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Marathon gold Corp

Publié le 26 octobre 2015

Marathon Defines 3 km Gold Corridor at the Victory Deposit Area, Valentine Lake Gold Camp, Newfoundland

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Marathon Defines 3 km Gold Corridor at the Victory Deposit Area, Valentine Lake Gold Camp, Newfoundland

TORONTO, ON--(Marketwired - October 26, 2015) - Marathon Gold Corporation ("Marathon" or the "Company") (MOZ.TO) today announced positive results from continued prospecting and trenching work in the Victory Deposit area, Marathon Deposit, Valentine Gold Camp. New trenching along the southwest end of the current Victory Deposit resource pit outline has exposed additional quartz-tourmaline-pyrite-gold veining that returned 3.34 g/t Au over 5 meters, 1.83 g/t Au over 7 meters, and 1.13 g/t Au over 4 meters (Figure 1). Further prospecting has found QTP-bearing outcrop returning up to 9.49 g/t Au with numerous sample assays still outstanding along a 3km long gold-bearing corridor through the Victory deposit area (Figure 1). Areas of overburden between Victory SW, Victory Deposit and Victory NE contain numerous large angular boulders with abundant QTP veining and present future drill targets as Marathon continues with exploration plans to expand the gold resources in the Victory Deposit area.

About Marathon Gold Corporation

Marathon is a Toronto based gold resource company focused on its 100% owned Valentine Gold Camp located in central Newfoundland. The Valentine Gold Camp currently hosts four near-surface, mainly pit-shell constrained, gold resources totaling 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.83 g/t (Inferred), (April 2015). These resources, open along strike and to depth, cover less than 6% of the total length of the highly prospective Valentine Lake Thrust Fault and associated splay faults which host the majority of the gold mineralization within the property. For more information please visit www.marathon-gold.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to Marathon Gold Corporation, 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 Corporation'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, results or otherwise.

Image Available: http://www.marketwire.com/library/MwGo/2015/10/26/11G068954/Images/10-26-2015_Oct26th_News_Release_Drill_Map-1273832636440.jpg

Lire la suite de l'article sur finance.yahoo.com

Marathon gold Corp

EXPLORATEUR
CODE : MOZ.TO
ISIN : CA56580Q1028
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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 344,1 millions CA$ (272,2 millions US$, 241,1 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.

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Dans les médias de Marathon gold Corp
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02/03/2015Marathon Hits 3.02 g/t Au over 32.9 meters (TT) in Step-Out ...
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03/12/2014Marathon Reports High Metallurgical Process Recoveries of 92...
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14/11/2014Marathon Gold Announces Q3 2014 Financial Results
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27/01/2014Hits Multiple Gold Intervals in Shallow Drilling at the Vict...
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