Marathon Assays 2.96 G/T Gold Over 47 Meters At Valentine Gold Project

Marathon Gold (TSX: MOZ) this morning released assay results from nine drill holes conducted at its Valentine Gold Project, located in central Newfoundland. Results come from what is referred to as the Berry Zone, with highlights including 296 g/t gold over 47 metres, including 32.25 g/t gold over one metre and 7.55 g/t gold over 14 metres among others.

The assays released are part of what is referred to as an eploration program that is focused on new discovery. The program is being conducted with a single drill rig, with an additional unit to be mobilized early next month. The full exploration program is being conducted along the six kilometre long Sprite Corridor, which the company refers to as “high-risk, greenfield exploration, with no certainty of success.”

The nine drill holes released this morning consists of both step out and in-fill drilling, which focused on extending the strike length of mineralization. Strike currently is viewed as being 650 metres in length as a result. What is referred to as “intense mineralization: has been intersected, demonstrating veining that is concentrated in a 30 to 50 metre wide zone. Eight of the nine holes released this morning are said to contain significant results.

DDHSectionAzDipFromToCore Length (m)True Thickness (m)Gold g/tGold g/t (cut)
VL-20-82813860E164-467921.5 1.12 
   212210.75 0.91 
   384132.25 1.18 
   10210421.5 1.13 
   12612932.25 1.56 
VL-20-82913790E343-7713241110.45 1.02 
    293232.85 2.93 
    616321.9 11.66 
    10310410.95 1.88 
   10810910.95 0.76 
   11711810.95 17.52 
   14114321.9 10.49 
   1501671716.15 1.03 
   1741942019 2.12 
Including   18118210.95 16.89 
   21221310.95 2.22 
   273283109.5 2.26 
    29029110.95 1.11 
VL-20-83014000E343-75272810.95 0.82 
   555610.95 11.77 
   82961413.3 0.93 
    11311410.95 0.71 
    13413510.95 0.76 
    15415510.95 1.86 
    16416621.9 2.43 
VL-20-83113920E343-77161710.95 1.30 
    757610.95 2.62 
   8494109.5 1.82 
   10210310.95 1.17 
   20120210.95 1.31 
   22823021.9 1.89 
   25926121.9 1.58 
VL-20-83313540E163-62596010.85 3.76 
    717210.85 1.58 
   787910.85 0.72 
VL-20-83413460E343-84131521.9 2.22 
   1211513028.5 2.23 
   12613487.6 6.53 
   18618710.95 0.72 
VL-20-83513420E343-83162043.8 1.55 
   333410.95 32.2530.00
    495010.95 9.89 
   768043.8 1.30 
   10010110.95 10.46 
   11111210.95 10.11 
    14614710.95 27.00 
   15415621.9 5.90 
   1662134744.65 2.962.41
Including   1661801413.3 7.555.69
VL-20-83613450E343-75434410.95 0.83 
   969710.95 1.09 

Marathon Gold last traded at $2.26 on the TSX.


Information for this briefing was found via Sedar and Marathon Gold. The author has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

SSR Mining Drills 19.16 G/T Gold Over 6.98 Metres At Seabee

SSR Mining Inc. (TSX: SSRM) announced this morning the results from its Seabee mine and...

Monday, September 13, 2021, 09:29:00 AM

Trillium Gold To Raise $8.0 Million In Private Placement

Trillium Gold Mines (TSXV: TGM) this morning announced that it will be conducting a financing...

Wednesday, September 2, 2020, 08:22:10 AM

Gold Transactions Heating Up – The Daily Dive feat John-Mark Staude of Riverside Resources

Today on The Daily Dive, we are joined by our bi-weekly commentator John-Mark Staude, CEO...

Tuesday, January 5, 2021, 01:30:00 PM

McLaren Resources: The McCool Transaction

On May 14, 2020, a very interesting transaction was announced in the historic, highly prolific...

Tuesday, June 16, 2020, 12:53:47 PM

Karora Resources Produces 29,831 Gold Ounces, Posts $69.6 Million In Revenue For Q2 2021

Karora Resources Inc. (TSX: KRR) announced this morning its operational and financial results for Q2...

Monday, August 9, 2021, 08:38:08 AM