Canadian Mining Journal


Marathon discovers new gold trend at Victory deposit

Prospecting and trenching southwest of Marathon Gold’s (TSX: MOZ) Victory deposit in central Newfoundland have uncovered a new 1500-metre-long gold trend.

A channel sample returned 2.71 grams gold per tonne over 9 metres, while grab samples from newly exposed outcrop and trenches returned 53.2 grams gold, 29.95 grams gold, 23.02 grams gold, 17.34 grams gold, 8.59 grams gold, 8.09 grams gold, 4.79 grams gold, 4.65 grams gold, 4.36 grams gold, and 3.85 grams gold.

The company says trenching over the 1,500-metre strike length, proximal to the Valentine Lake Thrust Fault, exposed multiple zones of en-echelon stacked, gentle southwest dipping QTP-gold veining that is “identical” to the mineralizing system found elsewhere throughout Marathon’s Valentine Lake gold camp, including its Marathon, Leprechaun, Victory and Sprite deposits.

Continue reading at The Northern Miner.