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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Valentine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2019: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Valentine deposit at the Valentine project. Drilling results incl. 13.0m @ 12.49g/t Au from 93.0m. The ongoing open-pit infill drilling program at the Marathon Deposit i | |
| 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: | The ongoing open-pit infill drilling program at the Marathon Deposit is designed to penetrate down through the main mineralized corridor with the aim of continuing to increase confidence in the lateral continuity of high-grade gold mineralization between adjacent drill holes, and also moving inferred into measured and indicated resource categories. These latest drill holes into the core of the Marathon open-pit deposit were very successful; having intersected numerous new wide high-grade gold intervals to be incorporated into a future resource update (Figures 1 and 2): TORONTO, ON – March 6, 2019 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the continuing excellent results from infill drill holes which were strategically located between existing, strongly mineralized drill holes in the open pit portion of the Marathon Deposit (Table 1, Figures 1 and 2). The drill holes succeeded in intersecting strongly mineralized, en-echelon stacked QTP-Au veining with thick intervals of higher-grade gold intercepts. The intent of the infill drilling program is two-fold; first, to further confirm Marathon’s geological model by demonstrating the extensive lateral continuity of the QTPAu veining into adjacent drill holes both along and across a more than 140 meter strike that has been infill drill tested so far; and second, to continue to upgrade Inferred resource material into the Measured and Indicated resource categories. “The continued success of the infill drilling campaign at the Marathon Deposit is very important as we not only continue to build economic gold resources focused on open-pit mining of the Marathon Deposit, but also continue to further validate our geological model with each drill hole that intersects new VG and wide intervals of high-grade gold between previous adjacent drill holes”, said Phillip Walford, President and CEO of Marathon Gold. “The very positive drilling results are expected to lead to a significant upgrade of Inferred to Measured and Indicated resources while also adding additional Inferred material. Assays are pending on more drill holes with wide intervals of VG-bearing QTP veining.” | |
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