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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-9-2019: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 62m @ 1.44g/t Au from 168m. TORONTO, ON – September 3, 2019 - Marathon Gold Corporation (“Marathon” or | |
| Resources: | (Resource): 1.17Moz Au (Meas.), 1.52Moz Au (Ind.), 1.53Moz Au (Inf.) project total | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – September 3, 2019 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce positive results from the start of the infill drilling campaign at the Marathon Deposit, part of the Valentine Gold Project in central Newfoundland. This latest drilling is part of a series of planned infill and exploration drill holes designed to expand the estimate of Mineral Resources at the Marathon Deposit over the more than 1,500-meter strike length of the deposit’s “Main Zone” corridor. Of note, these drill results continue to successfully demonstrate the continuity of gold mineralization both along and across strike of the Main Zone as well as from surface to the base of the currently planned open pit, where mineralization remains open to depth. The latest drilling has been oriented downward through the en-echelon stacked, shallowly SW dipping, gold-bearing Quartz-Tourmaline-Pyrite-Gold (“QTP-Au”) veins which form the dominant vein orientation within the sub-vertical Main Zone corridor of the Marathon Deposit (Table 1; Figure 1). It represents both infill drilling in areas currently classified as Inferred Mineral Resources in the October 2018 Mineral Resource Estimate and new exploration in areas of previously little drilling along the northeast end of the Main Zone corridor. | |
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