NEWFOUNDLAND – Step-out drilling at the Leprechaun gold deposit near Buchans has intersected new high grade mineralization up to 150 metres down-dip from the previously defined Main zone boundary. The Leprechaun deposit is part of the Valentine Lake project owned by Marathon Gold Corp. of Toronto.
Highlights of the drill results included 6.53 g/t Au over 15.3 metres and 2.35 g/t over 29.75 metres, inntersected in the down-dip expansion of the Main zone. The company’s confidence in the on-strike continuity of the zone was increased by assays such as 5.03 g/t Au over 10.0 metres, 4.75 g/t over 7.6 metres, and 7.56 g/t over 5.7 metres.
"The results from this summer's step-out drilling program have been very successful. These new results confirm that the Leprechaun gold deposit is extending to depth. The central part of the deposit continues to exhibit high grade gold mineralization which provides us with further encouragement, as it demonstrates that this deposit has the potential to be mined on surface or underground," said Phillip Walford, president and CEO of Marathon Gold.
Additional information about the Valentine Lake gold project is posted at Marathon-Gold.com.