canucklehead80
12 years ago
On Strike For Almost 30 Kilometres
Phillip Walford Discusses Marathon’s Nfld Gold Exploration
Kevin Michael Grace
February 13, 2013 - Marathon Gold Corp T.MOZ announced February 7 assay results from six shallow drillholes at the Valentine East Zone of its Valentine Lake Project in Newfoundland. Highlights include:
1.6 grams per tonne gold over 14 metres
including 10.34 g/t gold over 1 metre
1.93 g/t gold over 9.5 metres
including 14.77 g/t gold over 0.95 metres
1.58 g/t gold over 3 metres
including 4.48 g/t gold over 1 metre
2.44 g/t gold over 3 metres
1.23 g/t gold over 3 metres
1.52 g/t gold over 6 metres
2.28 g/t gold over 2.85 metres
1.89 g/t gold over 2.85 metres
The Valentine Lake Project comprises more than 20,000 hectares located 57 kilometres south of Buchans. It can be reached from gravel and paved roads off the Trans-Canada Highway. According to a November 5, 2012, 43-101 resource estimate, its Leprechaun Gold Deposit contains 9.53 million tonnes grading 2.22 g/t gold for 682,000 ounces gold measured and indicated and 1.96 million tonnes grading 2.3 g/t for 145,000 gold ounces inferred.
President/CEO Phillip Walford spoke to Kevin Michael Grace February 8, read the interview here: http://resourceswire.com/2013/02/on-strike-for-almost-30-kilometres/
canucklehead80
12 years ago
Gold In (And On) The Rock
Phillip Walford Discusses Marathon’s Nfld Valentine Lake Project
Kevin Michael Grace
Marathon Gold Corp T.MOZ announced September 13 channel-sample gold assays from veins to the southwest of the J Frank Zone on its 100%-owned Valentine Lake Project, Newfoundland.
The results were:
4.73 grams per tonne gold over 24.68 metres
(including 20.54 g/t over 3.11 metres)
(including 11.22 g/t over 4.2 metres)
0.95 g/t over 4.34 metres
0.19 g/t over 10.38 metres
2.51 g/t over 4.45 metres
Valentine Lake, which comprises more than 20,000 hectares, is located 57 kilometres south of Buchans. It can be reached from gravel and paved roads off the Trans-Canada Highway. According to a March 2012 43-101 resource estimate, the Leprechaun Gold Deposit within Valentine Lake contains (at a 0.5 g/t cutoff) a measured and indicated resource of 6.45 million tonnes grading 2.05 g/t gold, for 424,000 ounces and an inferred resource of 5.74 million tonnes grading 1.65 g/t gold, for 305,000 ounces
Read the rest of this interview with Marathon CEO Phillip Walford on their Valentine Lake project. http://resourceswire.com/2012/09/gold-in-and-on-the-rock/
canucklehead80
13 years ago
Rapid Resource Development
Marathon Moves Quickly In Nfld and Idaho
By Ted Niles
In November 2010 Stillwater Mining Company TSX:SWC.U acquired Marathon PGM Corporation for its eponymous copper-palladium project in northwestern Ontario. The transaction earned Marathon PGM shareholders $118 million and saw the company’s remaining gold assets spun out into Marathon Gold Corporation TSX:MOZ. “Our background is rapid resource development,” says President and CEO Phillip Walford, “developing resources, then into reserves. We did that at Marathon PGM and, if anything, we’re doing it faster here.”
“Here” being the new company’s flagship Valentine Lake gold project, located 55 kilometres south of the town of Buchans, Newfoundland, which Marathon holds in 50/50 joint venture with Mountain Lake Resources Inc TSXV:MOA. Prior to Marathon, the property’s other joint venture partner was Richmont Mines Inc TSX:RIC. “Richmont looked at it from an underground mining point of view and basically walked on it,” Walford comments. “Then we came along and had a look. While Richmont was looking at Valentine from an underground-mining perspective, what I could see there was really, to start with anyway, an open pit. That was our concept, and it seems to be working.”
Read the rest of this article: http://bit.ly/nmpI5t