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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2019: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Valentine deposit at the Valentine project. Drilling results incl. 23.0m @ 3.92g/t Au from 14.0m. TORONTO, ON – February 6, 2019 - Marathon Gold Corporation (“Marathon” | |
| Resources: | (Resource): 45.14Mt @ 1.85g/t Au for 2.69Moz Au (M+I), 26.85Mt @ 1.77g/t Au for 1.53Moz Au (Inf.) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – February 6, 2019 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce excellent results from the first drill holes of the 2019 exploration drilling campaign at the Valentine Lake Gold Camp. The drill holes MA-19-348 and MA-19-349 were strategically located between existing, strongly mineralized drill holes in the open pit portion of the Marathon Deposit (Figure 1). These drill holes succeeded in intersected strongly mineralized, en-echelon stacked QTP-Au veining with wide intervals of higher-grade gold intercepts. This provides additional support of our geological model, demonstrating the extensive lateral continuity of the QTP-Au veining into adjacent drill holes both along and across strike. It is also significant to note that there is significant low- grade mineralization between the higher-grade intervals in drill holes MA-19-348 and MA-19-349. “The success of new infill drill holes into the Marathon Deposit open-pit cannot be overstated”, said Phillip Walford, President and CEO of Marathon Gold. “Our geological model is sound and additional 2019 infill drill holes, for which assays are still pending, have likewise intersected wide intervals of QTP veining with abundant visible gold. The assays released today are fire assays and all assays above 0.1 g/t are further assayed using the metallic screen method to better estimate the gold content when free gold is present. At the Marathon Deposit, fire assay analysis greater than 1.5 g/t Au typically show a significant increase in grade, sometimes more than 100%, with metallic screening, while analysis below 1.5 g/t Au may show a slight decrease in gold grade”. TABLE 1: Significant assay intervals, Marathon Deposit, Valentine Lake Gold Camp. | |
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