For thousands of other reports visit RSC's Mineral Intellingence Map
Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Marathon, Sprite Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 23-4-2018: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon, Sprite Zone deposit at the Valentine project. Drilling results incl. 6m @ 8.36g/t Au from 95m. Marathon’s successful drilling under the Sprite Zone bog contin | |
| 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 successful drilling under the Sprite Zone bog continues to return exciting new results with the discovery of multiple high-grade gold intercepts in shallow drilling (Figure 1). Higher grade intercepts included 8.36 g/t Au over 6.0 meters with 15.07 g/t Au over 3.0 meters in VL-18-667 and 7.12 g/t Au over 4.0 meters with 25.84 g/t Au over 1.0 meter in VL-18-664. Wider intervals of lower grade mineralization included 1.12 g/t Au over 40 meters with 2.76 g/t Au over 5.0 meters in VL-18-664. The winter bog drilling has discovered multiple zones of en-echelon stacked, shallow southwest dipping QTP veining over a 2-kilometer strike length beneath the Sprite Zone bog. This new bog zone QTP-Au veining is identical to the gold mineralizing system found elsewhere throughout the Valentine Gold Camp. The summer 2018 drilling will continue to explore and expand resources along this 2-kilometer strike length of newly discovered mineralization as well as extending northeast for another 1.5 km into untested, highly prospective areas along strike towards the Marathon Deposit (Figure 1). TORONTO, ON – April 23, 2018 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) Marathon Gold Corporation is excited to announce these new drill results at the company’s 100% owned Valentine Lake Gold Camp, central Newfoundland. All 14 winter-2018 Sprite Zone bog drill holes (i.e.: VL-18-257 to VL-18-667) have intersected enechelon stacked, southwest dipping QTP-gold veining in an extensive alteration halo. This newly discovered mineralization beneath the Sprite Zone bog has added another 2-kilometers to the strike length of the mineralized corridor at the Valentine Gold Camp and provides an excellent target for additional resource development. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report