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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 28-2-2017: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Valentine deposit at the Valentine project. Drilling results incl. 125m @ 2.12g/t Au from 35m. Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is ple | |
| 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 drilling success at the Valentine Lake Gold Camp with the intersection of wide intervals of excellent grade gold including 2.12 g/t Au over 125 meters and 4.08 g/t Au over 43 meters in MA-17-162, and 1.91 g/t Au over 82 meters and 3.20 g/t Au over 22 meters in MA-17-163. The results from MA-17-162 are included in the latest property wide gold resource totaling 1,388,200 oz. Au at 1.91 g/t (Measured & Indicated) and 766,150 oz. Au at 2.24 g/t (Inferred), (press release dated February 21, 2017). The results of MA-17-163, MA-17-164 and ongoing drilling will be included in further resource update expected to be completed later in 2017. The February 2017 resource update at the Marathon Deposit has outlined a substantially larger resource pit shell which 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 deep 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. This subvertical, 50 to 100-meter wide mineralized structure consists of tightly spaced and gently-SW dipping arrays of en-echelon stacked quartz-tourmaline-pyrite-gold (QTP) veining. Drilling continues with 23,000 meters remaining in 2017 with particular focus at the Marathon and Leprechaun Deposits. | |
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