Valentine Lake

Project Highlights


Marathon is a Toronto based gold resource company focused on its 100% owned Valentine Gold Camp located in central Newfoundland. The Valentine Gold Camp currently hosts four near-surface, mainly pit-shell constrained, gold resources totaling 1,388,200 oz. gold at 1.91 g/t (Measured & Indicated) and 766,500 oz. gold at 2.24 g/t (Inferred), (February 2017). These resources, open along strike and to depth, cover less than 10% of the total length of the highly prospective Valentine Lake Thrust Fault and associated splay faults which host the majority of the gold mineralization within the property.

Highlights
  • Well-Funded Exploration Program: 30,000 metres of drilling is to be completed by the end of 2017 at the Valentine Lake Gold Camp.
  • Large Gold System: 20km long gold system known to date, just 10% of the gold trend has been looked at in any great detail, with many drill targets and multiple deposits, Lots of Blue Sky
  • Positive Metallurgical Recoveries: 93% to 98% recoveries via conventional milling. 50% to 70% recoveries at both the Leprechaun and Marathon Deposits through heap leaching.
  • Safe Jurisdiction/Supportive Government: We receive approximately $150,000 of government support per year in exploration grants from the Junior Exploration Assistance program. The Research & Development Corporation of Newfoundland and Labrador have 75% of the last two metallurgical tests.
  • Advanced Environmental Studies: Entering 6th year of environmental studies, we recently completed an Ecological Land Classification report. No red flags to date.


Summary of Resources for the Valentine Lake Gold Camp 2017


Total Property Resource

Summary of Resources
(February 2017)
Open Pit
(0.40 g/t Au cut-off)
Underground
(1.60g Au/t cut-off Marathon Deposit 2.00g Au/t cut-off
Leprechaun)
Total
Total Valentine Gold Camp Deposit (Leprechaun, Sprite, Marathon and Victory) Tonnes
(kt)
Au Grade (g/t) Gold
(oz)
Tonnes
(kt)
Au Grade (g/t) Gold
(oz)
Tonnes
(kt)
Au Grade (g/t) Gold
(oz)
Measured & Indicated 21,800 1.84 1,292,800 770 3.85 95,400 22,570 1.91 1,388,200
Inferred 8,838 1.98 562,600 1,830 3.47 203,900 10,668 2.24 766,500


Valentine Lake