”) veining have been identified in areas of limited previous exploration (Figure 1). The Main Zone of the Marathon Deposit is comprised of dominantly shallow SW dipping, enechelon stacked QTP-Au veining in a 100 to 150 meter wide, subvertical corridor of mineralization. This corridor extends for more than 1.5 kilometer along strike, and from surface to the base of the planned Marathon open pit. It remains open along strike and to depth. The latest drilling has confirmed a SW extension of this Main Zone into an area currently classified in the October 2018 Mineral Resource Estimate as Inferred Mineral Resource, and into areas with little previous drilling. Drilling into the Main Zone is oriented downward at a high-angle through the dominant shallowly dipping QTP vein orientation that is the dominant mineralizing style at the Valentine Gold Project (Figure 2). Fourteen of the final 37 drill holes reported today returned no significant intervals of mineralisation, and these represent the delineation of the SW Main Zone extension on its NW hanging-wall and SE footwall sides. | |
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