Government of Newfoundland and Labrador

St. John's, Canada

Government of Newfoundland and Labrador

St. John's, Canada

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News Article | April 27, 2017
Site: marketersmedia.com

BURLINGTON, ON / ACCESSWIRE / April 27, 2017 / GTA Resources and Mining Inc. (TSX-V: GTA) (OTC PINK: GTARF) is pleased to provide an update on its recent exploration program at its wholly-owned Burnt Pond base metal VMS (volcanogenic massive sulphide) project in Newfoundland. GTA completed an 874 metre (m), three hole, drill program on its Burnt Pond Zinc-Silver project (the "Burnt Pond Project") located along strike from Teck Resources Ltd.'s past-producing Duck Pond copper-zinc mine in central Newfoundland. This first phase of drilling was directed at two of the numerous base metal VMS targets identified in the 2016 ground geophysics, litho-geochemistry and compilation program on the 114 claim project. This initial stage of drilling has extended the Burnt Pond base metal horizon (the "Burnt Pond Horizon") an additional 250 m to the northeast and had a best intersection of 0.7% zinc and 5.1 grams of silver per tonne ("g/t") over 4.2 m. A summary of the three holes includes: BP-17-01 - this hole tested the South Moose B target (an untested electromagnetic conductor) and intersected a graphitic horizon as the source of the conductor; BP-17-02 - a 250 m step-out from historic drilling on the Burnt Pond Project intersected a 150 m wide package of altered felsic fragmented rocks with anomalous base metals (the Burnt Pond Horizon), including 0.7% zinc and 5.1 g/t silver over 4.2 m near the top of the altered package; BP-17-03 - an additional 200 m step-out from hole 17-02, this hole intersected a sediment package, which management interprets to be a hanging wall of the Burnt Pond Horizon. This initial drill program was successful in confirming the Burnt Pond Horizon is hosted by a thick sequence of highly altered felsic fragmented rocks, which is characteristic of the Duck Pond Mine, which had a pre-mining resource of 6 million tonnes grading approximately 3% Cu, 6% Zn, 60.0 g/t Ag and 0.09 g/t Au from two deposits. These deposits tend to be thick lenses with limited strike and plunge dimensions within the volcanic pile. Drilling to date on the Burnt Pond Project has identified a host stratigraphy, similar to the Duck Pond stratigraphy, with potential to host significant lenses of massive sulphide. Grade potential has been demonstrated at the Burnt Pond Project with historic, third party intersections up to 25.8% zinc, 24.0% lead, 0.8% copper, 791.1 g/t silver and 1.6 g/t gold over 0.37 m within a wider 12 m zone of semi-massive sulphides. Additional drilling is being planned to further test the Burnt Pond Horizon and other similar looking targets within the Burnt Pond Project area. GTA gratefully acknowledges the financial support of the JEA Program, Department of Natural Resources, Government of Newfoundland and Labrador. QA/QC - Wayne Reid, P. Geo., VP Exploration for GTA and a qualified person as defined in National Instrument 43-101, is responsible for this release. He has extensive experience in the exploration for base metals in the Central Newfoundland Mineral Belt and was part of the original team that explored the Duck Pond Belt. ABOUT GTA RESOURCES - GTA is a publicly traded mineral exploration company. It is led by an experienced and successful management team and is focused on exploring for gold and zinc in Canada. GTA is a tightly held company having 42,026,855 shares outstanding, with its Northshore JV partner Balmoral Resources Inc. holding a roughly 6% interest. The Company's shares trade on the TSX Venture Exchange under the symbol "GTA." The Company currently has two projects located in northern Ontario: the 54% owned Northshore Gold Project, near Schreiber and the 100% owned Auden Project near Hearst. GTA also owns a 100% interest in the Burnt Pond Zinc-Silver Project in central Newfoundland, along strike from Teck Resources Limited's past-producing Duck Pond Mine. On behalf of the board of directors, For more information, please visit the corporate website at www.gtaresources.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated content, commencement, duration and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing of the receipt of assay results, and business and financing plans and trends, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include those related to weather, equipment and staff availability; performance of third parties; risks related to the exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies and in commodity prices; and uncertainties about the availability of additional financing; risks related to the Company's ability to identify one or more economic deposits on the properties, and variations in the nature, quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company's ability to obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related to the Company's ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States. BURLINGTON, ON / ACCESSWIRE / April 27, 2017 / GTA Resources and Mining Inc. (TSX-V: GTA) (OTC PINK: GTARF) is pleased to provide an update on its recent exploration program at its wholly-owned Burnt Pond base metal VMS (volcanogenic massive sulphide) project in Newfoundland. GTA completed an 874 metre (m), three hole, drill program on its Burnt Pond Zinc-Silver project (the "Burnt Pond Project") located along strike from Teck Resources Ltd.'s past-producing Duck Pond copper-zinc mine in central Newfoundland. This first phase of drilling was directed at two of the numerous base metal VMS targets identified in the 2016 ground geophysics, litho-geochemistry and compilation program on the 114 claim project. This initial stage of drilling has extended the Burnt Pond base metal horizon (the "Burnt Pond Horizon") an additional 250 m to the northeast and had a best intersection of 0.7% zinc and 5.1 grams of silver per tonne ("g/t") over 4.2 m. A summary of the three holes includes: BP-17-01 - this hole tested the South Moose B target (an untested electromagnetic conductor) and intersected a graphitic horizon as the source of the conductor; BP-17-02 - a 250 m step-out from historic drilling on the Burnt Pond Project intersected a 150 m wide package of altered felsic fragmented rocks with anomalous base metals (the Burnt Pond Horizon), including 0.7% zinc and 5.1 g/t silver over 4.2 m near the top of the altered package; BP-17-03 - an additional 200 m step-out from hole 17-02, this hole intersected a sediment package, which management interprets to be a hanging wall of the Burnt Pond Horizon. This initial drill program was successful in confirming the Burnt Pond Horizon is hosted by a thick sequence of highly altered felsic fragmented rocks, which is characteristic of the Duck Pond Mine, which had a pre-mining resource of 6 million tonnes grading approximately 3% Cu, 6% Zn, 60.0 g/t Ag and 0.09 g/t Au from two deposits. These deposits tend to be thick lenses with limited strike and plunge dimensions within the volcanic pile. Drilling to date on the Burnt Pond Project has identified a host stratigraphy, similar to the Duck Pond stratigraphy, with potential to host significant lenses of massive sulphide. Grade potential has been demonstrated at the Burnt Pond Project with historic, third party intersections up to 25.8% zinc, 24.0% lead, 0.8% copper, 791.1 g/t silver and 1.6 g/t gold over 0.37 m within a wider 12 m zone of semi-massive sulphides. Additional drilling is being planned to further test the Burnt Pond Horizon and other similar looking targets within the Burnt Pond Project area. GTA gratefully acknowledges the financial support of the JEA Program, Department of Natural Resources, Government of Newfoundland and Labrador. QA/QC - Wayne Reid, P. Geo., VP Exploration for GTA and a qualified person as defined in National Instrument 43-101, is responsible for this release. He has extensive experience in the exploration for base metals in the Central Newfoundland Mineral Belt and was part of the original team that explored the Duck Pond Belt. ABOUT GTA RESOURCES - GTA is a publicly traded mineral exploration company. It is led by an experienced and successful management team and is focused on exploring for gold and zinc in Canada. GTA is a tightly held company having 42,026,855 shares outstanding, with its Northshore JV partner Balmoral Resources Inc. holding a roughly 6% interest. The Company's shares trade on the TSX Venture Exchange under the symbol "GTA." The Company currently has two projects located in northern Ontario: the 54% owned Northshore Gold Project, near Schreiber and the 100% owned Auden Project near Hearst. GTA also owns a 100% interest in the Burnt Pond Zinc-Silver Project in central Newfoundland, along strike from Teck Resources Limited's past-producing Duck Pond Mine. On behalf of the board of directors, For more information, please visit the corporate website at www.gtaresources.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated content, commencement, duration and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing of the receipt of assay results, and business and financing plans and trends, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include those related to weather, equipment and staff availability; performance of third parties; risks related to the exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies and in commodity prices; and uncertainties about the availability of additional financing; risks related to the Company's ability to identify one or more economic deposits on the properties, and variations in the nature, quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company's ability to obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related to the Company's ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.


