Marathon Gold Corporation TSX:MOZ in joint venture with Mountain Lake Resources Inc TSXV:MOA announced assays from the Leprechaun Gold Deposit on the Valentine Lake Property, Newfoundland. Results include 9.68 g/t gold over 12.8 metres (including 23.15 g/t over 4.8 metres), 2.8 g/t over 34.8 metres (including 52 g/t over 0.6 metres) and 4.27 g/t over 16.5 metres (including 11.86 g/t over 3.5 metres). Each company holds 50% of the property and Marathon is the project operator.
Marathon President/CEO Phillip Walford remarked, “The assay results from the Leprechaun Gold Deposit continue to demonstrate the high-grade gold mineralization of the deposit. With these new drill intercepts, we continue to expand the potential open pit boundary and increase the resource both down dip and along strike to the northeast of the deposit.”
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by Ted Niles