Geophysical Surveys Outline Additional Targets for Low Sulphidation Epithermal Gold-Silver Mineralization Along Major Structures at the Big Easy Gold Project, Newfoundland

  • 2,000m diamond drilling program planned to start in mid-January 2021 to test Central Anomaly and new IP targets.
  • Two major magnetic trends outlined, West and East Trends, 19km and 20km long, respectively, each with a number of elongated magnetic highs that likely reflect intrusive rocks not previously recognized in this area.

TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), is pleased to report on results of geophysical surveys completed during October, 2020, at its Big Easy Gold project located on the Burin Peninsula in eastern Newfoundland. A helicopter-borne magnetic survey was flown for New Sense Geophysics Ltd. of Markham, Ontario by Newfoundland Helicopters over the southern half of the property to provide high-resolution magnetic coverage over the complete Big Easy property. The northern half of the property was flown by previous operators and is available in the NL Department of Natural Resources assessment files. The program also included induced polarization/resistivity (IP/Res) surveys on a grid located 2.5km south of the ET showing. This program was designed to follow-up the 20km long target zone for epithermal gold-silver mineralization outlined by the summer 2020 program of geological mapping, soil sampling and prospecting (see press release September 29, 2020) to outline potential drill targets. read more

Cartier Iron Extends Major Epithermal Gold-Silver Target Zone to 20Km+ Strike Length at Big Easy Gold Project, Newfoundland

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Cartier Iron Corporation (CSE: CFE) (“Cartier Iron”), is pleased to report on results of a geological mapping, soil sampling and prospecting program completed during July, 2020, at its Big Easy Gold project (see press release July 8, 2020), located on the Burin Peninsula in eastern Newfoundland. The program focused on follow-up of major target areas outlined by magnetic and induced polarization/resistivity (IP/Res) surveys as well as exploration of the potential southern extension of these chargeability zones which have had only limited previous work. read more

Marathon Gold Reports Additional Drill Results from Marathon Deposit at Valentine Gold Project, NL

Results Targeting Marathon SW Main Zone Include 3.99 g/t Au over 29.0m, 3.94 g/t Au over 20.0m, 2.17 g/t Au over 52.0m and 2.25 g/t Au over 18.0m.
T.MOZ, Marathon Gold
October 17, 2019 Drill Map

 Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to report an additional tranche of consistent and positive results from the ongoing infill drilling campaign at the Marathon Deposit, part of the Valentine Gold Project in central Newfoundland. The new drilling continues to delineate significant new zones of Quartz-Tourmaline-Pyrite-Gold (“QTP-Au”) veining in areas of limited previous drilling within the southwestern area of the planned Marathon open pit (Figures 2 and 3). Highlights of the latest drilling include: read more

Marathon Gold Announces Appointment of Hannes Portmann as Chief Financial Officer

T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce the appointment of Hannes Portmann as Chief Financial Officer, effective October 16, 2019. read more

Marathon Gold Reports New Drill Results from Marathon Deposit at Valentine Gold Project, NL

Results Targeting Marathon SW Main Zone Include 4.64 g/t Au over 29.0m, 3.38 g/t Au over 29.0m, 2.36 g/t Au over 39.0m and 2.22 g/t Au over 25.0m
T.MOZ, Marathon Gold
October 2, 2019 Drill Map

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZis pleased to announce positive results from the ongoing infill drilling campaign at the Marathon Deposit, part of the Valentine Gold Project in central Newfoundland. The new drilling continues to successfully demonstrate the occurrence and continuity of gold mineralization both along and across strike of the 1,500-meter long “Main Zone” within the Marathon Deposit, as well as from surface to the base of the currently planned open pit, where mineralization remains open to depth. In particular, the latest results confirm significant new zones of gentle SW-dipping, en-echelon stacked Quartz-Tourmaline-Pyrite-Gold (“QTP-Au”) veining in areas of limited previous drilling within the southwestern area of the planned Marathon open pit. Highlights of the latest drilling include: read more

Marathon Appoints Ausenco Lead Consultant for Valentine Gold Project Pre-Feasibility Study

T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Corporation”; TSX: MOZis pleased to announce the appointment of Ausenco Engineering Canada Inc. (Ausenco) as the lead consultant for the Pre-Feasibility Study (PFS) at Valentine Gold Project in Newfoundland and Labrador. read more

Marathon Announces a $20,061,500 Bought Deal Private Placement

T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company“) (TSX: MOZ) is pleased to announce it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and Sprott Capital Partners (collectively, the “Underwriters“) pursuant to which they have agreed to purchase on a bought deal basis, 2,710,000 flow-through units that will consist of one flow-through share of the Company and one-half of one common share purchase warrant (the “Flow-Through Units“) at a price of C$1.85 per Flow-Through Unit and 11,400,000 common share units that will consist of one common share of the Company and one-half of one common share purchase warrant (the “Common Share Units” and together with the Flow-Through Units, the “Underwritten Securities“) at a price of C$1.32 per Common Share Unit for aggregate gross proceeds of C$20,061,500 (the “Underwritten Offering“). Each whole common share purchase warrant is exercisable into one common share of the Corporation at a price of C$1.60 per common share for a period of 24 months from the Closing Date (as defined herein). read more

Marathon Gold Reports Latest Drill Results from Marathon Deposit at Valentine Gold Project, NL

Results Targeting NE and SW Main Zone Expansion Include 3.36 g/t Au over 13.0m, 3.87 g/t Au over 11.0m, and 1.44 g/t Au over 62.0m
T.MOZ, Marathon Gold
September 3rd, 2019 Drill Map

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is pleased to announce positive results from the start of the infill drilling campaign at the Marathon Deposit, part of the Valentine Gold Project in central Newfoundland. This latest drilling is part of a series of planned infill and exploration drill holes designed to expand the estimate of Mineral Resources at the Marathon Deposit over the more than 1,500-meter strike length of the deposit’s “Main Zone” corridor. Of note, these drill results continue to successfully demonstrate the continuity of gold mineralization both along and across strike of the Main Zone as well as from surface to the base of the currently planned open pit, where mineralization remains open to depth. Highlights of the latest drilling include: read more

Marathon Gold Announces Q2 2019 Financial Results

T.MOZ, Marathon Gold

 Marathon Gold Corporation (MOZ-TSX) (“Marathon”) announced today its financial results for the three and six months ended June 30, 2019. Following the completion of the updated preliminary economic assessment (“PEA”) on the Valentine Gold project in October 2018 and a successful financing transaction in February 2019, Marathon’s focus is on the development of the Valentine Gold project through the completion of a pre-feasibility study (“PFS”) and ultimately to a construction decision. The appointment of Matt Manson as President and Chief Executive Officer of Marathon effective August 19, 2019 strengthens the management team in areas that will be critical as the Company progresses from permitting and feasibility studies through to financing and mine development. read more