Menu

Marathon Hits 3.20 g/t over 14.0 meters (TT) — More Drill News to Come with $8 Million Financing, Valentine Lake Gold Camp

November 21, 2016 - releases
Marathon Hits 3.20 g/t over 14.0 meters (TT) — More Drill News to Come with $8 Million Financing, Valentine Lake Gold Camp

Marathon Gold Corporation (T.MOZ) announces further positive results from the fall drilling at the Marathon Deposit, Valentine Gold Camp. Deep drill holes MA-16-130 and MA-16-136, at the current east and west extremities respectively of the resource pit shell, succeeded in intersecting significant intervals of high-grade gold at depth and increasing the overall strike length of the deeper mineralized zone to more than 350 meters (Figure 1). Drill holes MA-16-133 and MA-16-135 intersected shallower levels of good mineralization along the SW end of the 2015 resource pit shell while step-out drill holes MA-16-131 and MA-16-132 pushed SW along strike to intersect good grades at shallow depths. The 50-100-meter-wide true thickness (TT) sub-vertical mineralized corridor of the Marathon Deposit is open along strike and now extends to depth in excess of 350 meters. Drilling remains focused on developing open-pit and underground resources at the Marathon Deposit with two drills working around the clock in advance of an anticipated 2017 resource update. read more

-->