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Marathon Drilling Further Confirming Continuity of Main Zone Gold: 3.52 g/t Au over 45.0m, 2.61 g/t Au over 75.0m and 1.82 g/t Au over 50.0m, Valentine Gold Camp, NL

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Marathon Drilling Further Confirming Continuity of Main Zone Gold: 3.52 g/t Au over 45.0m, 2.61 g/t Au over 75.0m and 1.82 g/t Au over 50.0m, Valentine Gold Camp, NL

 

 

 

 

 

Marathon Gold Corporation (TSX: MOZ) is pleased to announce the continued success of the infill drilling campaign at the Marathon deposit. The new drilling has returned excellent results proving further lateral and vertical continuity of the high-grade gold between adjacent drill holes and confirming significant gold intervals in both hanging wall and footwall zones of the deposit to help reduce the strip ratio for the open pit. These drilling results continue to provide further confirmation of Marathon’s geological model and will assist in upgrading existing inferred resources within the Marathon Deposit into the Measured and Indicated resource categories.

 

“The 2019 drilling program is producing impressive results at the Marathon and Leprechaun deposits. At Marathon, the Main Zone is being drilled at a spacing of 10 to 20 meters between holes to give Measured and Indicated resources showing very good correlation with most of the high-grade intercepts in adjacent holes,” said Phillip Walford, President and CEO of Marathon Gold. “All of the holes  we are reporting are in the Marathon PEA pit shell and the longer intercepts reported in this release will have a positive impact on the resource grade.”

 

TABLE 1: Significant assay intervals, Marathon Deposit, Valentine Gold Camp.

 

 

DDH Zone* Section From To Core
Length
(m)
True
Thickness
(m)
Gold g/t Gold g/t
(cut)*
MA-19-372 MZ 17220 1 6 5 4.8 1.47  
      17 62 45 42.8 3.52 3.48
including     21 23 2 1.9 16.16  
including     30 34 4 3.8 14.25 13.90
including     40 42 2 1.9 9.41  
including     58 60 2 1.9 8.17  
      77 93 16 15.2 3.35  
including     80 82 2 1.9 18.28  
      130 140 10 9.5 2.37  
including     131 133 2 1.9 5.91  
MA-19-371 FW 17270 120 123 3 2.6 1.51  
      147 152 5 4.3 2.45  
MA-19-370 MZ 17220 10 13 3 2.9 1.03  
      19 24 5 4.8 1.42  
      28 31 3 2.9 1.01  
      41 54 13 12.4 1.49  
      84 116 32 30.4 1.09  
      134 140 6 5.7 1.76  
      146 221 75 71.3 2.61  
including     155 158 3 2.9 4.07  
including     170 176 6 5.7 7.71  
including     196 198 2 1.9 20.27  
including     215 217 2 1.9 28.44  
MA-19-369 FW 17220 46 53 7 6.7 1.61  
      82 85 3 2.9 2.12  
      142 150 8 7.6 1.93  
      165 168 3 2.9 2.09  
MA-19-368 FW 17200 8 11 3 2.9 1.80  
MA-19-367 FW 17200 44 47 3 2.3 5.21  
MA-19-365 HW 17100 114 117 3 2.9 1.50  
      130 134 4 3.8 1.84  
MA-19-364 HW 17100 54 60 6 5.7 2.23  
      117 120 3 2.9 5.65  
MA-19-363 HW 17090 49 55 6 5.7 1.65  
      104 107 3 2.9 1.59  
      131 134 3 2.9 1.15  
MA-19-362 FW 17310 125 128 3 2.9 2.10  
      268 271 3 2.9 3.59  
      276 287 11 10.5 2.23  
MA-19-361 MZ 17310 2 52 50 47.5 1.82  
including     2 5 3 2.9 6.13  
including     37 43 6 5.7 5.35  
      100 106 6 5.7 3.04  

* Cut to 45 g/t Au, MZ = Main Zone, HW = Hanging Wall, FW = Foot Wall

 

Figure 1: Location of drill hole collars MA-19-361 to MA-19-372, Marathon Deposit.

http://www.globenewswire.com/NewsRoom/AttachmentNg/769401f5-09b4-4f81-87f0-9b8f65aa46bc

 

A 3D Model of the Marathon Deposit showing drill holes MA-19-361 to MA-19-372 is available at www.corebox.net.

 

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

 

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 (85-95% of core length).

 

About Marathon

 

Marathon is a Toronto based gold exploration company rapidly advancing its 100% owned Valentine Gold Camp located in Newfoundland and Labrador, one of the top mining jurisdictions in the world. The Valentine Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totaling 2,691,400 oz. of gold at 1.85 g/t and inferred resources totaling 1,531,600 oz. of gold at 1.77 g/t. The majority of the resources occur in the Marathon and Leprechaun deposits, which also have resources below the current open pit shell. Both deposits are open to depth and on strike. Gold mineralization has been traced down over 350 meters vertically at Leprechaun and almost a kilometer at Marathon. The four deposits identified to date occur over a 20-kilometer system of gold bearing veins, with much of the 24,000-hectare property having had only minimal exploration activity to date.

 

The Valentine Gold Camp is accessible by year-round road and is in close proximity to the provincial electrical grid. Marathon maintains a 50-person all-season camp at the property. Recent metallurgical tests have demonstrated 93% to 98% recoveries via conventional milling and 50% to 70% recoveries via low cost heap leaching at both the Leprechaun and Marathon Deposits.

 

Posted April 11, 2019

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