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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-8-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 326m @ 2.13g/t Au from 21m. TORONTO, ON – Aug 24, 2017 - Marathon Gold Corporation (“Marathon” or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – Aug 24, 2017 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is delighted to release excellent results from new infill drilling at the Marathon Deposit, Valentine Lake Gold Camp, central Newfoundland. Drill hole MA-17-188, drilled sub-vertical down through the main mineralized corridor, intersected continuous mineralization down-hole with 2.13 g/t Au over 326.0 meters with wide higher-grade intervals, including 3.36 g/t Au over 61.0 meters and 4.04 g/t Au over 32.0 meters. This impressive intersection of gold mineralization confirms the 75 to 100-meter width and at least 350-meter depth of the mineralized corridor in this section of the Marathon Deposit and will assist in upgrading inferred resources to the measured and indicated categories. Drill hole MA-17-187, drilled down-dip along the eastern margin of the main mineralized corridor, intersected significant gold intercepts along the outer margin of the sub-vertical corridor including 2.35 g/t Au over 27.0 meters and 2.79 g/t Au over 10.0 meters. Drilling with 4 rigs continues 24/7 at the Valentine Lake Gold Camp as Marathon works toward maximizing drill coverage in preparation for a resource update scheduled for the fourth quarter of 2017. “We are very excited to report the intersection of consistent mineralization in excess of 2 g/t Au from 21 meters below surface to a vertical depth of 340 meters at the Marathon Deposit. The higher- grade intervals within the 2.13 g/t Au zone are very important and consistent with what we see in other long intersections in the mineralized corridor. These intersections will provide a good basis for an updated resource estimate and future engineer/economic studies commencing in October,” said Phillip Walford, President and CEO of Marathon. “We continue drilling at both the Marathon and Leprechaun Deposits and anticipate releasing more infill and exploration results over the coming months as we continue building both shallow open pit and deeper underground resources at the Valentine Lake Gold Camp.” | |
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