Marathon Gold Corporation (MOZ.TO), which was just 5 cents below 200-day SMA $1.38 at yesterday's close, announced today that it has hit an intersection with thick intervals of near surface gold-bearing quartz-tourmaline-pyrite alteration containing gold during initial drilling at the J. Frank Zone, Valentine Lake Project.
Phillip Walford, President and CEO, said: "We believe that the new J. Frank Zone discovery will be advantageous for Marathon and hitting this intersection, which contains high grade gold intervals within a more than 80 meter thick quartz-tourmaline-pyrite alteration envelope, provides further encouragement."
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.