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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-7-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 19m @ 4.97g/t Au from 345m. TORONTO, ON – July 5, 2017 - Marathon Gold Corporation (“Marathon” or the “ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – July 5, 2017 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce new drilling results from the summer 2017 drilling program at the Marathon Deposit and Leprechaun Deposit, Valentine Lake Gold Camp, central Newfoundland. Drilling at the Marathon Deposit successfully intersected high grade gold intervals at depths within the main mineralized corridor with 4.97 g/t Au over 19.0 meters in MA- 17-180, 4.55 g/t Au over 13.0 meters in MA-17-181 towards the northeast end of the current deposit and 9.94 g/t Au over 5.0 meters in MA-17-179 and 3.91 g/t Au over 11 meters in MA-17- 178 towards the southwest end of the deposit (Figure 1). Drilling along the southwest end of the Leprechaun Deposit succeeded in intersecting high-grade gold in down-dip extension of the main zone of mineralization with 5.30 g/t Au over 11.0 meters and 4.75 g/t Au over 4.0 meters in VL-17-643 (Figure 2). Drilling continues at both the Marathon and Leprechaun Deposits with a 4 th drill rig starting up in early July 2017. “We are very pleased with the continued drilling success as we intersect new shallow open pit as well as deeper underground mineralization at the Marathon and Leprechaun Deposits,” said Phillip Walford, President and CEO of Marathon. “Our current aggressive 60,000-meter drilling campaign will expand the Leprechaun Deposit to depth and the Marathon Deposit along strike to the southwest and to depth. Our crew and camp facilities have been expanded to accommodate the increase to 4 drills on site as we work towards significantly expanding the property wide resources at the Valentine Lake Gold Camp.” | |
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