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 Corp

Publié le 25 août 2011

Marathon Discovers New Gold Bearing Quartz Veins with Grab Samples Assaying up to 113.3 g

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter

Marathon Discovers New Gold Bearing Quartz Veins with Grab Samples Assaying up to 113.3 g/t Au



Powered by Q4 Web Systems

TORONTO, Aug. 25, 2011 /CNW/ - Marathon Gold Corporation ("Marathon" or the "Company") (MOZ:TSX) is pleased to announce the discovery while trenching of a new quartz-tourmaline-pyrite vein structure that extends over a 80 meters strike length in an area 1 kilometer southwest from the southern end of the current Leprechaun Gold Deposit resource boundary (Figure 1). Numerous grab samples consisting of quartz-tourmaline-pyrite with coarse visible gold (Plate 1) returned assays of up to 113.30 g/t Au, 28.01 g/t Au, and 15.33 g/t Au.

The high grade gold samples were collected from frost-heaved angular sub-crop located directly overlying and in contact with the newly uncovered quartz-tourmaline-pyrite-gold vein structure (Plate 2). This new gold-bearing vein is part of a larger gold-bearing quartz vein alteration system that currently extends over an area 600 long by 200m wide and is located up to 1.4km southwest along strike from the current resource boundary of the Leprechaun Gold deposit. Additional high-grade gold grab samples have been collected throughout the area. Historical trenching and drilling did not intersect the new vein nor adequately test other mineralization in the area. We plan to drill the area during this fall.

"I have just visited the new vein discovery and observed the visible gold. The alteration, mineralization and vein structure in this new exposure is clearly part of the gold system that currently includes the Leprechaun Gold Deposit located 1 kilometer along strike to the northeast", said Phill Walford, President and CEO for Marathon Gold Corporation. "I am also very encouraged by the additional high grade grab samples occurring within 400 meters to the southwest of the new mineralized vein."

Highlights:

  • High grade grab samples consisting of quartz-tourmaline-pyrite with coarse visible gold returned assays of up to 113.30 g/t Au, 28.01 g/t Au, and 15.33 g/t Au.
  • The quartz-tourmaline-pyrite-gold veining and alteration system extends over an area at least 600m by 200m in size, up to 1.4 km along strike to the SW of the current Leprechaun God Deposit resource boundary, and proximal to the Valentine Lake intrusive structurally controlled contact with the Rogerson Lake conglomerate.
  • Ongoing prospecting and stripping continues to exposes additional quartz veining along strike.
  • Channel sampling continues in the SW Leprechaun area; assays pending.

TABLE 1: Significant Assays from Grab Samples - SW of Leprechaun Gold Deposit

Tag

E_N83

N_N83

Au_g/t

6734

485422

5355476

113.30

5421

485280

5355355

79.11

6753

486318

5355849

55.25

5420

485611

5355482

49.19

6720

486314

5355960

29.04

6741

485457

5355471

28.01

6911

485069

5355394

21.26

6743

485465

5355467

15.33

6739

485450

5355472

11.60

6902

485281

5355354

8.18

6736

485428

5355478

7.38

6733

485420

5355477

7.00

6723

485532

5355656

4.80

6740

485451

5355472

4.74

6754

486333

5355843

4.28

6709

485578

5355481

4.17

6762

486213

5355930

3.01

6905

485206

5355342

2.97

6764

486237

5355962

2.48

6712

485651

5355527

2.40

6705

486307

5355978

2.01

All of the samples were analyzed at Eastern Analytical Laboratory Ltd., in Springdale, Newfoundland. Samples were assayed using lead collection fire assay with AA (atomic absorption) finish. Due to the coarse nature of the gold at the Leprechaun Gold Deposit, the metallic screening method is used on economically important intersections using standard fire assay techniques. The reported values in this release are fire assay results.

About the Valentine Lake Joint Venture
The Valentine Lake Joint Venture is a 50/50 joint venture between Marathon Gold and Mountain Lake. The Leprechaun Gold Deposit is situated at the south-western end of the Valentine Lake Project, and the Valentine East Gold Zone is located 13 km along strike running in a north-easterly direction. These gold occurrences form part of a 23 km long, highly prospective gold-bearing mineralized corridor. Marathon is the operator of the Joint Venture, and the companies have agreed to jointly fund a $6 million budget in 2011 that includes a planned 25,000 meters of drilling.

Leprechaun Gold Deposit
The Leprechaun Gold Deposit has a (news release, December 16, 2010) NI 43-101 compliant Measured and Indicated Resource of 3,284,000 tonnes grading 2.62 g/t gold for a total estimated 277,000 ounces of gold. The inferred mineral resource is 4,409,000 tonnes grading 2.01 g/t gold for an estimated 285,000 ounces of gold. This resource was estimated using a 0.5 g/t gold minimum cut-off over a 3 meter minimum width. The Leprechaun Gold Deposit is open at depth and along strike with 74% of the current Measured and Indicated ounces occurring within 150m of surface.

Sherry Dunsworth, M.Sc., P. Geo., VP of Exploration, Marathon's Qualified Person, 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 together with a project in the prolific Coeur d'Alene Mining District of Idaho. Marathon has a project pipeline consisting of early stage exploration to advanced resource development projects. 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 exploration and resource development has an established record of delivering rapid growth. For more information visit: www.marathon-gold.com

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.

 

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 216,0 millions CA$ (172,7 millions US$, 151,3 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...
07/01/2015Zone Continues Expanding with 2.01 g/t Au over 40.8 meters (...
07/01/2015Marathon Zone Continues Expanding with 2.01 g/t Au over 40.8...
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....
03/12/2014Reports High Metallurgical Process Recoveries of 92.8% to 95...
03/12/2014Marathon Reports High Metallurgical Process Recoveries of 92...
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
04/11/2014Drills 4.14 g/t Au over 11.4 meters (TT) and 3.05 g/t Au ove...
04/11/2014Marathon Drills 4.14 g/t Au over 11.4 meters (TT) and 3.05 g...
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 ...
15/09/2014Summer Drilling in the Sprite Zone Confirms Near Surface Gol...
15/09/2014Marathon's Summer Drilling in the Sprite Zone Confirms Near ...
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)
1,82-8.08%
TORONTO
CA$ 1,82
27/05 17:00 -0,160
-8,08%
Cours préc. Ouverture
1,98 2,05
Bas haut
1,92 2,05
Année b/h Var. YTD
1,82 -  3,17 -42,59%
52 sem. b/h var. 52 sem.
1,82 -  3,64 -38,93%
Volume var. 1 mois
272 358 -20,18%
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
2022-48,30%
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$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
8,15 AU$-0,97%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
3,37 AU$+3,37%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,84 AU$+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
0,61 US$+22,07%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,70 GBX+0,00%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,02 CA$-20,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,30 CA$+3,12%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
11,05 CA$+3,76%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,28 CA$-5,08%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,28 AU$-1,79%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,55 CA$+0,00%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
75,80 US$+2,78%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$+14,29%Trend Power :