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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/23/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-7-2019: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Valentine deposit at the Valentine project. Marathon Gold Announces Amendment to News Release Disclosure. TORONTO, ON – July 23, 2019 - Marathon Gold Corporation (“Mara | |
| Resources: | (Resource, M+I): 45.146Mt @ 1.854g/t Au project total | |
| CP/QP: | [Overall Report]: Phillip Walford (Internal) | |
| ABSTRACT: | TORONTO, ON – July 23, 2019 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is writing to amend the Company’s disclosure record in recent press releases as it relates to the reporting of mineral resource estimates in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”). In Marathon’s press releases dated May 15, May 22, June 4, and July 11, 2019, the section in each release entitled “About Marathon” reported the aggregate grade and contained ounces associated with the most recently announced mineral resource estimate for the Valentine Gold Camp, which was communicated initially in a press release dated October 30, 2018. This practice is not in accordance with NI 43-101, which requires any reporting of mineral resource information to include tonnage with the grade. The tonnage is now included in the resource statement. Marathon presents below the details and main assumptions concerning its most recent mineral resource estimate. It is important to note that this estimate does not reflect the results of the 38,000 meters of drilling completed since September 2018 on the four deposits associated with the Valentine Gold Camp, the results of the successful metallurgical program completed in the second quarter of 2019 on lowergrade material from the Leprechaun and Marathon Deposits, and the potential impact of higher gold prices. | |
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