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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/1/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 1-5-2018: Marathon Gold Corp. announces a Resource Estimation report for its Valentine deposit at the Valentine project. Updated mineral resource estimate at Valentine project. TORONTO, ON – May 1, 2018 – Marathon Gold Corporation (“Marathon” or the “Comp | |
| Resources: | (Resource): 33.363Mt @ 1.993g/t Au for 2.13Moz Au (M+I), 17.27Mt @ 1.989g/t Au for 1.1Moz Au (Inf.) | |
| CP/QP: | [Resources]: Robert Farmer (John T. Boyd Company) | |
| ABSTRACT: | TORONTO, ON – May 1, 2018 – Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ: TSX) has established a new Mineral Resource Estimate for the Marathon Deposit at its 100% owned Valentine Lake Property prepared under the direction of John T. Boyd Company in accordance with National Instrument 43-101 (“NI 43-101”). The resources were revised as part of the soon to be released Preliminary Economic Assessment (PEA). All the gains came from the Marathon Deposit which was updated as of March 5, 2018. “The Marathon Deposit still continues to deliver promising results as it is now double the size of the Leprechaun Deposit and remains open to further expansion. The increase in grade and size of the underground material at Marathon is very important for future resource development as is the Sprite drilling in the bog area. There is an opportunity for resource expansion in both open pit and underground available for Marathon to test before the next economic study.” said Phillip Walford, President and CEO of Marathon. | |
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