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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-1-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 50m @ 3.43g/t Au from 88m. Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleas | |
| Resources: | (Resource, M+I): 1.06Moz Au contained @ 2.2g/t Au (Valentine Gold Camp Total) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the continued success in intersecting wide intervals of excellent grade gold in the first two drill holes from the 2017 drilling campaign at the Marathon Deposit, Valentine Lake Gold Camp. Best intercepts include 3.43 g/t Au (uncut) over 50.0 meters with 15.36 g/t Au (uncut) over 7.0 meter, 2.57 g/t Au over 50.0 meters with 6.10 g/t Au over 12.0 meters, and 7.49 g/t Au (uncut) over 13.0 meters with 29.07 g/t Au (uncut) over 3.0 meters in MA-17-159; and 1.53 g/t Au over 73.0 meters with 6.42 g/t Au over 7.0 meters and 3.50 g/t Au over 6.0 meters in MA-17-158. The 50 to 100-meter wide sub-vertical mineralized corridor of the Marathon Deposit has a current well defined strike length of over 550 meters, extends to depth for more than 400 meters, and is open both along strike and to depth. These two near-vertical infill drill holes, collared within the core of the Marathon mineralized corridor (Figure 1), were designed to penetrate down through the gentle southwest dipping en-echelon stacked QTP veining. These gently dipping veins occur in packets like cards in a deck of cards and these packets or decks of veins are separated by more weakly gold mineralized rock. The drill holes reported in this release were designed to drill right through the decks of veins at almost true thickness and clearly demonstrate the continuity of the strong gold mineralization from near surface to more than 300 meters of depth in the Marathon Deposit. This style of gold veining is not unique to the Valentine Lake Gold Camp and occurs elsewhere such as the Val-d’Or district, Quebec. | |
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