Marathon Gold Corporation (T.MOZ) is very pleased to announce a new Mineral Resource Estimate for its 100% owned Valentine Lake Property that was prepared under the direction of Micon International Limited (“Micon”) in accordance with National Instrument 43-101 (“NI 43-101”).
The mineral resource is summarized in Table 1 below. The property-wide Measured and Indicated resource has increased by 31% from 1,060,000 oz. Au at a grade of 2.20 g/t to 1,388,200 oz. Au at a grade of 1.91, with 93% of the Measured and Indicated resource occurring in the Open-Pit resource category for the Valentine Lake Property. The Inferred resource has almost tripled to 766,500 oz. Au at a grade of 2.24 g/t Au (Table 2). read more