Mr. Phillip Walford reports
LEPRECHAUN'S HIGH GRADE GOLD CORE CONTINUES TO EXPAND: 5.72 G/T AU OVER 16.0M, 4.00 G/T AU OVER 26.0M, AND 4.11 G/T AU OVER 13.0M, VALENTINE GOLD CAMP, NL
Marathon Gold Corp. has released continued positive results from a very successful 2019 infill drilling campaign at the Leprechaun deposit. These latest drill results, along with the exciting results of previously released 2019 drill holes in the Main zone corridor, were part of the series of planned infill drill holes that covered a more than 800-metre strike length of the Main zone corridor, penetrated 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, increased gold grade 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. This 69-drill hole, 20,468-metre infill drilling campaign is expected to add significantly to the gold grade and ounces of gold in the next resource update for the Leprechaun deposit which is anticipated to be completed in September, 2019.
"The Leprechaun infill/definition drilling program has been highly successful in extending the Main zone high-grade mineralization for 700 m along strike and to a depth of approximately 250 m. High-grade mineralization has been intersected both near surface and at depth where the PEA resource model has either low grade or gaps," said Phillip Walford, president and chief executive officer of Marathon Gold. "I am really looking forward to the new Leprechaun resource and the results of Marathon infill and definition drilling."
SIGNIFICANT ASSAY INTERVALS, LEPRECHAUN DEPOSIT, VALENTINE GOLD CAMP
DDH From To Core length True thickness Gold
(m) (m) (m) (m) (g/t)
VL-19-729 165 177 12 8.4 2.93
including 166 168 2 1.4 8.39
222 225 3 2.1 1.61
VL-19-730 84 87 3 2.6 0.82
VL-19-731 157 171 14 11.2 2.39
192 195 3 2.4 3.40
VL-19-732 141 149 8 6.4 1.56
178 181 3 2.4 2.27
VL-19-733 66 69 3 2.6 1.11
91 94 3 2.6 1.69
275 279 4 3.4 1.47
286 291 5 4.3 6.92
VL-19-734 102 105 3 2.6 2.76
155 161 6 5.1 6.56
including 157 159 2 1.7 16.68
196 199 3 2.6 4.30
VL-19-735 39 55 16 11.2 5.72
including 43 49 6 4.2 12.93
208 211 3 2.1 2.17
269 282 13 9.1 3.89
including 280 282 2 1.4 11.29
286 289 3 2.1 3.57
VL-19-736 5 8 3 2.4 2.54
100 103 3 2.4 1.01
214 219 5 4.0 2.22
223 236 13 10.4 4.11
including 224 227 3 2.4 10.68
VL-19-737 48 51 3 2.6 1.10
122 125 3 2.6 1.10
183 187 4 3.4 3.49
VL-19-738 2 15 13 10.4 2.84
including 13 15 2 1.6 10.27
22 34 12 9.6 2.93
including 28 30 2 1.6 14.57
VL-19-739 165 168 3 2.4 1.43
179 182 3 2.4 7.16
VL-19-740 13 16 3 2.6 1.28
29 32 3 2.6 2.15
66 74 8 6.8 1.10
143 156 13 11.1 3.03
VL-19-741 45 51 6 4.8 1.01
58 61 3 2.4 3.80
66 69 3 2.4 9.96
103 106 3 2.4 1.46
295 298 3 2.4 1.66
331 334 3 2.4 1.81
338 341 3 2.4 7.25
409 412 3 2.4 1.50
420 423 3 2.4 2.55
VL-19-742 87 91 4 3.2 6.95
119 124 5 4.0 9.73
including 120 122 2 1.6 15.49
VL-19-743 5 8 3 2.4 2.35
13 16 3 2.4 1.38
33 37 4 3.2 1.32
43 46 3 2.4 8.73
52 57 5 4.0 3.55
86 89 3 2.4 9.71
112 118 6 4.8 3.30
162 165 3 2.4 1.06
185 188 3 2.4 1.28
VL-19-744 16 22 6 4.8 4.09
28 31 3 2.4 1.06
73 89 16 12.8 2.90
including 82 86 4 3.2 7.70
96 103 7 5.6 5.90
VL-19-745 49 52 3 2.4 0.98
109 112 3 2.4 10.94
VL-19-746 30 36 6 4.8 2.42
VL-19-747 7 33 26 20.8 4.00
including 15 17 2 1.6 27.50
40 43 3 2.4 1.32
79 82 3 2.4 2.43
101 104 3 2.4 1.08
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 g) with AA 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 table as core lengths and estimated true thickness is 80 per cent to 90 per cent of core length).
About Marathon Gold Corp.
Marathon is a Toronto-based gold company rapidly advancing its 100-per-cent-owned Valentine gold camp located in Newfoundland and Labrador, one of the top mining jurisdictions in the world. Marathon has confirmed the feasibility of the Valentine Gold Camp, which currently hosts four near-surface, mainly pit-shell constrained, deposits with measured resources totalling 1,166,500 ounces of gold at 2.18 grams per tonne, indicated resources totalling 1.524,900 ounces of gold at 1.66 g/t and inferred resources totalling 1,531,600 ounces of gold at 1.77 g/t.
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