Mr. Phillip Walford reports
MARATHON DRILLING HITS HIGH-GRADE ZONE AT MARATHON DEPOSIT: 18.66 G/T AU OVER 13 METERS WITH 70.66 G/T AU OVER 2 METERS, VALENTINE LAKE GOLD CAMP, NEWFOUNDLAND
Marathon Gold Corp. has released drill results at the company's 100-per-cent-owned Valentine Lake gold camp, central Newfoundland. The deep targeted infill drill hole MA-18-282 discovered one of the thickest and highest-grade gold intervals found to date within the Marathon deposit. This new mineralization, as well as gold found in other new drill holes, is expected to add significant ounces of gold to the next resource update.
"The success of new drilling at the Marathon deposit is very exciting as we continue to penetrate high-grade gold both along strike and to greater depths. This deposit has grown to be the largest discovered to date at the Valentine Lake gold camp and much more drilling is planned. The high-grade gold intersected in hole MA-18-282 clearly demonstrating the potential for good grades at depth where there are not a lot of drill holes yet," said Phillip Walford, president and chief executive officer. "The widely spaced, shallow drilling in the bog near Sprite is turning up mineralization in every hole so far and will provide targets for follow-up drilling in the next round of drilling after spring breakup. Our PEA remains on schedule for release by mid-May."
SIGNIFICANT ASSAY INTERVALS, MARATHON DEPOSIT, VALENTINE LAKE GOLD CAMP
Hole From (m) To (m) Core length (m) True width (m) Gold (g/t) Gold (g/t, cut)*
MA-18-277 72 76 4 2.8 2.34
including 75 75 1 0.7 7.80
MA-18-279 121 124 3 2.3 1.98
152 162 10 7.5 1.77
including 156 158 2 1.5 5.24
179 182 3 2.3 2.76
MA-18-280 272 276 4 3.2 3.53
including 275 276 1 0.8 7.94
308 327 19 15.2 2.56
including 308 310 2 1.6 5.44
including 324 327 3 2.4 7.83
378 381 3 2.4 7.35
MA-18-281 139 142 3 2.3 1.23
408 411 3 2.3 2.29
451 454 3 2.3 2.16
MA-18-282 36 39 3 2.6 1.57
153 156 3 2.6 2.86
286 289 3 2.6 3.40
379 382 3 2.6 13.55
473 486 13 11.1 18.66 13.77
including 473 476 3 2.6 27.95 23.86
including 481 483 2 1.7 70.66 45.00
517 520 3 2.6 1.76
535 538 3 2.6 2.31
581 584 3 2.6 2.69
589 592 3 2.6 6.46
634 637 3 2.6 6.95
692 695 3 2.6 3.97
No significant assays in MA-18-278.
Fire assays cut to 45 grams per tonne gold.
Acknowledgments
Marathon acknowledges the financial support of the junior exploration assistance program, Department of Natural Resources, government of Newfoundland and Labrador.
Quality assurance/quality control
Sherry Dunsworth, MSc, PGeo, senior vice-president of exploration, Marathon's qualified person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. Thorough QA/QC protocols are followed including the insertion of blanks and standards at regular intervals in each sample batch. Drill core is cut in half with one-half retained at site, the other half tagged and sent to Eastern Analytical Ltd. in Springdale, Nfld. All reported core samples are analyzed for Au by fire assay (30 grams) with AA finish (Au circuit ISO 17025 accredited). All samples above 0.10 g/t Au in economically interesting intervals are further assayed using metallic screen to mitigate the presence of coarse gold. Significant mineralized intervals are reported in the table as core lengths and estimated true thickness (75 to 80 per cent of core length).
About Marathon
Gold Corp.
Marathon is rapidly advancing its 100-per-cent-owned Valentine Lake gold camp located in Newfoundland, one of the top mining jurisdictions in the world. The Valentine Lake gold camp currently hosts four near-surface, mainly pit-shell-constrained, deposits with measured and indicated resources totalling 1,846,500 ounces of gold at 1.88 grams per tonne and inferred resources totalling 1,011,700 ounces of gold at 1.65 g/t.
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