| Marathon Gold Corporation - MOZ.t is advancing the flagship Valentine Lake property in central Newfoundland. |
The Valentine Gold Camp currently hosts four near-surface, mainly pit-shell constrained, gold resources totaling 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.85 g/t (Inferred),
Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) announced today very positive results from the start of the summer 2016 drilling campaign at the Marathon Deposit, Valentine Gold Camp.
A 140 meter down-hole extension of the previously drilled hole MA-15-047 succeeded in intersecting at 200 meters below surface the highest gold grades recorded to date at the Marathon Deposit. The best intercept included 20.17 g/t Au (uncut) over 7.2 meters (true thickness) including 190.88 g/t (uncut) (5.57 oz./t) over 0.7 meters (true thickness). The extension of MA-15-047, originally designed to penetrate deeper levels of the open pit level mineralized corridor, has now also proven the potential for growth of a high-grade underground resource at the Marathon Deposit. The Marathon Deposit remains open along strike and to depth with a total strike length of the mineralized corridor now extending for at least 1.7 kilometers