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 Touseon Aug 27, 2012 10:38am

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Post# 20263975

A new Resource update has been commissioned for co

The new shallow mineralization is facilitating the definition of a moderately northwest dipping Hanging Wall dilation zone with an enveloping surface showing a width of at least 130 meters, height of up to 120 meters, and current strike length of 90 meters.

In 2012, 24,442 meters of new diamond drilling have been completed at the Valentine Lake Project, the majority of which was on the Leprechaun Gold Deposit. These drill holes were not used in the previous Resource Estimate. "A new Resource update has been commissioned for completion before year end."

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