Marathon Gold ‘prime takeout candidate’: National Bank of Canada analyst (Northern Miner – July 11, 2019)

Northern Miner

Marathon Gold (TSX: MOZ) is on track to release a new resource estimate in September for its Leprechaun deposit in the company’s Valentine Gold camp in Newfoundland and Labrador.

The latest drilling has expanded the high-grade area within Leprechaun’s Main Zone corridor to a strike length over 480 meters with a width of 30 to 100 metres and extending to a depth of 350 metres.

Leprechaun is one of four near-surface deposits, mainly pit-shell constrained, at Marathon’s Valentine Gold camp, and remains open at depth and along strike. The four deposits stretch over a 20-km system of gold-bearing veins.

Highlights from the most recent batch of assay results from Leprechaun include drill hole 19-711, which intersected 4.24 grams gold per tonne over 74 metres, including 9.01 grams gold over 2 meters, 35.54 grams gold over 4 metres, 10.78 grams gold over 3 metres and 17.10 grams gold over 3 meters, as well as 6.94 grams gold over 24 metres including 18.47 grams gold over 4 metres and 20.35 grams gold over 3 metres.

Other notable results were drill hole 19-715, which returned 2.62 grams gold over 31 meters, including 8.11 grams gold over 2 metres, 13.79 grams gold over 2 metres and 5.36 grams gold over 2 meters, as well as 1.03 grams gold over 15 meters near surface.

For the rest of this article:

Comments are closed.