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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing PEA | |
| Report details: | 5-2-2018: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Valentine deposit at the Valentine project. Drilling results incl. 19m @ 3.26g/t Au from 140m. TORONTO, ON – February 5, 2018 - Marathon Gold Corporation (“Marathon” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – February 5, 2018 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to report positive drill results at the company’s 100% owned Valentine Lake Gold Camp, central Newfoundland. These 2017 infill drill holes, which were not included in the November 30, 2017 resource update, succeeded in intersecting both shallow and deeper intervals of high-grade gold through the core zone of the 50 to 125-meter wide, sub-vertical main zone corridor of the Marathon Deposit (Figure 1, Table 1). These new drilling results will be incorporated into the Marathon Deposit resource used in the PEA which is on track for completion Q2 of 2018. The 15,000-meter winter 2018 drilling campaign is underway at the Valentine Property with step out and definition drilling at the Marathon Deposit as well as exploration drilling along the 3- kilometer long, overburden and bog covered ground that lies along strike between the Marathon and Sprite Deposits and proximal to the Valentine Lake Thrust Fault. “The winter drilling campaign is well underway to find new deposits and increase the size of existing deposits on the Valentine Property”, said Phillip Walford, President and CEO of Marathon Gold. “Drilling is now focused on expanding the open pit of the Marathon Deposit to both the NE and SW and drilling the first exploration holes into the highly perspective overburden and bog covered area between the Marathon and Sprite Deposits. We are also looking at expanding our technical team as we progress beyond the PEA | |
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