Marathon Gold Intersects 2.20 g/t Au over 16.8 meters at Valentine Lake Project

Marathon Gold Corporation (TSX:MOZ) intersected wide intervals of near-surface gold mineralization during exploration drilling in the Sprite Area of the Valentine Lake Project in Newfoundland: 2.20 g/t Au over 16.8 meters true thickness (TT) including 7.36 g/t Au over 1.2 meters (TT) and 6.98 g/t Au over 1.2 meters (TT), and 2.26 g/t Au over 7.2 meters (TT) including 10.02 g/t Au over 1.2 meters (TT).

As quoted in the press release:

Highlights include:

Near surface intercepts of 2.20 g/t Au over 16.8 meters true thickness (TT) including 7.36 g/t Au over 1.2 meters (TT) and 6.98 g/t Au over 1.2 meters (TT), and 2.26 g/t Au over 7.2 meters (TT) including 10.02 g/t Au over 1.2 meters (TT) in VL-14-542.

Near surface intercepts of 2.80 g/t Au over 18.4 meters (TT) including 38.69 g/t Au over 1.20 meters (TT) in VL-14-543.

Additional wide low-grade Au intercepts of 1.29 g/t Au over 7.9 meters (TT) in VL-14-541 and 0.76 g/t Au over 9.6 meters (TT) in VL-14-544.

The current area of exploration drilling covers just 200 meters of a more than 1 kilometer long by up to 250 meter wide gold mineralized alteration halo identified during the 2013 prospecting program. Assays are pending for VL-14-545 to VL-14-547 (Figure 1).

The next phase of winter 2014 drilling in the Sprite NE area will focus on exploring along strike and down-dip of this newly discovered gold-QTP zone as we work towards building another open pit resource in the Valentine Lake Property.

The recent SRK structural study commissioned by Marathon for the Valentine Lake property noted magnetic low areas interpreted as fault splays off the Valentine Lake thrust fault. The Leprechaun and Victory Gold deposits as well as this recent Sprite discovery and numerous other gold occurrences all appear to be spatially associated with magnetic lows. Future work will continue to systematically explore the new prospecting and geophysical targets throughout the property.

Additional winter 2014 drilling will continue with step-out and exploration drilling at the Victory Gold deposit.

Marathon Gold President and CEO, Phillip Walford, said;

With these new wide, near-surface gold intersections we are well on our way to developing another open-pit resource at the Valentine Lake. The combination of the geophysical interpretation of the magnetic data followed by prospecting focused on possible gold bearing fault splays could be very important in advancing the property. The Valentine Lake property has all the elements to be Newfoundland’s next Gold Camp.

Click here to read the Marathon Gold Corporation (TSX:MOZ) press release