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Marathon Gold Corp.
Summary
| Project: | Valentine | |
|---|---|---|
| Deposit: | Zone Bog | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/25/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-6-2018: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Zone Bog deposit at the Valentine project. Drilling results incl. 49.0m @ 6.17g/t Au from 145.0m. TORONTO, ON – June 25, 2018 - Marathon Gold Corporation (“Marathon” or | |
| Resources: | (Resource): 33.363Mt @ 1.993g/t Au for 2.13Moz Au (M+I), 17.27Mt @ 1.989g/t Au for 1.1Moz Au (Inf.) | |
| CP/QP: | [Overall Report]: Sherry Dunsworth (Internal) | |
| ABSTRACT: | TORONTO, ON – June 25, 2018 - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the intersection of wide thicknesses of enechelon stacked QTP veining in new step-out drilling at the Sprite Zone bog area. Drill hole VL18-676 intersected 6.17 g/t Au over 49.0 meters including 22.40 g/t Au over 10.0 meters and 7.36 g/t Au over 6.0 meters; and VL-18-677 intersected 1.07 g/t Au over 32.0 meters including 2.47 g/t Au over 4.0 meters. Additional stacked QTP veining with good gold values was also intersected in widely spaced step out drill holes covering a 1.5 km strike length of the Sprite Zone bog area (Figure 1). The gold in these new drill holes, combined with previously released drill holes VL-18- 657 to 667, supports the Sprite Zone as a significant target for additional exploration and gold resource development. “The step-out drill hole VL-18-676 is the best intersection in the Sprite Zone so far and a fine start to the summer exploration program at the Valentine Gold Camp,” said Phillip Walford, President and CEO of Marathon Gold. “After the release of our very positive PEA on May 17, 2018, Marathon’s current goal is to discover new gold deposits and increase the measured and indicated gold resources in advance of a Pre-Feasibility Study. | |
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