Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en
Marathon Gold Announces High Grade Intercept of 33.0 g/t Gold Over 2.6 Meters on the Golden Chest mine
Published : March 16, 2011
( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Cœur D'alene | Jersey |

TORONTO, March 16 /CNW/ - Marathon Gold Corporation (TSX: MOZ) ("Marathon Gold") and New Jersey Mining Company (OTCBB: NJMC) ("NJMC") are pleased to announce the initial results from their core drilling program underway at the Golden Chest mine in Murray, Idaho.  All drill intersections in this release are uncut.

"These initial results from our 2011 drill program demonstrate the high-grade potential of both the Katie and Idaho veins on the Golden Chest deposit," said Phillip Walford President of Marathon Gold Corporation. "Strategically located within a gold belt of the Coeur D'Alene Mining District, we will continue with our 10,000 meter drill program with the goal of completing a 43-101 National Instrument Technical Resource Report by the end of 2011."

Highlights:

  • GC-11-2 returned 33.0 g/t gold over 2.6 m (true thickness) in an area north of the existing reserve and down-dip of the main level - the No. 3 level.
  • GC-11-1 returned 6.25 g/t gold over a 4.4 m (true thickness) in an area further north of the GC-11-2 intercept, and within the 230m unexplored gap where no previous drilling has occurred between the Idaho vein reserve and the Katie-Dora. A hanging wall vein above the Idaho vein was intercepted by both GC-11-1 and GC-11-2, grading 4.90 g/t gold over 1.3 m and 7.83 g/t gold over 1.1 m, respectively.
  • GCU-11-2 intercepted 103.4 g/t gold over 0.8 meters only 5.9 meters from the existing ramp.
  • GC-11-3 intercepted the Idaho vein about 158 meters vertically below the No. 3 level  and is the deepest intercept to date on the Idaho vein.  Assays are pending.

Table 1 - Initial Drill Results at the Golden Chest Mine

DDH  Vein   From (m)   To (m)   Core Width (m)  True Thickness 
(m)
 Gold Uncut 
(g/t)
GC-11-1  H/W   56.1 57.4 1.3 unknown (1) 4.90
   Idaho   165.7 170.3 4.6 4.4 6.25
GC-11-2  H/W 55.4 56.5 1.1 unknown (1) 7.83
   Idaho 152.3 154.9 2.6 2.6 33.00
GCU-11-2   Katie 5.9 6.7 0.8 unknown (1) 103.4

(1) True thickness cannot be calculated until more vein intersections are drilled.

Surface core drilling through the Idaho vein, in an area north of the current reserve, returned 33.0 grams per tonne (g/t) gold over 2.6 meters (m) true thickness including 0.9 m of 62.6 g/t gold in GC-11-2. Visible gold was observed in this Idaho vein intercept.  Hole GCU-11-2 had the highest interval with 103.4 g/t gold over 0,8 m in an area with no reserves or resources. Five surface drill holes have been completed to date with each intercepting the Idaho vein, and extending the vein to the north and down-dip into areas where no previous drilling has taken place.  Assays are pending for holes GC-11-3 to GC-11-5.

An underground drilling program, located about 400 meters north of the surface drilling,  is underway in an area of the mine known as the Katie-Dora area.  Drilling here in GCU-11-2 returned 103.4 g/t over 0.8 meters through the Katie vein.  The underground drilling is focused on exploring for high-grade ore shoots in the northern part of the mine where existing workings provide excellent access to explore the Idaho fault corridor. 

The Golden Chest Mine

The Golden Chest Mine is located two miles east of Murray, Idaho within the gold belt of the Coeur d'Alene Mining District.  Golden Chest LLC operates the mine and is owned 50% by NJMC and 50% by MOZ.  A surface and underground drilling program of at least 10,000 meters is planned for 2011 with the goal of producing a NI 43-101 compliant resource estimate at a later date.

The mine has over 3,900 meters of underground workings and has the permits necessary to drill and operate on the deposit. The property includes 24 patented mining claims and 21 unpatented mining claims covering 206 hectares. The patented claims that cover the mine workings have mineral rights and surface rights enabling the JV to work easily on the mine property.

Gold mineralization can be found along at least 1,500 meters of strike length along the Idaho fault on the property. The veins in the north end of the mine were historically mined at higher grades, estimated to have been 17 g/t gold, whereas the Idaho vein in the south end of the mine was thicker but lower in grade (175 m of vein mining on the main level grading 6.71 g/t) gold. The lowest major level of the Golden Chest mine is the No. 3 level, which is near the valley bottom elevation.The Idaho vein has an SEC compliant proven and probable underground reserve of 242,000 tonnes grading 5.10 g/t gold containing 40,000 ounces (ozs) of gold. The drilling to date has only gone 160 m below the 3rd level and is still in the vein structure. The Idaho vein goes to surface where an historic open pit resource has been estimated gold. This resource is not NI 43-101 compliant.

