Marathon Gold drills 20 m of 3.16 g/t Au at Valentine
Marathon Gold drills 20 m of 3.16 g/t Au at Valentine
2018-03-06 07:09 ET - News Release
Mr. Phillip Walford reports
MARATHON'S STEP-OUT DRILLING IN NE END OF MARATHON DEPOSIT OPEN PIT HITS 3.16 G/T AU OVER 20 METERS WITH 8.94 G/T AU OVER 5 METERS, VALENTINE LAKE GOLD CAMP, NEWFOUNDLAND
Marathon Gold Corp. has released positive drill results at the company's 100-per-cent-owned Valentine Lake gold camp, central Newfoundland. The step-out drill holes along the northeast end of the Marathon Deposit (Figure 1) have intersected an abundance of en-echlon stacked QTP-Au veining, thereby pushing the extents of the main mineralized corridor further along strike to the northeast and also further expanding the resource within the boundary of the open pit. Drill holes in the south-central portion of the mineralized corridor (Figure 1) have penetrated along the outer edges of the mineralized corridor; succeeding in discovering significant new QTP-Au veining and expanding the lateral extents of the main mineralized corridor.
"The Marathon Deposit keeps growing in size as continued drilling intersects QTP veining and high-grade gold along strike to the northeast as well as along the outer margins of the mineralized corridor. Current drilling at the Marathon Deposit is extending the mineralized corridor in both the northeast and southwest direction as we continue resource growth at the Valentine Gold Camp," said Phillip Walford, President and CEO of Marathon Gold. "We are excited by the continued success of our exploration drilling as we also progress with our PEA which will be released in Q2 2018."
TABLE 1: Significant assay intervals, Marathon Deposit, Valentine Lake Gold Camp. DDH Section From To Core Length (m)True Thickness (m)Gold g/t MA-18-265 17020 313 3163 2.4 2.22 346 3504 3.2 1.86 441 4443 2.4 2.41 528 5313 2.4 4.12 537 5403 2.4 2.16 MA-18-267 16920 134 1373 2.4 1.11 289 2923 2.4 3.52 305 3083 2.4 1.82 321 3254 3.2 5.50 including 323 3252 1.6 9.28 MA-18-269 16920 47 50 3 2.4 0.90 270 2733 2.4 2.98 MA-18-270 17400 65 68 3 2.4 3.94 72 75 3 2.4 5.25 102 1064 3.2 1.21 186 1904 3.2 1.08 227 2303 2.4 1.51 289 30920 16.0 3.16 including 289 2945 4.0 8.94 MA-18-271 17400 287 2903 2.4 1.15 312 3164 3.2 1.04 323 3274 3.2 4.14 370 3733 2.4 1.92 539 5423 2.4 1.87 MA-18-272 17380 89 92 3 2.4 1.65 274 2773 2.4 4.05 302 3053 2.4 2.84 310 3133 2.4 4.60 478 4813 2.4 5.45 555 5583 2.4 2.72 MA-18-273 17420 297 3003 2.4 2.20 304 3073 2.4 2.07 326 3293 2.4 1.53 333 3396 4.8 3.44 including 338 3391 0.8 9.14 MA-18-274 17360 114 1173 2.4 0.75 324 3273 2.4 3.63 362 3653 2.4 5.82 449 4523 2.4 2.85 576 5793 2.4 3.80 MA-18-276 17450 297 3058 6.0 2.57 including 297 2981 0.8 15.15 No significant assays in MA-18-266, MA-18-268 and MA-18-275
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f8486729-5f62-4c36-96e7-1ea6052e0ad5
Acknowledgments
Marathon acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.
Quality Assurance-Quality Control ("QA/QC")
Sherry Dunsworth, M.Sc., P. Geo., Senior VP of Exploration, Marathon's Qualified Person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. Thorough QA/QC protocols are followed including the insertion of blanks and standards at regular intervals in each sample batch. Drill core is cut in half with one half retained at site, the other half tagged and sent to Eastern Analytical Limited in Springdale, Newfoundland. All reported core samples are analyzed for Au by fire assay (30g) with AA finish. All samples above 0.10 g/t Au in economically interesting intervals are further assayed using metallic screen to mitigate the presence of coarse gold. Significant mineralized intervals are reported in Table 1 as core lengths and estimated true thickness (75-80% of core length).
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