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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-4-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 101m @ 1.77g/t Au from 196m. Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is del | |
| Resources: | (Resource, M+I): 1.3882Moz Au contained @ 1.91g/t Au at Valentine Lake | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is delighted to announce high-grade gold assays through thick intervals of stacked quartz-tourmaline-pyrite (QTP) veining with visible gold in drill holes MA-17-174 and MA-17-175, the deepest holes ever drilled at the Marathon Deposit, Valentine Lake Gold Camp. These sub-vertical holes, spaced 180 apart meters along strike, were drilled down through the mineralized corridor of the Marathon Deposit and both intersected abundant, wide intervals of QTP veining with numerous occurrences of visible gold (VG) at depths of up to 950 meters. As a result of drilling from 2014 to date, the uniformity of mineralization in the Marathon Deposit, encountered both at depth and along strike, is indicative of an extensive and strong mineralizing system. Drill hole MA-17-175 intersected wide intervals of intermittent moderate to high-grade gold to depths of 966 meters, including 1.77 g/t Au over 101 meters with 6.48 g/t Au over 7 meters and 7.92 g/t Au over 4.0 meters, 4.09 g/t Au over 19.0 meters with 12.54 g/t Au over 5 meters and 3.25 g/t Au over 32.0 meters with 11.08 g/t over 5.0 meters. Drill hole MA-17-174 continued to return significant intermittently spaced gold intervals to a depth of 782 meters along the hanging wall edge of the mineralized corridor. The deeper intervals included 3.05 g/t Au over 3.0 meters, 6.65 g/t Au over 3.0 meters and 3.31 g/t Au over 3.0 meters. Both of these deep drill holes clearly demonstrate the potential for definition of additional gold resources beneath the lower limit of the February 2017 resource body (Figure 1). | |
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