Marathon Gold Corp TSX:MOZ in joint venture with New Jersey Mining Corp announced assays from their Golden Chest Mine in the Coeur d’Alene Mining District of Idaho.
Infill highlights include
4.41 grams per tonne gold over 20.6 metres
(including 10.8 g/t over 7 metres)
9.65 g/t over 7.7 metres
(including 30.3 g/t over 2.4 metres)
1.53 g/t over 17 metres
(including 10.4 g/t over 1.5 metres)
Infill depths extend to 195 metres.
Step-out highlights include
2.04 g/t over 11.9 metres
(including 6.18 g/t over 3.5 metres)
1.56 g/t over 8.4 metres
2.44 g/t over 4.1 metres
(including 8.8 g/t over 1 metre)
Step-out depths extend to 205 metres.
The property is a 50/50 joint venture with New Jersey Mining acting as project operator. The mine has over 3,900 metres of underground workings and the permits necessary to drill and operate on the deposit. The property includes 24 patented mining claims and 70 unpatented mining claims covering 515 hectares. The patented claims that cover the mine workings have mineral and surface rights.
Marathon President/CEO Phillip Walford stated, “We had great success with this year’s drilling program at the Golden Chest Mine and we are pleased to be concluding this program on such a strong note. These final results reveal the presence of a new high-grade gold shoot and the extension of a longer interval that was discovered in May in the Katie and Dora area. Additionally, these concluding results demonstrate that there is the potential to increase the current open-pit resource. As the company’s focus is to generate value through resource expansion, the current resource estimate is being revised based on this year’s drilling results and is expected to be released in the fourth quarter of this year.”
Marathon Gold Corp
by Greg Klein