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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 13-3-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Valentine deposit at the Valentine project. Drilling results incl. 136m @ 1.88g/t Au from 118m. Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pl | |
| Resources: | (Resource, M+I): 1.3882Moz Au @ 1.91g/t at Valentine Lake | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce continued success in drilling wide intervals of excellent grade gold at the Marathon Deposit, Valentine Lake Gold Camp. Best intercepts included 2.92 g/t Au over 71 meters and 1.88 g/t Au over 136 meters in MA-17-165, and 2.32 g/t Au over 19 meters in MA-17-166 and 2.35 g/t Au over 29.0 meters in MA-17-167. These latest drill holes were designed to penetrate down-through the gold-bearing en-echelon stacked quartz-tourmaline-pyrite (QTP) vein swarms and confirm the vertical continuity of the strong gold mineralization within this 50 to 100-meter wide structural corridor which is open both along strike and to depth. Drilling also targeted QTP veining within the hanging wall of the deposit. The February 21, 2017 property-wide resource update reported 1,388,200 oz. Au at 1.91 g/t (Measured & Indicated) and 766,500 oz. Au at 2.24 g/t (Inferred). The Marathon Deposit is the largest deposit on the property with 483,800 oz. Au grading 1.72 g/t Measured and Indicated and 583,400 oz. Au grading 2.20 g/t Inferred mostly within a resource pit shell that now extends along strike for almost 1500 meters and has a width of up to 750 meters (Figure 1). The mineralized corridor of the Marathon Deposit that contains the deeper mineralization has a current well defined strike length of over 550 meters, has been traced to depths of more than 500 meters, and is open both along strike and to depth. The ongoing excellent drilling. | |
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