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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Sprite Zone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/2/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-3-2020: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Sprite Zone deposit at the Valentine project. Drilling results incl 55m @ 2.24g/t Au from 113m. TORONTO, ON – March 2, 2020 - Marathon Gold Corporation (“Marathon” or th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – March 2, 2020 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to report initial drill results from the 2020 exploration drill program at the Valentine Gold Project, central Newfoundland. These latest results represent fire assay data from the first eight drill holes of a planned 32,000 metre drill program within the 6 kilometre long “Sprite Corridor”, located between the Marathon and Leprechaun Deposits. The eight drill holes cover a 200-metre long strike length of Quartz-Tourmaline-Pyrite-Gold (“QTPAu”) veining extending to the northeast of “Section 13410E” (Figures 1 and 2), and confirm the emergence of a developing “Main Zone” type sequence of mineralization in an important new area now named the “Berry Zone”. All quoted intersections comprise uncut gold assays in core lengths. All significant assay intervals are reported in Table 1. Matt Manson, President & CEO commented: “These first drill results from our 2020 exploration drill program have confirmed the presence of “Main Zone” style mineralisation in the Sprite Corridor of a type characteristic of the nearby large-scale Leprechaun and Marathon Deposits. Within this new “Berry Zone”, thick sequences of stacked, en-echelon QTP-Au veins located proximal to the Valentine Lake Shear Zone have now been drilled at Section 13410E, which returned the previously announced VL-18-676 with 6.17 g/t Au over 49 metres (see press release dated June 25, 2018), and now Section 13500E, | |
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