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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 4-4-2018: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 8.0m @ 14.68g/t Au from 384m. Marathon’s exploration drilling continues to return exciting results with | |
| Resources: | (Resource): 1.8465Moz Au (M+I) and 1.0117Moz Au (Inf.) contained at project | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | Marathon’s exploration drilling continues to return exciting results with high grade gold intercepts in step-out drill holes at the Marathon Deposit and Sprite Zone bog area (Figure 1). Marathon Deposit hole MA-18-285 intersected 14.68 g/t Au over 8.0 meters at depth within an area of little previous drilling (Figure 2). Sprite Zone bog hole VL-18-661 intersected 4.11 g/t Au over 7.0 meters at shallow depths. The 2018 Sprite Zone bog drilling confirms the presence of en-echelon QTP veining with good gold grades over a 1000-meter strike length. Assays are pending for drill holes that intersected significant QTP veining with visible gold at both the Marathon Deposit and Sprite Zone bog area. TORONTO, ON – April 4, 2018 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) Marathon Gold Corporation is pleased to announce these exciting new drill results at the company’s 100% owned Valentine Lake Gold Camp, central Newfoundland. The drill holes MA-18-283 to MA-18-285 successfully intersected good gold mineralization in an area of previous limited drilling and located up to 700 meters southwest along strike of the current main Marathon Deposit open pit (Figures 1). The drill holes VL-18-661 to VL-18-663 succeeded in intersecting near-surface QTP veining with excellent gold grades, extending the strike length of known gold mineralization to more than 1000-meters along the Sprite Zone bog area. “The positive results from the step out drilling at both the Marathon Deposit and the Sprite Zone bog area demonstrates the potential discovery of additional resources along this large-scale gold system,” said Phillip Walford, President and CEO. “Our winter drilling program has continued to penetrate new high-grade gold mineralization at the Sprite bog area, within the Marathon Deposit and along strike southwest of the Marathon deposit. The summer 2018 drilling will target these exciting new high grade and high-potential targeted areas as we continue to increase gold resources. This property just keeps delivering for us!” | |
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