Marathon Gold Corp MGDPF

Primary Symbol: T.MOZ

Metals & Mining Gold

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.

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Marathon Gold Corp

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Post by brianjameson Aug 24, 2017 4:17pm

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Post# 26618824

Significant piece from the update

Apparantly everyone didn't read down far enough......this was taken from the second part of the news release.......pay particular attention to the last sentence.

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Drill hole MA-17-188, drilled sub-vertical down through the main mineralized corridor in the central part of the Marathon Deposit, succeeded in intersecting continuous mineralization over more than 325 meters vertical depth down through the main mineralized corridor of the Marathon Deposit with 2.13 g/t Au over 326.0 meters with numerous higher grade intercepts including 4.91 g/t Au over 12.0 meters, 3.08 g/t Au over 6.0 meters, 3.36 g/t Au over 61.0 meters, 4.04 g/t Au over 32.0 meters and 3.18 g/t Au over 22.0 meters.
Drill hole MA-17-187, drilled sub-vertical down along the eastern footwall edge of the main mineralized corridor of the Marathon Deposit, succeeded in intersecting significant gold intercepts along the outer margin of the sub-vertical corridor including 2.35 g/t Au over 27.0 meters including 5.24 g/t Au over 7.0 meters, 2.79 g/t Au over 10.0 meters, 5.98 g/t Au over 3.0 meters and 4.19 g/t Au over 3.0 meters.
Both drill holes MA-17-188 and MA-17-187 confirm the 75 to 100-meter width and continuity of consistent good to high gold grades down through the mineralized corridor of the Marathon Deposit. These intercepts will add significantly to the Marathon Deposit resource and the upgrading of existing resources at the Marathon Deposit from the inferred resource to measured and indicated.