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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2018: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Valentine deposit at the Valentine project. Drilling results incl. 16.0m @ 5.75g/t Au from 97.0m. TORONTO, ON – October 24, 2018 - Marathon Gold Corporation (“Marathon | |
| 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: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – October 24, 2018 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce our continued drilling success with intersecting multiple intervals of en-echelon stacked QTP veining with moderate and high-grade gold grades at open-pit depths in both the footwall and hanging wall margins of the main mineralized corridor of the Marathon Deposit (Figure 1). The drill holes MA-18-309, MA-18-312, MA-18-313, MA-18- 319 and MA-18-324, drilled down along both the footwall and hanging wall margins of the mineralized corridor, effectively widened the mineralized corridor. They will help decrease the strip ratio for the open pit and will contribute to the re-classification of inferred material into the measured and indicated category for the next resource update. The southwest step-out holes MA-18-327 and MA-18-328 confirm the along strike continuation of abundant stacked QTP veining with good gold grades at both shallow and deeper depths in the southwestern end of the current Marathon Deposit open pit shell. Drill holes with assays pending (Figure 1) confirm the presence of shallow dipping, multiple en-echelon stacked QTP-Au veining extending further and deeper along strike to the southwest. “The continued success in drilling multiple, good gold intercepts along both margins of the mineralized corridor as well as extending excellent gold grades at depth towards the southwestern end of the current resource pit shell is expected to add significantly to the upgrading of the next Marathon resource update.” said Phillip Walford, President and CEO of Marathon Gold. “The current program of delineating additional mineralization to the southwest along strike on the Marathon Deposit has been a success. The mineralization remains open southwest towards the Sprite Deposit and will be a primary focus area for drilling in the new year. We will continue to add new ounces of gold to the global resource, moving inferred material into measured and indicated resource category in advanced of the Pre-Feasibility Study.” | |
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