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 Zone Growing with 4.13 g/t Au over 9.9m (TT) and 1.75 g/t Au over 19.8 m (TT), Valentine Lake Gold Camp
Published : December 10, 2014
( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Nature |

Marathon Zone Growing with 4.13 g/t Au over 9.9m (TT) and 1.75 g/t Au over 19.8 m (TT), Valentine Lake Gold Camp

TORONTO, Dec. 10, 2014 /CNW/ - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) today announced continued positive drilling results from drill holes MA-14-010 to MA-14-014 in the recently discovered gold-rich Marathon Zone, located 7 kilometers northeast along strike from the Leprechaun Gold Deposit and 5 kilometers southwest along strike from the Victory Gold Deposit, Valentine Lake Gold Camp (Figure 1). The gold-bearing quartz-tourmaline-pyrite (QTP) veining at the Marathon Zone consists of multiple vertical stacked, dominantly shallow SW dipping tensional veining that is identical in appearance to the gold-bearing QTP veining found throughout the rest of the Valentine Lake Gold Camp.

Drill holes MA-14-010 to MA-14-014 intersected wide intervals of gold mineralization hosting narrower high-grade ore shoots and forming part of an expanding Marathon Zone that has a current strike length of over 200 meters. The drilling to date has outlined a near vertical mineralized corridor ranging from 50 to 100 meters in true width and has been drilled currently to a vertical depth of up to 200 meters. A total of 4,131 meters of NQ core has been drilled to date in the Marathon Zone, of which 1,679 meters from drill holes MA-14-015 to MA-14-025 has assays yet to be completed. All assays are expected to be available in early January. The gold mineralization at the Marathon Zone is part of a major QTP-gold vein system that is open along strike and at depth (Figure 1).

Highlights (all drill intercepts reported at true thickness):

  • New wide intervals of gold mineralization include 4.13 g/t Au over 9.9 meters in MA-14-010, 1.75 g/t Au over 19.8 meters in MA-14-012, 3.43 g/t Au over 5.4 meters in MA-14-011 and 1.53 g/t Au over 10.8 meters in MA-14-014
  • New narrow, high-grade gold intervals include 9.66 g/t Au over 0.6 meters, 11.21 g/t Au over 1.7 meters, 7.90 g/t Au over 0.6 meters, 15.49 g/t Au over 0.6 meters and 13.64 g/t Au over 0.6 meters in MA-14-010, 9.32 g/t Au over 1.2 meters in MA-14-011, 6.73 g/t Au over 0.6 meters, 11.22 g/t Au over 0.6 meters in MA-14-012, and 10.86 g/t Au over 0.6 meters in MA-14-013.
  • The initial 14 drill holes in the Marathon Zone have intersected an area of multiple vertical stacked, dominantly shallow SW dipping tensional gold-bearing QTP veining that defines a near vertical mineralized corridor that is currently up to 100 meters wide and 200 meters deep, more than 200 meters in strike length and is open along strike to both the southwest and northeast. Assays are pending for additional drill holes, MA-14-015 to MA-14-025.
  • Drilling currently ongoing at the Marathon Zone is designed to further increase the strike length of this new gold-rich zone and quickly develop significant new open-pit resource(s) in this area proximal to the Valentine Lake Thrust Fault.
  • Drilling has stopped for the year as we await pending assays from remaining drill holes to be completed which will allow us to plan next year's drill program at the Marathon Zone in Q1 of 2015.

"The Marathon crew has done an excellent job throughout 2014 in discovering and drilling off two near surface new gold zones, Sprite and Marathon, at the Valentine Lake Gold Camp as well as discovering several other gold occurrences requiring further work. The high discovery rate of gold this year is attributed to the skills of the crew and the increase in geological knowledge of the property. The Marathon Zone appears to be part of a major gold-bearing alteration corridor open along strike and to depth. We are excited about resuming drilling in early 2015 on the Marathon Zone to increase open-pit gold resources at the Valentine Lake Gold Camp. We have just scratched the surface of this emerging gold camp in Eastern Canada," said Phillip Walford, President and CEO of Marathon. "The recently released metallurgical work, largely funded by Research and Development Corporation of Newfoundland and Labrador, is also a positive step forward in the development of the project".

