{"id":1169210,"date":"2020-03-03T17:04:57","date_gmt":"2020-03-03T23:04:57","guid":{"rendered":"https:\/\/www.mining.com\/?p=1015896"},"modified":"2020-03-03T17:04:57","modified_gmt":"2020-03-03T23:04:57","slug":"marathon-confirms-new-zone-at-valentine-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1169210","title":{"rendered":"Marathon confirms new zone at Valentine"},"content":{"rendered":"<p>Drilling between the Marathon and Leprechaun deposits at\u00a0Marathon Gold\u2019s\u00a0(TSE: MOZ) Valentine Lake project in Canada&#8217;s Newfoundland province has confirmed a new area of mineralization: The Berry zone.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Drill highlights include 55 metres of 2.24 g\/t gold, 8 metres of 3.92 g\/t gold and 8 metres of 3.02 g\/t gold.<\/p>\n<p>The eight holes in the latest release tested a 200-metre long section of the 6-km long Sprite corridor between the Marathon and Leprechaun deposits.<\/p>\n<p>The company&#8217;s stock in Toronto traded at C$1.39 per share, up 6.1% on Tuesday. Marathon&#8217;s market value is C$239.15 million.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p> Marathon plans to drill 32,000 metres within the Sprite Corridor this year<\/p>\n<\/blockquote>\n<\/figure>\n<p>The Berry zone features sequences of stacked quartz-tourmaline-pyrite (QTP) and gold veins. Assays are pending for a further nine holes completed over a 600-metre strike to the northeast, which, based on visual observation, also feature QTP veining and visible gold.<\/p>\n<p>Marathon plans to drill 32,000 metres within the Sprite Corridor this year.<\/p>\n<p>The Valentine project hosts four deposits within a 20-km gold-bearing QTP vein system. <\/p>\n<p>In January, the company released a resource update for the project with measured and indicated resources of 54.9 million tonnes grading 1.75 g\/t gold for a total of 3.1 million oz. and inferred resources of 16.8 million tonnes at 1.78 g\/t for a further 1 million oz. of gold.<\/p>\n<p>The resource includes both underground and open pit portions with high-grade and low-grade subsets for the open pit category. High-grade, open-pit material makes up the bulk of current resource.<\/p>\n<p>A prefeasibility study for Valentine is underway.<\/p>\n<p><em>(This article first appeared in <a href=\"http:\/\/www.canadianminingjournal.com\/\"  rel=\"noreferrer noopener\" aria-label=\"The Canadian Mining Journal) (opens in a new tab)\">The Canadian Mining Journal)<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drilling in Newfoundland has confirmed a new area of mineralization: The Berry zone.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1169210"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1169210"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1169210\/revisions"}],"predecessor-version":[{"id":1169211,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1169210\/revisions\/1169211"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1169210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1169210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1169210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}