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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/28/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-7-2016: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 39.0m @ 2.19g/t Au from 224m. TORONTO, ON – July 28, 2016, - Marathon Gold Corporation (“Marathon” or | |
| Resources: | (Resource, M+I): 1.06Moz Au @ 2.2g/t Au (Valentine Gold Camp Total) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – July 28, 2016, - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce positive results from new drilling at the Marathon Deposit, Valentine Gold Camp. Drill hole MA-16-101 and extended drill hole MA-15-032 intercepted wide intervals of gold mineralization for up to 150 meters down–dip of previous drilling on the Marathon Deposit (Figures 1 and 2). This deeper drilling confirms that the 50-100 meter wide (TT) mineralized corridor of the Marathon Deposit is not only open along strike but also extends in excess of 250 meters to depth. Previously reported extended drill holes MA-15-047 and MA-15-039 also intersected similar wide intervals of higher grade gold at depth (PR June 21, 2016 and July 6, 2016). Shallower drilling up to 300 meters along strike to the southwest of the current Marathon Deposit resource pit shell also intercepted significant mineralization. “The continued success in intercepting wide intervals of significant gold mineralization up to 150 meters below previous drilling is very positive as we continue increasing the potential open pit and upper underground resources at the Marathon Deposit,” said Phillip Walford, President and CEO of Marathon. “The mineralization below the current resource is clearly going to depth and the grades and widths are very encouraging. I am also encouraged by the development of more near surface mineralization to the southwest of the present resource which will be incorporated into the next resource update for the Marathon Deposit.” | |
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