- Marathon Gold (MOZ) reports additional Berry Zone drill results
- Results include 1.84 g/t Au over 45m, 2.57 g/t Au over 20m, 20.68 g/t Au over 3m, 1.22 g/t Au over 27m
- These latest results represent fire assay data from fifteen drill holes located within the 1.5 kilometres long Berry Zone
- All fifteen drill holes returned “significant” drill intercepts of greater than 0.7 g/t Au
- Marathon Gold Corporation (MOZ) is up 3.35 per cent and is trading at C$2.47 pm ET
Marathon Gold Corporation (MOZ) reports results from the latest drill holes at the Valentine Gold Project in Newfoundland.
These latest results represent fire assay data from fifteen drill holes located within the 1.5 kilometres long Berry Zone.
VL-21-973 intersected 1.84 g/t Au over 45 metres, including 24.18 g/t Au over 2 metres, and 5.46 g/t Au over 6 metres, including 26.48 g/t Au over 1 metre, and
3.45 g/t Au over 9 metres, including 17.79 g/t Au over 1 metre.
All quoted intersections comprise uncut gold assays in core lengths.
Matt Manson, President & CEO, commented,
“These fifteen holes released today represent the second batch of drill results from this year’s $10.5 million exploration program at the Valentine Gold Project."
"A total of 13,695 metres of drilling in 51 drill holes was completed with three rigs at the Valentine Gold Project prior to our annual spring shutdown on March 25," added Manson.
Gold mineralization at the Valentine Gold Project is contained predominantly within shallowly southwest dipping, en-echelon stacked Quartz-Tourmaline-Pyrite-Gold veins.
At the Leprechaun and Marathon Deposits, as well as at the new Berry Zone, these QTP-Au veins form densely stacked and northwest plunging “Main Zone” envelopes within intrusive host rocks on the hanging wall (northwest) side of the Valentine Lake Shear Zone.
The extent of mineralization appears related to the size and frequency of sheared mafic dykes, which extend northeast-southwest within the hanging wall, parallel to the shear zone.
Exploration drilling is generally undertaken in two orientations: down steeply towards the northwest at a high angle to the individual veins and down-plunge of the Main Zone stacking, or obliquely towards the southeast at a low angle of incidence to the individual veins and across the strike of Main Zone mineralization.
All fifteen drill holes returned “significant” drill intercepts of greater than 0.7 g/t Au.
Each drill hole returned additional intercepts with gold grades above the 0.3 g/t Au cut-off used in the November 2020 Mineral Resource Estimate for the Project.
Figure 4 illustrates a characteristic distribution of gold grades from complete fire assay data in seven drill holes on section 14820E, including drill holes VL-21-965, VL-21-968 and VL-21-971 from this release.
Marathon is a Toronto-based gold company advancing its 100 percent-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the world's top mining jurisdictions.
Marathon Gold Corporation (MOZ) is up 3.35 per cent and is trading at C$2.47 pm ET.