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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-12-2018: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Valentine deposit at the Valentine project. Drilling results incl. 5.0m @ 17.39g/t Au from 213.0m. TORONTO, ON – December 3, 2018 - Marathon Gold Corporation (“Marathon | |
| Resources: | (Resource): 45.146Mt @ 1.854g/t Au for 2.691Moz Au (M+I), 26.85Mt @ 1.774g/t Au for 1.53Moz Au (Inf.) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – December 3, 2018 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is excited by our continued success in predicting and intersecting highgrade gold mineralization at open-pit depths in the southwestern part of the Marathon Deposit (Figure 1). Drill holes MA-18-336 to MA-18-339, MA-18-341, MA-18-343 and extended drill hole MA-17-216 all succeeded in intersecting significant intervals of good gold grades as we continue to further define the main mineralized corridor in this southwestern part of the Marathon Deposit; focusing on widening the shallow open pit resources and decreasing strip ratio. “We are pleased to be announcing these encouraging drilling results from the later stages of our 2018 drilling program”, said Phillip Walford, President and CEO of Marathon Gold. “We continue to intersect high-grade gold over wide intervals at open-pit depths which will be added to a resource update for the Pre-Feasibility Study. 2018 has been a very productive year at Valentine Lake. We have added 844,000 ounces of M&I and 519,000 ounces Inferred of gold to the total overall resources this year through some very challenging gold markets. As this year comes to a close, we look forward to a better gold market in 2019 as we continue to grow the largest gold deposit in Atlantic Canada.” | |
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