Marathon Gold Corp 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 Ridgebackon Jul 18, 2020 8:31am

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Post# 31284549

Altius Minerals

Altius is looking for a partner to continue exploration of the site previously held by Antler Gold.

The Wilding Lake project, located in central Newfoundland, covers ~36 km of prospective strike length of the ~300 km regional gold-bearing Rogerson Lake structural corridor. To the immediate southwest of Wilding Lake the corridor hosts Marathon Gold Corporation's Valentine Lake project (with reported measured and indicated resources totaling 3.09 Moz. of gold at 1.75 g/t and inferred resources totaling 0.96 Moz. of gold at 1.78 g/t (www.marathon-gold.com).
The mineralizing system along this trend, as demonstrated on the Wilding Lake project, is capable of producing both high grade gold and significant widths (that include channel sample gold results of 6.0 g/t over 8.5m, 8.7 g/t over 6.7m, 49.3 g/t over 4.6m, and 28.8g/t over 1.0m from the Alder/Taz zone. Drill results include gold intercepts of 10.01 g/t over 5.35m including 49.92 g/t over 0.98m (Elm Zone), and 1.51 g/t over 11.0m (Red Ochre Complex).
The gold mineralization is epigenetic, structurally-controlled and often associated with splays or secondary structures off the regional-scale Rogerson Lake structural corridor. At Wilding Lake, gold mineralization is hosted by quartz-tourmaline veins associated with shearing along a thrust fault within the Rogerson Lake Conglomerate. Mineralization comprises both vein-hosted and altered wall-rock styles of mineralization with free-gold often in association with pyrite or base metals.
Work carried out at the Wilding Lake project during 2015-2017 comprised prospecting, soil sampling, trenching, geophysics (Mag and IP) and drilling (30 shallow drill holes totaling 2,599m). Several drill ready targets remain untested and large areas of the prospective structural corridor, including areas with gold in soil anomalies, still remain to be prospected.