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.

DDH	Section	Az	Dip	From	To	Core Length (m)	True Thickness (m)	Gold g/t	Gold g/t (cut)
VL-20-828	13860E	164	-46	7	9	2	1.5	1.12
				21	22	1	0.75	0.91
				38	41	3	2.25	1.18
				102	104	2	1.5	1.13
				126	129	3	2.25	1.56
VL-20-829	13790E	343	-77	13	24	11	10.45	1.02
				29	32	3	2.85	2.93
				61	63	2	1.9	11.66
				103	104	1	0.95	1.88
				108	109	1	0.95	0.76
				117	118	1	0.95	17.52
				141	143	2	1.9	10.49
				150	167	17	16.15	1.03
				174	194	20	19	2.12
Including				181	182	1	0.95	16.89
				212	213	1	0.95	2.22
				273	283	10	9.5	2.26
				290	291	1	0.95	1.11
VL-20-830	14000E	343	-75	27	28	1	0.95	0.82
				55	56	1	0.95	11.77
				82	96	14	13.3	0.93
				113	114	1	0.95	0.71
				134	135	1	0.95	0.76
				154	155	1	0.95	1.86
				164	166	2	1.9	2.43
VL-20-831	13920E	343	-77	16	17	1	0.95	1.30
				75	76	1	0.95	2.62
				84	94	10	9.5	1.82
				102	103	1	0.95	1.17
				201	202	1	0.95	1.31
				228	230	2	1.9	1.89
				259	261	2	1.9	1.58
VL-20-833	13540E	163	-62	59	60	1	0.85	3.76
				71	72	1	0.85	1.58
				78	79	1	0.85	0.72
VL-20-834	13460E	343	-84	13	15	2	1.9	2.22
				121	151	30	28.5	2.23
				126	134	8	7.6	6.53
				186	187	1	0.95	0.72
VL-20-835	13420E	343	-83	16	20	4	3.8	1.55
				33	34	1	0.95	32.25	30.00
				49	50	1	0.95	9.89
				76	80	4	3.8	1.30
				100	101	1	0.95	10.46
				111	112	1	0.95	10.11
				146	147	1	0.95	27.00
				154	156	2	1.9	5.90
				166	213	47	44.65	2.96	2.41
Including				166	180	14	13.3	7.55	5.69
VL-20-836	13450E	343	-75	43	44	1	0.95	0.83
				96	97	1	0.95	1.09

Marathon Gold last traded at $2.26 on the TSX.

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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.