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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-1-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 47.0m @ 3.01g/t Au from 346m. TORONTO, ON – January 9, 2017, - 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 – January 9, 2017, - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce continued success in intersecting high-grade gold in deeper drilling at the Marathon Deposit, Valentine Lake Gold Camp. New drilling has intersected very wide intervals of high-grade gold at depth including 3.01 g/t Au (uncut) over 47.0 meters in extended MA-15-109, 2.60 g/t Au over 44.0 meters in MA-16-150, 3.33 g/t Au over 13.0 meters in MA-16-152 and 3.87 g/t Au over 9.0 meters in MA-16-151. The deeper mineralized zone of the Marathon Deposit has a strike length in excess of 400 meters (Figure 1). The sub-vertical mineralized corridor of the Marathon Deposit is 50-100 meters wide (TT), is open along strike, and extends in excess of 350 meters to depth. Shallow drilling in the central part of the Marathon Deposit also hit high grade, near surface mineralization with 15.78 g/t (uncut) over 5.0 meters including 31.57 g/t Au (uncut) over 2.0 meters in MA-16-150. The exploration crew has mobilized at the Valentine Lake Gold Camp and drilling is underway with two drill rigs, one at the Marathon Deposit and one at the Leprechaun Deposit. In light of very encouraging preliminary analysis of drill results from the Marathon Deposit since the last resource in June 2015, Marathon has decided to proceed with a third-party resource update of the Marathon Deposit earlier than originally anticipated. The updated resource is expected to be completed by the end of February 2017. Results from the new resource estimate will be used to optimize further drilling and to advance the development plan for the Valentine Lake Gold Camp. | |
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