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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-1-2020: Marathon Gold Corp. announces a Resource Estimation report for its Valentine deposit at the Valentine project. Updated mineral resource estimate. TORONTO, ON – January 20, 2020 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ | |
| Resources: | (Resource, M+I): 54.85Mt @ 1.75g/t Au at project | |
| CP/QP: | [Resources]: Robert Farmer (John T. Boyd Company) | |
| ABSTRACT: | TORONTO, ON – January 20, 2020 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to report an updated Mineral Resource Estimate for the Valentine Gold Project (the “Project”) in central Newfoundland following the 2019 in-fill drill program at the Leprechaun and Marathon Deposits. Matt Manson, President & CEO, commented: “Our 2019 in-fill drilling at the Valentine Gold Project was aimed at the upgrade and conversion of in-pit Inferred Mineral Resources, and we are pleased to be reporting today the successful conversion of some 400,000 ounces from this program. The Project’s total Measured and Indicated Mineral Resources now stand at over 3 million ounces, continuing a trend that started in 2010 (Figure 1). Most of the latest increase has come from the Leprechaun Deposit, which now contributes over 1 million ounces of higher confidence mineral resources to the overall project inventory. The new estimate incorporates the results of what is now over 270,000 metres of drilling, with drill spacing averaging 10-15 metres on 10 metre sections over the core mineralized areas. Refined geological models and mineralized domains, as well more restrictive capping on the highest grade assays, have yielded the best constrained estimate achieved at the project to date, particularly in the definition of in-pit, high grade material. This will now be the focus of our mine planning in the Valentine Gold Project PFS.” | |
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