Mr. Phillip Walford reports
LEPRECHAUN DEPOSIT INFILL DRILLING CONTINUES TO INTERSECT HIGH-GRADE AND EXTENDS THE HIGH-GRADE ZONE TO 400M LONG AND 300M DEEP VALENTINE GOLD CAMP, NL
Marathon Gold Corp. has released continued excellent results from the infill drilling along the Main zone corridor of the Leprechaun deposit. The drill holes in this release, as well as the previously released 2019 drill holes collared along the upper edge of the Main zone corridor, are part of a series of planned infill drill holes that will cover a more than 800-metre strike length of the Main zone corridor. These drill holes are designed to penetrate down through the shallow southwest-dipping, stacked gold-bearing QTP (quartz-tourmaline-pyrite) veins which form the dominant vein orientation within the Main zone corridor of the Leprechaun deposit, providing increased width to the Main zone corridor and increased continuity the high-grade mineralization extending from surface to the bottom of the open pit and beyond into potential future underground resource development. The current drilling program is designed to both further confirm the geological model for the Leprechaun deposit and to continue to upgrade inferred resource material into the measured and indicated resource categories.
"The drilling at Leprechaun continues to be very successful at expanding the high-grade Main zone as well as confirming lower-grade zones in the hangingwall of the Main zone which is important in reducing the overall strip ratio. The high-grade Main zone mineralization extends further to the south west than previously modeled," said Phillip Walford, president and chief executive officer of Marathon Gold. "The Leprechaun drilling program is exceeding expectations and that will have a positive impact on the new resource estimation due in September."
SIGNIFICANT ASSAY INTERVALS, LEPRECHAUN DEPOSIT, VALENTINE GOLD CAMP
DDH From To Core length True thickness Gold
(m) (m) (m) (m) (g/t)
VL-19-690 63 68 5 4.0 4.55
112 115 3 2.4 2.50
297 303 6 4.8 1.86
312 325 13 10.4 3.43
including 315 318 3 2.4 7.53
331 334 3 2.4 2.79
VL-19-693 124 127 3 2.4 4.57
178 190 12 9.6 2.74
202 205 3 2.4 2.19
250 253 3 2.4 1.01
265 293 28 22.4 3.96
including 279 282 3 2.4 8.60
including 287 288 1 0.8 40.34
VL-19-694 193 197 4 3.4 1.79
217 220 3 2.6 3.88
268 271 3 2.6 1.77
365 382 17 14.5 2.36
including 372 374 2 1.7 6.74
VL-19-695 14 36 22 17.6 1.77
including 25 27 2 1.6 7.45
42 140 98 78.4 2.41
including 45 47 2 1.6 6.69
including 57 59 2 1.6 6.43
including 78 80 2 1.6 5.50
including 83 86 3 2.4 11.82
including 104 109 5 4.0 7.62
including 122 124 2 1.6 7.15
including 131 132 1 0.8 26.03
including 136 137 1 0.8 10.88
178 181 3 2.4 1.35
207 210 3 2.4 1.37
228 241 13 10.4 1.60
including 239 242 3 2.4 3.38
258 273 15 12.0 4.42
including 267 268 1 0.8 12.02
including 270 273 3 2.4 10.48
293 296 3 2.4 1.93
331 352 21 16.8 2.72
including 333 334 1 0.8 12.21
including 347 349 2 1.6 8.75
VL-19-696 199 203 4 3.6 2.47
393 396 3 2.7 3.10
VL-19-697 13 16 3 2.4 1.00
51 54 3 2.4 0.85
112 115 3 2.4 0.68
123 141 18 14.4 2.02
154 162 8 6.4 1.49
169 205 36 28.8 5.45
including 170 172 2 1.6 12.47
including 183 191 8 6.4 8.05
including 199 201 2 1.6 12.16
287 291 4 3.2 1.37
302 305 3 2.4 1.82
322 325 3 2.4 3.17
VL-19-698 245 249 4 3.2 6.80
257 262 5 4.0 2.98
316 319 3 2.4 4.84
VL-19-700 4 11 7 6.0 1.80
including 9 11 2 1.7 4.79
17 20 3 2.6 1.05
37 40 3 2.6 1.71
47 50 3 2.6 3.32
62 91 29 24.7 4.39
including 64 71 7 6.0 11.49
including 73 74 1 0.9 9.25
including 85 86 1 0.9 12.48
106 114 8 6.8 4.29
including 106 107 1 0.9 14.23
including 111 112 1 0.9 8.68
141 144 3 2.6 1.95
180 183 3 2.6 1.26
VL-19-701 405 408 3 2.7 7.08
441 446 5 4.5 2.16
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 (QA/QC)
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 g) with AA (atomic absorption) finish. 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 associated table as core lengths and estimated true thickness (95 per cent of core length).
About Marathon Gold Corp.
Marathon is a Toronto-based gold exploration company 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 2,691,400 ounces of gold at 1.85 grams per tonne and inferred resources totalling 1,531,600 ounces of gold at 1.77 g/t.
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