Marathon Gold Corporation TSX:MOZ in joint venture Mountain Lake Resources Inc TSXV:MOA announced assays from the Leprechaun Gold Deposit in the Valentine Lake Property, Newfoundland. Results include 1.32 g/t gold over 3 metres, 3.75 g/t over 67 metres (including 67.15 g/t over 2 metres), 1.06 g/t over 7 metres, 1.06 g/t over 10 metres, 1.34 g/t over 9 metres, 1.22 g/t over 13 metres (including 5.01 g/t over 1 metre), and 0.98 g/t over 15 metres (including 10.74 g/t over 1 metre). Each company holds 50% of the property and Marathon is the project operator.
Marathon VP Exploration Sherry Dunsworth stated, “The discovery of this wide zone of high grade gold mineralization in VL-11-246 is exciting as it represents the potential to expand the northeast boundary of the Leprechaun Gold deposit and pushes the margins of the potential open pit both down dip and into the hanging wall zone. We are looking forward to delineating additional mineralization with future drilling proximal to this new high grade zone.”
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by Ted Niles