Announcement Date: 2022-04-04
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Marathon Gold Corp.
Project name: Valentine
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 21m @ 7.17g/t Au from 162m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ON – April 4, 2022 – Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to report the latest drill assay results from the Valentine Gold Project in central Newfoundland (the “Project”). The latest drill results represent fire assay data from twenty diamond drill holes completed as part of the 2021 in-fill drill campaign at the 1.5 kilometre long Berry Deposit. Highlights include Gold mineralization at the Valentine Gold Project is contained in Quartz-Tourmaline-Pyrite-Gold (“QTP-Au”) veins developed within granitoid rocks on the hanging wall, or northwest, side of the Valentine Lake Shear Zone (“VLSZ”; Figure 1). Up to four orientations of veins have been measured, with shallowly southwest dipping “Set 1” QTP-Au veins observed to be dominant in both abundance and gold content. At the Leprechaun, Marathon and Berry Deposits, Set 1 QTPAu veins form densely stacked corridors of mineralization referred to as “Main Zones”. The extent and scale of these mineralised corridors appear related to the size and frequency of sheared mafic dykes which extend northeast-southwest within the granitoid rocks, parallel to the shear zone.
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