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Marathon Gold hits the target again at Valentine Lake

Monday, March 13, 2017 6:01
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Marathon Gold Corporation (TSE: MOZ) continues to hit wide intervals of high grade gold at the Marathon deposit in the Valentine Lake Gold Camp in central Newfoundland.

Among the best intercepts were 2.92 grams per tonne gold over 71 meters and 1.88 grams over 136 meters.

In February the company announced that the resource across the company’s property totalled 1,388,200 ounces at 1.91 grams per tonne measured and indicated and 766,500 ounces at 2.24 grams inferred.

The Marathon deposit is the largest deposit on the property with 483,800 ounces grading 1.72 grams measured and indicated and 583,400 ounces grading 2.2 grams inferred

“The Marathon Deposit continues to return very exciting drilling results with these new wide intervals of excellent gold grades to be added to the next resource update,” said Phillip Walford, President and CEO.

“The drilling will continue into spring thaw where possible at the Marathon deposit to maximize the rate of resource definition and expansion.”

Story by ProactiveInvestors


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