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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Sprite Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/15/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-4-2020: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Sprite Zone deposit at the Valentine project. Drilling results incl. 14m @ 8.06g/t Au from 155m. TORONTO, ON – April 15, 2020 - Marathon Gold Corporation (“Marathon” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – April 15, 2020 - Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to report additional drill results from recent exploration drilling at the Valentine Gold Project, central Newfoundland (the “Project”). These latest results represent fire assay data from sixteen drill holes located in the high priority Berry Zone area and northeastwards along an 850 metre strike length towards the Frozen Ear Pond Road. These were the last exploration holes completed prior to the COVID-19 related closure of the exploration camp on March 14, 2020. Exploration drilling in the six kilometre long Sprite Corridor between the Leprechaun and Marathon Deposits is continuing to outline “Main Zone”-type mineralization of a type characteristic of the Valentine Gold Project, with shallowly SW dipping, en-echelon stacked Quartz-Tourmaline-PyriteGold (“QTP-Au”) veins contained within steeply NW dipping envelopes in the hanging-wall of the Valentine Lake Shear Zone (Figure 1). In the new Berry Zone (Figure 1), the mineralized envelope appears bound on the northwest side by sheared mafic dykes, is up to 40 metres wide, extends from surface to a depth of over 200 metres, and has now been drilled on multiple sections over more than 350 metres of strike extent. | |
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