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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/2/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 2-11-2016: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 18m @ 3.61g/t Au from 271m. TORONTO, ON – November 2, 2016, - Marathon Gold Corporation (“Marathon” or | |
| 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 – November 2, 2016, - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) announces very positive results from continued drilling at the Marathon Deposit, Valentine Gold Camp. New drill holes MA-16-121, MA-16-122, MA-16-125, MA-16-127, MA- 16-128 and MA-16-129 intersected significant intervals of good-grade gold mineralization at both shallow and deeper intervals within the Marathon Deposit area. Deeper drill holes MA-16-127, MA- 16-128 and MA-16-129, along with previously reported drill holes MA-16-116, MA-16-113, MA-16- 112, MA-16-111, MA-16-107, MA-16-101, MA-15-032 and MA-15-047, have all intersected wide intervals of higher grade gold at depth and define the deeper mineralized corridor within the Marathon Deposit (Figure 1). Step-out drilling to the southwest continued to intersect shallow as well as deeper mineralization. The 50-100-meter-wide (TT) subvertical mineralized corridor of the Marathon Deposit is open along strike and now extends to depth in excess of 350 meters. A second drill commenced operation at the Marathon Deposit on October 28, 2016 in advance of the anticipated 2017 resource update. “Ongoing exploration success at the Marathon Deposit area is very exciting as we keep expanding gold resources for the Valentine Gold Camp”, said Phillip Walford, President and CEO of Marathon. “The recently completed FT financing will allow us to run two drills on the property in order to maximizing the 2017 resource update.” | |
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