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 1.61 g/t gold over 3 metres, 1.4 g/t over 13 metres (including 4.45 g/t over 3 metres), 0.96 g/t over 3 metres, 3.45 g/t over 3.5 metres, 3.15 g/t over 21.5 metres (including 9.31 g/t over 2.5 metres). Each company holds 50% of the property and Marathon is the project operator.
Marathon President/CEO Phill Walford stated, “We are very pleased with our early 2011 drill results as this year’s exploration program continues to intersect new wide zones of moderate to locally high grade mineralization and should contribute significantly to our ongoing resource development effort.”
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by Ted Niles