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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 6-9-2016: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 27m @ 3.24g/t Au from 196m. TORONTO, ON – September 6, 2016, - Marathon Gold Corporation (“Marathon” or | |
| 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 6, 2016, - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) today announces continued positive results from the ongoing drilling campaign at the Marathon Deposit, Valentine Gold Camp. New drill holes MA-16-112 and MA-16-113 have continued to intercept wide intervals of good-grade gold mineralization for up to 70 meters down–dip of previous drilling on the Marathon Deposit (Figure 1). These new drill holes further confirm the continuity of the 50-100 meter wide (TT) mineralized corridor of the Marathon Deposit that is currently open both along strike and extends to depth in excess of 250 meters. Previously reported drill holes MA-16-107, MA-16-101, MA-16-111 and extended drill holes MA-15-032, MA-15-039 and MA-15-047 have all intersected similar wide intervals of higher grade gold at depth (Figure 1, PR’s June 21, 2016, July 6, 2016, July 28, 2016 and August 9, 2016). A new gold showing with extensional QTP veining, located 1km NW from the Valentine Lake thrust fault, has returned grab samples ranging up to 6.65 g/t Au and 5.36 g/t Au. “Our ongoing drilling program at the Marathon Deposit continues to return excellent results with new intersections of wide intervals with good gold grades. The deeper drilling proves the Marathon deposit is not only open in all directions but also contains increased gold grades with depth“, said Phillip Walford, President and CEO of Marathon. The excellent metallurgical results for the Marathon Deposit along with the discovery of a new gold showing located up to 1000 meters into the hanging wall away from the Valentine Lake Thrust Fault is all exciting news as we move the Valentine Gold Camp towards a PEA. 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. | |
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