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.

TSX:MOZ - Post by User

Marathon Gold Corp > Manson on Twitter today...

<< Previous

Bullboard Posts

Next >>

Post by zack50on Jan 19, 2023 6:00pm

256 Views

Post# 35234417

Manson on Twitter today...

Note: Some pics have been omitted for brevity.

Catching up on our recent news flow. We laid out our exploration priorities during the construction at the Valentine Gold Project in a news release on Jan. 4th:
(1) adding more ounces in within the mine plan and
(2) new discovery.
Let's explore these!

Reminder: gold mineralization at the Valentine Gold Project is contained in discrete quartz-tourmaline-pyrite veins that stack on top of each other and are developed within the Pre-Cambrian granitoid rocks on the NW side of the Valentine Lake Shear Zone.

"New discovery" first. Last summer we had a prosecting team in the far NE "eastern arm" area of our property. Previously, the granitoid rocks were thought to pinch out before the property boundary. No, they don't. Before and after maps attached. Granitoid rocks in pink.

This confirmed a full 32km of shear zone at the #Valentine Gold Project, west to east, boundary to boundary, and c.13km of new unexplored contact to explore in the eastern arm. The team found plenty of QTP veining in float and bedrock in the new area.

We collected a large number of grab, till and soil samples in eastern arm. This graphic is from our recent technical report for the project's Updated FS. Data are coming back, but we already reported on the 4th seeing pristine gold grains in till samples. So far so good.

On a roll, the team turned west to the under explored granitoid-shear zone contact to the west, now called the "Western Peninsula". QTP veining here also. The view here is looking west from the heights of the Frank Zone.

The team was able to start a sampling grid before the weather turned and the season ended. Enough though to give us a first smell test. Samples are in the labs. Two more graphics from our technical report, with a new map to help with all the names.

Why the focus on new discovery east and west? Aside from the fact that construction guys don't want exploration guys kicking around during construction, here's an eye opening graphic: the Timmins camp overlain on the Valentine Gold Project. Same scale. Count the head frames.
Source ontario.ca/page/northern-ontario-geotours

Source ontario.ca/page/northern-ontario-geotours

Lets focus now on "adding more ounces within the mine plan". Reminder: we model our QTP veins as forming mineralized domains, shown in yellow here. Estimated mineral resource blocks are (predominantly) constrained within those domains.

Gold mineralization found outside these modelled domains means the potential for more ounces in the mining pits. In 2022 we drilled 20,931m of in-fill at Berry, and on Jan. 12th released our third batch of results. Result: more good hits.

In our Jan. 12th release we showed this graphic. 2022 Berry holes, with "significant" (+0.7g/t Au) intercepts in red (previously released) and purple (latest). The yellow QTP domain is a solid, so if you can see the hits they are (predominantly) outside the mineral resource.