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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 27-9-2016: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 102m @ 2.31g/t Au from 239m. TORONTO, ON – September 27, 2016, - Marathon Gold Corporation (“Marathon” | |
| Resources: | (Resource, M+I): 1.06Moz Au contained @ 2.2g/t Au (Valentine Gold Camp Total) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – September 27, 2016, - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) announced today continued success from the ongoing drilling campaign at the Marathon Deposit, Valentine Gold Camp. New drill holes MA-16-114, MA-16-116, MA-16-117, MA-16-118 and MA-16-119 intersected significant intervals of good-grade gold mineralization with MA-16-116 intercepting wide gold intervals up to 70 meters down–dip of previous drilling on the Marathon Deposit (Figure 1). Previously reported drill holes MA-16-113, MA-16-112, MA-16-111, MA- 16-107, MA-16-101 and extended drill holes MA-15-032 and MA-15-047 all intersected similar wide intervals of higher grade gold at depth (Figure 1). The new drilling further confirms the continuity of the 50-100 meter wide (true thickness) sub-vertical mineralized corridor of the Marathon Deposit, which is currently open along strike and extends to depth in excess of 250 meters. Marathon’s current drilling is now focused on expanding the Marathon Deposit towards the southwest along strike and to depth. In early October, Marathon will add a second drill at the Leprechaun Deposit in support of a revised resource estimate expected to be completed in the first quarter of 2017. “Our continued success in intersecting wide intervals of good gold grades both at depth and along strike in the Marathon Deposit area is very exciting as we work towards significantly increasing the gold resources at the Valentine Gold Camp with a new resource expected in the first quarter of 2017”, said Phillip Walford, President and CEO of Marathon. “Our current drilling on the Marathon Deposit is focused on developing potential open pit resources to the south west of the 2015 resource pit shell and a second drill will be in place by early October to commence drilling on deeper zones of the Leprechaun Deposit.” | |
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