NEWFOUNDLAND – Marathon Gold Corp. of Toronto has received the 2013 Explorer of the Year Award from the Newfoundland Branch of the CIM. The award is made in recognition of significant advancement in gold resource development and exploration at Marathon’s Valentine Lake property 55 km south of Buchans.
The Valentine Lake property, owned 100% by Marathon, hosts two well defined gold deposits with NI 43-101 complaint resources: the Leprechaun gold deposit and the Victory gold deposit. The Leprechaun deposit is located near the southwestern end of the property, and is open at depth and along strike. It has open pit measured and indicated resources containing 659,000 oz Au. The Victory deposit is located 13 km along strike to the northeast. It, too, is open at depth and along strike. The J. Frank zone, which currently extends over an area in excess of 850 meters in length and 250 meters in width, is located up to 500 metres southwest along strike from the current resource boundary of the Leprechaun Gold Deposit. These gold occurrences form part of a 23 km long, highly prospective gold bearing mineralized corridor focused along the Valentine Lake thrust fault.
Information about all of Marathon’s projects in Canada and the United States is available at Marathon-Gold.com.