Marathon Gold Corp TSX:MOZ in joint venture with New Jersey Mining Company announced assays from their Golden Chest Mine in Murray, Idaho. Highlights include
4.59 g/t gold over 38.5 metres
1.52 g/t over 87.2 metres
1.83 g/t over 36.1 metres
1.27 g/t over 27 metres
(including 13.4 g/t over 1.6 metres)
2.25 g/t over 11.5 metres
0.67 g/t over 28.2 metres
Each company holds a 50% interest in the project, with New Jersey Mining acting as project operator.
Marathon President/CEO Phillip Walford stated, “Since the commencement of this 10,000-metre drilling program, we have had consistent encouraging results at Golden Chest. These intercepts suggest that the open-pit potential extends beyond the historic open-pit resource. We anticipate the release of an NI 43-101-compliant resource estimate in Q1 2012 and in an effort to continue developing and expanding this deposit, Golden Chest will be undergoing an aggressive 25,000-metre drilling program in 2012. We have seen significant advancements at Golden Chest in 2011 and we anticipate further important advancements with the large 2012 drilling program.”
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Marathon Gold Corp
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by Greg Klein