There are currently two drills working on site, one on surface and one underground. The surface drill will move up slope to drill the open pit resource in the Idaho vein sometime in the second quarter after the snow melts. The underground drill will continue to drill in the northern half of the mine where there is high grade potential.

All of the samples were analyzed by American Analytical of Osburn, Idaho, an ISO certified laboratory.  Samples were analyzed using lead collection fire assay with a gravimetric finish. 

Sherry Dunsworth P.Geo. Vice President Exploration, is Marathon's Qualified Person in compliance with National Instrument 43-101 with respect to this release. Ms Dunsworth has reviewed the contents for accuracy and has approved this press release on behalf of Marathon.

About Marathon Gold Corporation:
Marathon Gold Corporation is one of Canada's newest gold resource development companies, with projects located in the mining friendly province of Newfoundland and Labrador and now a project in the prolific Coeur d'Alene Mining District.  Marathon has a tiered project pipeline consisting of early stage exploration to advanced resource development projects which can be built quickly into mineable reserves.  Marathon is continually evaluating new gold resource development projects of merit that are located within the Americas.  Marathon's focused and low-cost approach to resource development and exploration has an established record of delivering rapid growth.  Marathon Gold Corp. (TSX: MOZ) ("Marathon") is the operator of the Valentine Lake Project under the sub-option and joint venture agreement ("OJVA") between Mountain Lake and Marathon. 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to Marathon Gold, certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "considers", "intends", "targets", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes.  By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold's public filings, which may be accessed at www.sedar.com.  Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results otherwise.

For further information:

Joanna Longo President, Terre Partners
1 (416) 238 1414
Email: jlongo@terrepartners.com
www.marathon-gold.com

Données et statistiques pour les pays mentionnés : Canada | Jersey | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Jersey | Tous

Marathon gold Corp

EXPLORATEUR
CODE : MOZ.TO
ISIN : CA56580Q1028
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Marathon Gold est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont GOLDEN CHEST en USA et VALENTINE LAKE (LEPRECHAUN) au Canada.

Marathon Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 234,9 millions CA$ (187,9 millions US$, 164,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 02 décembre 2010 à 5,25 CA$, et son plus bas niveau récent le 27 novembre 2015 à 0,11 CA$.

