Share this article

Canada-based mining firm Marathon Gold has intersected additional high-grade near-surface gold intervals from its exploration drilling programme in the Sprite area of the Valentine Lake project.

As part of the programme, the company has intersected wide near-surface intervals of quartz-tourmaline-pyrite (QTP) layered with high-grade gold intercepts.

The Sprite area, which has a current strike length of more than 500m in all directions, has a drilling of about 2km from the Leprechaun Gold Deposit.

Marathon has reported 5.35g per tonne (g/t) of gold over 6m, comprising 11.65g/t of gold over 2.4m in VL-14-553, 4.38g/t of gold over 5.4m, including 10.85g/t over 1.8m in VL-14-561, and 2.73g/t of gold over 8.4m, including 17.56g/t over 1.2m in VL-14-557.

Marathon president and CEO Phillip Walford said the company’s exploration team will focus on the Sprite area when the spring thaw is finished.

"The company’s exploration team will focus on the Sprite area when the spring thaw is finished."

"We have 500m of strike length established by prospecting and drilling and more prospecting to do to extend the known mineralisation," Walford said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

According to the company, five holes that are left over are being assayed and all had intersected quartz pyrite tourmaline mineralisation.

The company has also discovered deeper intercepts of 3.83g/t gold over 5.6m, including 24.25g/t of gold over 0.8m in VL-14-554.

Marathon is currently in the early stages of finalising the summer’s drilling programme for the area.

Image: Location map of Sprite area. Photo: courtesy of Marathon Gold Corporation.