Marathon Gold Corp. (TSX:MOZ) announced further positive results from drill holes designed to penetrate down through en-echelon stacked quartz-tourmaline-pyrite-gold veining in the Main zone corridor at the Lephrechaun deposit.
Marathon Gold Corp. (TSX:MOZ) announced further positive results from drill holes designed to penetrate down through en-echelon stacked quartz-tourmaline-pyrite-gold (QTP) veining in the Main zone corridor at the Lephrechaun deposit.
Drill highlights include:
- VL-17-655 intersected 2.34 g/t Au over 181 meters with 6.90 g/t Au over 16 meters, 6.35 g/t Au over 5 meters, 3.40 g/t Au over 14 meters, 7.19 g/t Au over 5 meters, 5.67 g/t Au over 4 meters, and 4.26 g/t Au over 10 meters as well as 4.08 g/t Au over 6.4 meters, 1.91 g/t Au over 47 meters, and 2.73 g/t Au over 14 meters.
- VL-17-656 intersected 3.72 g/t Au over 33 meters with 6.19 g/t Au over 16 meters, 19.01 g/t Au over 7 meters with 40.65 g/t Au over 3 meters, 1.84 g/t Au over 34 meters with 4.16 g/t Au over 5 meters and 3.40 g/t Au over 6 meters, and 2.35 g/t Au over 14 meters.
- New drill holes VL-17-655 and VL-17-656, as well as previously released VL-17-653 and VL-17-654, were collared along at 250-meter strike length and drilled down through the shallow SW dipping arrays of en-echelon stacked QTP veining of the Main Zone corridor.
- Re-modelling of the Leprechaun Deposit, with a focus on the Main Zone corridor as well as hanging wall QTP veining, is currently underway in advance of the resource update for the Leprechaun Gold Deposit.
Phillip Walford, president and CEO of Marathon, commented:
The results of these new drill holes have aided in defining the higher-grade mineralization in the Leprechaun Deposit and may likely have a positive effect on the overall grade in the upcoming resource update. Four drill rigs continue to operate at the Marathon Deposit. Marathon Gold Corporation is on track to complete the property-wide resource estimation by early November and begin the PEA.