TABLE 1: Significant assay intervals from the Marathon Zone drill holes MA-14-010 to MA-14-014

DDH*

Section

From

To

Core Length
(m)

TT (m)

Gold (g/t)
(uncut)

MA-14-010

17250

26

33

7

3.9

2.00

including


26

27

1

0.6

9.66



85

89

4

2.2

1.48



135

153

18

9.9

4.13

including


141

144

3

1.7

11.21

including


145

146

1

0.6

7.90

including


152

153

1

0.6

15.49



161

164

3

1.7

3.68



180

188

8

4.4

2.87

including


185

186

1

0.6

13.64

MA-14-011

17280

16

25

9

5.4

3.43

including


22

24

2

1.2

9.32

MA-14-012

17280

11

14

3

1.7

1.99



107

143

36

19.8

1.75

including


112

114

2

1.1

4.50

including


126

127

1

0.6

6.73

including


130

131

1

0.6

11.22

including


141

143

2

1.1

5.02



154

158

4

2.2

1.07

MA-14-013

17300

3

6

3

1.8

0.98



99

107

8

4.8

2.11

including


105

106

1

0.6

10.86



120

123

3

1.8

1.87

MA-14-014

17300

64

67

3

1.8

1.00



96

114

18

10.8

1.53

*Assays pending for MA-14-015 to MA-14-025

All of the samples were fire assayed at Eastern Analytical Laboratory Ltd., in Springdale, Newfoundland.

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 is a Toronto based gold resource company with exploration focused on its 100% owned Valentine Lake Gold Camp located in central Newfoundland. The Valentine Lake Gold Camp currently hosts two near-surface, mainly pit-shell constrained, NI 43-101 compliant gold resources totaling 816,000 oz gold at 2.24 g/t (Measured & Indicated) and 149,000 oz gold at 2.64 g/t (Inferred), (August, 2013). These resources, open along strike and to depth, cover less than 5% of the total length of the highly perspective Valentine Lake Thrust Fault and associated splay faults which host the majority of the gold mineralization within the property. Newly discovered gold zones, including the Sprite Zone and Marathon Zone, have returned wide intervals of near-surface good gold grades and have yet to be incorporated into new gold resources for the Valentine Lake Gold Camp. 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.

SOURCE Marathon Gold Corporation

Image with caption: "Figure 1: Location map showing the location of the new DDH's MA-14-010 to MA-14-014, previously released DDH's MA-14-001 to MA-14-009, and DDH's MA-14-015 to MA-14-025 with assays in progress. (CNW Group/Marathon Gold Corporation)". Image available at: http://photos.newswire.ca/images/download/20141210_C6016_PHOTO_EN_9253.jpg

For further information: Christopher Haldane, Investor Relations Manager, Tel: 1-416-987-0714, E-mail: chaldane@marathon-gold.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | 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 (...
10/12/2014Marathon Zone Growing with 4.13 g/t Au over 9.9m (TT) and 1....
10/12/2014Zone Growing with 4.13 g/t Au over 9.9m (TT) and 1.75 g/t A...
03/12/2014Reports High Metallurgical Process Recoveries of 92.8% to 95...
03/12/2014Marathon Reports High Metallurgical Process Recoveries of 92...
25/11/2014Marathon Zone Expanding with 2.74 g/t Au over 24.2m (TT), 2....
25/11/2014Zone Expanding with 2.74 g/t Au over 24.2m (TT), 2.71 g/t Au...
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 -37,14%
Volume var. 1 mois
137 772 -12,78%
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$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
8,24 AU$+0,92%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
3,02 AU$-1,95%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,84 AU$+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$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,20 CA$-5,88%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$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,26 AU$-7,02%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,30 CA$+6,48%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
71,21 US$+1,84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,04 AU$-16,67%Trend Power :