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Marathon Gold Corp MGDPF


Primary Symbol: T.MOZ

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

Post by zack50on Jan 12, 2023 11:46am
198 Views
Post# 35218572

Assay results on in-fill drill holes... BERRY nice!

Assay results on in-fill drill holes... BERRY nice!During the 2022 exploration program, Marathon completed 20,931 metres of infill drilling at Berry, none of which was included in the Project’s June 2022 Mineral Resource Estimate (“MRE”).

This in-fill program targeted gaps within the existing Berry drillhole dataset that are largely assumed to be un-mineralized waste in the Berry geological model but are within the conceptual pit shells used in the MRE. Success with this program has the potential to add mineable ounces to the Project’s mine plan. Assays from 9,811 metres of the 2022 drilling were previously reported (news releases dated June 15 and September 12, 2022).

These latest results represent fire assay data from 5,490 metres of drilling in twenty-seven holes. Highlights include:

• VL-22-1258 intersected 5.01 g/t Au over 18 metres including 23.02 g/t Au over 1 metre and 17.90 g/t Au over 1 metre, and 4.28 g/t Au over 9 metres including 23.43 g/t Au over 1 metre, and 2.78 g/t Au over 6 metres including 11.72 g/t Au over 1 metre

• VL-22-1256 intersected 3.50 g/t Au over 14 metres including 10.44 g/t Au over 1 metre.

• VL-22-1236 intersected 1.12 g/t Au over 46 metres.

• VL-22-1240 intersected 6.91 g/t Au over 7 metres including 12.86 g/t Au over 2 metres; and

• VL-22-1248 intersected 1.31 g/t Au over 29 metres including 16.76 g/t Au over 1 metre.
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