Marathon Gold possède 118 660 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Dans les médias de Marathon gold Corp
22/11/2018Marathon Gold advances Marathon deposit with more drilling, ...
Financements de Marathon gold Corp
30/06/2015Closes First Tranche of $3.5M Financing
30/06/2015Closes First Tranche of $3.5M Financing
23/06/2015Announces $3.5 M Financing
12/05/2014Announces Closing of the First Tranche of Private Placement
22/04/2014Announces $2.5 M Financing
Rapports Financiers de Marathon gold Corp
12/11/2013Announces 2013 Q3 Financial Results
12/11/2012Announces 2012 Q3 Financial Results
12/11/2012Announces 2012 Q3 Financial Results
12/11/2012Announces 2012 Q3 Financial Results
29/03/2011Announces 2010 Financial Results
Projets de Marathon gold Corp
31/01/2012(Valentine Lake (leprechaun))Marathon Gold Hits New Gold Intersections with the Start of ...
25/08/2011(Valentine Lake (leprechaun))Marathon Discovers New Gold Bearing Quartz Veins with Grab S...
01/04/2011(Valentine Lake (leprechaun))Marathon Gold Hits 9.68 g/t Au over 12.8m (TW) including 23....
Communiqués de Presse de Marathon gold Corp
14/01/2016Marathon's Valentine Gold Camp Update and Q1 Plans
27/11/2015Marathon Gold Announces Closing of Flow-Through Financing
26/10/2015Marathon Defines 3 km Gold Corridor at the Victory Deposit A...
06/10/2015Exploration Success Continues at the Marathon Deposit; 8.89 ...
15/09/2015Marathon Discovers New High-Grade Gold Zone 550 Meters NE of...
09/09/2015Marathon Deposit Strike Length Doubles to 850 Meters, Valent...
10/08/2015Marathon Gold Announces Q2 2015 Financial Results
30/03/2015Deposit Continues to Expand in Advance of Resource Update, V...
02/03/2015Marathon Hits 3.02 g/t Au over 32.9 meters (TT) in Step-Out ...
17/02/2015The Marathon Gold Zone is now over 350m in Strike Length and...
17/02/2015The Marathon Gold Zone is now over 350m in Strike Length and...
02/02/2015Step out Drilling expands the strike length of the Marathon ...
12/01/2015Marathon Gold Step-Out Drills 2.11g/t Au over 27.5 meters (T...
07/01/2015Marathon Zone Continues Expanding with 2.01 g/t Au over 40.8...
07/01/2015Zone Continues Expanding with 2.01 g/t Au over 40.8 meters (...
10/12/2014Zone Growing with 4.13 g/t Au over 9.9m (TT) and 1.75 g/t A...
10/12/2014Marathon Zone Growing with 4.13 g/t Au over 9.9m (TT) and 1....
03/12/2014Marathon Reports High Metallurgical Process Recoveries of 92...
03/12/2014Reports High Metallurgical Process Recoveries of 92.8% to 95...
25/11/2014Zone Expanding with 2.74 g/t Au over 24.2m (TT), 2.71 g/t Au...
25/11/2014Marathon Zone Expanding with 2.74 g/t Au over 24.2m (TT), 2....
14/11/2014Marathon Gold Announces Q3 2014 Financial Results
04/11/2014Marathon Drills 4.14 g/t Au over 11.4 meters (TT) and 3.05 g...
04/11/2014Drills 4.14 g/t Au over 11.4 meters (TT) and 3.05 g/t Au ove...
30/10/2014Drills 1.71 g/t Au over 44.4 m (TT) in the Newly Discovered ...
30/10/2014Marathon Drills 1.71 g/t Au over 44.4 m (TT) in the Newly Di...
08/10/2014Marathon Announces Discovery of New High-Grade Gold Zone in ...
15/09/2014Marathon's Summer Drilling in the Sprite Zone Confirms Near ...
15/09/2014Summer Drilling in the Sprite Zone Confirms Near Surface Gol...
04/09/2014More Positive Results from Marathon's Rainbow and Sprite Zon...
04/09/2014More Positive Results from Marathon's Rainbow and Sprite Zon...
21/08/2014Marathon Gold Announces Closing of C$4.4 Million Equity Fina...
15/08/2014Marathon Gold Announces Q2 2014 Financial Results
05/08/2014Rambler Continues Its Investment in Marathon Gold
31/07/2014Marathon Gold Announces $3.0 Million Bought Deal, Unit and F...
23/07/2014Discovers New Gold Mineralized Trends over 2 Km at the Sprit...
10/07/2014Trenching and Prospecting Expands the Strike Length of the S...
24/06/2014Hits Gold in Channels 300m North of Leprechaun with 6.19 g/t...
18/06/2014discovers multiple high-grade mineralized veins 300 meters n...
17/04/2014Completes Successful Sprite Zone Winter Drilling Program, Va...
01/04/2014Drilling Expands the Sprite Zone with High-Grade, Near Surfa...
24/03/2014continues to succeed with drilling at the Sprite Area 2.53 g...
19/02/2014Drills New Gold Zone at Sprite Hitting 2.20 g/t Au over 16.8...
10/02/2014Announces Closing of Private Placement and Extension of Dril...
27/01/2014Hits Multiple Gold Intervals in Shallow Drilling at the Vict...
27/01/2014Hits Multiple Gold Intervals in Shallow Drilling at the Vict...
13/01/2014Launches 2014 Drilling Program at the Victory Gold Deposit
11/12/2013Completes Financing with Rambler and Announces Exploration P...
04/12/2013Enters into an Agreement With Rambler Metals and Mining to s...
27/11/2013Juniper Resources Exercise their Option from Marathon Gold t...
20/11/2013Step Out Channel Sampling at the Victory Gold Deposit Return...
03/04/2013Hits 4.14 g/t Au over 11.0 meters (TT) in Near-Surface Drill...
17/01/2013(Golden Chest)Reports NI- 43-101 Resource Estimate Update for the Golden C...
11/01/2013Intersects Near-Surface Gold Mineralization in the SW extens...
11/09/2012(Golden Chest)Extends High-Grade Gold Interval at the Golden Chest Mine, ...
08/09/2011Potential Open Pit Resource Continues to Expand at the Lepre...
30/08/2011Advances Resource Development with In-fill Drilling at the ...
09/06/2011(Golden Chest)Reports High Grade Drill Results from Golden Chest Mine, Ida...
29/03/2011Hits 9.68 g/t Au over 12.8m (TW) including 23.15 g/t Au over...
16/03/2011(Golden Chest)Announces High Grade Intercept of 33.0 g/t Gold Over 2.6 Met...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (MOZ.TO)
1,98-2.46%
TORONTO
CA$ 1,98
20/05 17:00 -0,050
-2,46%
Cours préc. Ouverture
2,03 2,05
Bas haut
1,92 2,05
Année b/h Var. YTD
1,93 -  3,17 -37,54%
52 sem. b/h var. 52 sem.
1,93 -  3,64 -36,74%
Volume var. 1 mois
137 772 -18,85%
24hGold TrendPower© : 27
Produit
Développe
Recherche Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2022-43,75%
202121,80%3,532,13
202071,01%2,990,71
2019125,33%1,760,76
2018-34,78%1,280,65
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
8,10 AU$-1,28%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
3,08 AU$+4,76%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,84 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
0,50 US$-3,27%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,70 GBX-4,39%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,40 CA$-7,36%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
10,65 CA$-1,30%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,30 CA$+1,72%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,28 AU$+1,82%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,76 CA$-2,22%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
69,92 US$+0,59%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+0,00%Trend Power :