Marathon Gold Corporation TSX:MOZ in joint venture with Mountain Lake Resources Inc TSXV:MOA announced results from the Leprechaun Gold Deposit on the Valentine Lake Property, Newfoundland. Assays include 1.33 g/t gold over 12 metres, 1.07 g/t over 13 metres (including 10.63 g/t over 1 metre), 1.89 g/t over 5 metres, 2.74 g/t over 3 metres, 7.69 g/t over 3 metres, 2.28 g/t over 6 metres (including 9.06 g/t over 1 metre) and 2.57 g/t over 27 metres (including 16.55 g/t over 3 metres). Each company holds 50% of the property and Marathon is the project operator.
Marathon President/CEO Phillip Walford said, “We are delighted with the discovery of this new near surface mineralization. The wide dilation lenses that we have encountered this year are typical of the Leprechaun Gold Deposit and contain most of its gold resource.”
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by Ted Niles