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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/9/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-8-2016: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 105m @ 2.38g/t Au from 172m (core width, not cut). TORONTO, ON – August 9, 2016, - Marathon Gold Corpor | |
| Resources: | (Resource, M+I): 1.06Moz Au @ 2.2g/t Au (Valentine Gold Camp Total) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – August 9, 2016, - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce continued positive results from its latest drilling at the Marathon Deposit, Valentine Gold Camp. New drill holes MA-16-107 and MA-16-11 have both intercepted very wide intervals of good-grade gold mineralization for up to 80 meters down–dip of previous drilling on the Marathon Deposit (Figure 1, Section 17250 in www.marathon.com). 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 along strike and extends to depth for more than 250 meters. Previously reported drill holes MA-16-101 and extended drill holes MA-15-032, MA-15-039 and MA-15-047 also intersected similar wide intervals of higher grade gold at depth (Figure 1, PR’s June 21, 2016, July 6, 2016 & July 28, 2016). Shallower drilling intercepted significant mineralization up to 250 meters southwest of the current Marathon resource pit shell and in the hanging wall of the deposit (Figure 1). “The drilling program is going very well at the Marathon Deposit. The deeper drill holes are continuing to prove that the deposit is open to depth and so far the deeper holes are intersecting wider mineralization than is found closer to surface. These deeper intersections do have significant zones of higher grades within them. While more drilling is needed, it appears that the thicker zones of gold mineralization have a shallow plunge to the south west“, said Phillip Walford, President and CEO of Marathon. | |
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