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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-5-2019: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 24.0m @ 3.37g/t Au from 33m. TORONTO, ON – May 22, 2019 - Marathon Gold Corporation (“Marathon” or the | |
| Resources: | (Resource): 2.69Moz Au (Ind) and 1.53Moz Au (Inf) at Valentine | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – May 22, 2019 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce additional positive results from the ongoing infill drilling into the Main Zone as well as Footwall and Hanging Wall Zones of the Marathon Deposit. The Main Zone drilling is intended to upgrade inferred resources into measured and indicated resource categories as well as further prove the lateral and vertical continuity of the high-grade gold between adjacent drill holes. The Footwall and Hanging Wall drilling is confirming the presence of significant gold on the flanks of the Main Zone corridor which will assist in reducing the strip ratio of the open pit. “The winter infill drilling of the Main Zone of the Marathon Deposit has returned excellent results to date; showing strong correlation between high-grade gold intercepts in adjacent holes while the Footwall and Hanging Wall drilling has intercepting new gold zones to contribute to the overall economics of the open pit”, said Phillip Walford, President and CEO of Marathon Gold. “The 45,000-meter 2019 infill drilling campaign is on track for completion in August. Resource estimation for the PFS will begin once the metallic screen assays are back for Leprechaun Deposit.” | |
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