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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 26-10-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 221m @ 1.32g/t Au from 6m. TORONTO, ON – October 26, 2017 - Marathon Gold Corporation (“Marathon” or | |
| Resources: | (Resource, M+I): 1.388Moz @ 1.91g/t at Marathon | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – October 26, 2017 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to report excellent results from the companies 100% owned Valentine Lake Gold Camp, central Newfoundland. Drill holes MA-17-217, MA-17-218, MA-17- 220, MA-17-222 and MA-17-225 all succeeded in intersecting wide intervals of continuous gold mineralization down through the en-echelon stacked QTP-Au veining of the 50 to 100-meter wide, sub-vertical main zone corridor of the Marathon Deposit (Figure 1, Table 1). These new drilling results will be incorporated into the Valentine Lake property-wide resource update expected to be released in early November 2017 and form the base for the (PEA) expected to be completed in the Q2 of 2018. To date, Marathon has released the results of just 48% of its current planned 60,000-meter drill campaign. Future drilling at the Marathon Deposit will focus on infill drilling in the upper open-pit as well as underground regions of the deposit, step-out drilling to the southwest along strike to further expand the open-pit, and hanging and footwall drilling aimed at reducing strip ratio for the resource pit shell. These excellent new drilling results will be incorporated into the property-wide resource update for the Valentine Lake Gold Camp, which is expected to be released in early November 2017. The updated resource will form the base for a preliminary economic assessment on the property, which is underway and expected to be completed in the second quarter of 2018. | |
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