NEWFOUNDLAND – Marathon Gold Corp. has completed 13 widely spaced step out holes and the results point toward a mineralized corridor of at least a 1.7 km strike length at its Marathon deposit in the Valentine gold camp 55 km south of Buchans. Winter drilling in boggy parts of the property intersected zones of variable quartz-tourmaline-pyrite veining and penetrative alteration for up to 800 metres southwest of previous drilling in 2015.
Location of the 1.7 km strike length at the Valentine gold camp.
Significant amounts of gold were intersected in both the Marathon zone (best grade 4.84 g/t Au over 2.8 metres true width) and Sprite zone (5.78 g/t Au over 2.8 metres including 17.95 g/t over 0.7 metre true width), said Marathon. Visible gold was also noted in the core from the Marathon zone.
The recent drilling at the Marathon and Sprite deposit areas plus new geophysical interpretation suggests that the mineralized trend continues between these two deposits and that other open pit targets may exist, said the company in a release. It next plans to build a drill access road so that the overburden covered ground between the two deposits can be tested.
Marathon has estimated the four deposits in the Valentine gold camp to contain both open pit and underground measured and indicated resources of 14.99 million tonnes grading 2.20 g/t Au and containing 1.06 million oz of gold. There are also inferred resources of 2.18 million tonnes at 2.85 g/t Au.
More details are posted at www.Marathon-Gold.com.