- Marathon Gold (MOZ) has released assay results for another 17 drill holes at the Berry deposit
- Highlights include 53.97 g/t gold over 1 metre
- Marathon’s board of directors has now approved a 50,000 metre 2022 exploration program
- The program will focus on the Berry and Victory deposits and includes a prospecting program
- 2022 exploration is underway with three operational drill rigs
- Marathon Gold is a Toronto-based gold company advancing its wholly-owned Valentine Gold Project
- Shares in Marathon Gold (MOZ) are down 1.76 per cent, trading at $2.79 per share
Marathon Gold (MOZ) has released assay results for another 17 drill holes at the Berry deposit.
One of five mineral deposits on the Valentine Gold Project in central Newfoundland, the Berry deposit was the target of Marathon’s 2021 infill drill program.
All but one of the seventeen drill holes were oriented steeply down to the northwest, testing for Main Zone-type gold mineralization.
Highlights from these most recent assays include:
- 7.47 g/t gold over 12 metres including 53.97 g/t gold over 1 metre in hole VL-21-1099;
- 3.80 g/t gold over 23 metres including 33.55 g/t gold over 2 metres in VL-21-1106;
- 7.84 g/t gold over 2 metres including 13.93 g/t gold over 1 metre in VL-21-1101; and
- 1.33 g/t Au over 22 metres, and 16.32 g/t Au over 1 metre in VL-21-1102.
“In total, the inventory of drilling at Berry now stands at approximately 100,000 metres,” commented Marathon president and CEO Matt Manson.
“Assays from sixty-two 2021 Berry drill holes, representing 16,700 metres, remain outstanding,” he added. “Once received, we will commence the next Berry mineral resource estimate.”
Following a successful 2021 exploration program, Marathon’s board of directors has approved a 2022 program consisting of 50,000 metres of diamond drilling, focused on the Berry and Victory deposits.
The 2022 program will also include a prospecting program along the 13 kilometres of geological contact at the Valentine Lake Shear Zone between the Victory Deposit and the eastern boundary of the property.
Marathon considers this area to be highly prospective for gold mineralization, and to have been largely unexplored until now.
According to Mr. Manson, Marathon’s 2022 exploration program is underway with three operational drill rigs.
Marathon Gold is a Toronto-based gold company advancing its wholly-owned Valentine Gold Project located in the central region of Newfoundland and Labrador, one of the top mining jurisdictions in the world.
Shares in Marathon Gold (MOZ) are down 1.76 per cent, trading at $2.79 per share as of 10:13 am EST.