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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 7/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-7-2018: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Valentine deposit at the Valentine project. Drilling results incl. 59.0m @ 7.97g/t Au from 437.0m. TORONTO, ON – July 26, 2018 - Marathon Gold Corporation (“Marathon” o | |
| 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 – July 26, 2018 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is very pleased to announce the intersection of high-grade gold mineralization at depth within the main corridor of the Marathon Deposit (Figure 2). MA-18-295 was very successful in intersecting a wide interval of high grade gold in en-echelon stacked QTP veining that returned 7.97 g/t Au over 59.0 meters including 57.74 g/t Au over 5.0 meters, 48.12 g/t Au over 2.0 meters, and 27.81 g/t Au over 1.0 meter. This drill hole was part of the current ongoing infill drilling program at the Marathon Deposit designed to upgrade inferred material into the measured and indicated category. “This intercept of high-grade gold is very exciting as we continue with infill drilling at the Marathon Deposit in preparation for the next resource update. The high-grade intercepts are consistently occurring in the main corridor of mineralization and some of these veins also extend out into the foot wall and hanging wall,” said Phillip Walford, President and CEO of Marathon Gold. “After the release of our very positive PEA on May 17, 2018, Marathon’s current goal is to discover new gold deposits and increase the measured and indicated gold resources at the known deposits in advance of a Pre-Feasibility Study.” | |
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