News Article | April 27, 2017
Site: www.accesswire.com

BURLINGTON, ON / ACCESSWIRE / April 27, 2017 / GTA Resources and Mining Inc. (TSX-V: GTA) (OTC PINK: GTARF) is pleased to provide an update on its recent exploration program at its wholly-owned Burnt Pond base metal VMS (volcanogenic massive sulphide) project in Newfoundland. GTA completed an 874 metre (m), three hole, drill program on its Burnt Pond Zinc-Silver project (the "Burnt Pond Project") located along strike from Teck Resources Ltd.'s past-producing Duck Pond copper-zinc mine in central Newfoundland. This first phase of drilling was directed at two of the numerous base metal VMS targets identified in the 2016 ground geophysics, litho-geochemistry and compilation program on the 114 claim project. This initial stage of drilling has extended the Burnt Pond base metal horizon (the "Burnt Pond Horizon") an additional 250 m to the northeast and had a best intersection of 0.7% zinc and 5.1 grams of silver per tonne ("g/t") over 4.2 m. A summary of the three holes includes: This initial drill program was successful in confirming the Burnt Pond Horizon is hosted by a thick sequence of highly altered felsic fragmented rocks, which is characteristic of the Duck Pond Mine, which had a pre-mining resource of 6 million tonnes grading approximately 3% Cu, 6% Zn, 60.0 g/t Ag and 0.09 g/t Au from two deposits. These deposits tend to be thick lenses with limited strike and plunge dimensions within the volcanic pile. Drilling to date on the Burnt Pond Project has identified a host stratigraphy, similar to the Duck Pond stratigraphy, with potential to host significant lenses of massive sulphide. Grade potential has been demonstrated at the Burnt Pond Project with historic, third party intersections up to 25.8% zinc, 24.0% lead, 0.8% copper, 791.1 g/t silver and 1.6 g/t gold over 0.37 m within a wider 12 m zone of semi-massive sulphides. Additional drilling is being planned to further test the Burnt Pond Horizon and other similar looking targets within the Burnt Pond Project area. GTA gratefully acknowledges the financial support of the JEA Program, Department of Natural Resources, Government of Newfoundland and Labrador. QA/QC - Wayne Reid, P. Geo., VP Exploration for GTA and a qualified person as defined in National Instrument 43-101, is responsible for this release. He has extensive experience in the exploration for base metals in the Central Newfoundland Mineral Belt and was part of the original team that explored the Duck Pond Belt. ABOUT GTA RESOURCES - GTA is a publicly traded mineral exploration company. It is led by an experienced and successful management team and is focused on exploring for gold and zinc in Canada. GTA is a tightly held company having 42,026,855 shares outstanding, with its Northshore JV partner Balmoral Resources Inc. holding a roughly 6% interest. The Company's shares trade on the TSX Venture Exchange under the symbol "GTA." The Company currently has two projects located in northern Ontario: the 54% owned Northshore Gold Project, near Schreiber and the 100% owned Auden Project near Hearst. GTA also owns a 100% interest in the Burnt Pond Zinc-Silver Project in central Newfoundland, along strike from Teck Resources Limited's past-producing Duck Pond Mine. On behalf of the board of directors, For more information, please visit the corporate website at www.gtaresources.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This press release contains forward-looking statements and forward-looking information (collectively, "forward looking statements") within the meaning of applicable Canadian and United States securities laws. All statements, other than statements of historical fact, included herein, including statements regarding the anticipated content, commencement, duration and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the timing of the receipt of assay results, and business and financing plans and trends, are forward-looking statements. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions or are those which, by their nature, refer to future events. Although the Company believes that such statements are reasonable, there can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future performance, and that actual results may differ materially from those in forward-looking statements. Important factors that could cause actual events and results to differ materially from the Company's expectations include those related to weather, equipment and staff availability; performance of third parties; risks related to the exploration stage of the Company's projects; market fluctuations in prices for securities of exploration stage companies and in commodity prices; and uncertainties about the availability of additional financing; risks related to the Company's ability to identify one or more economic deposits on the properties, and variations in the nature, quality and quantity of any mineral deposits that may be located on the properties; risks related to the Company's ability to obtain any necessary permits, consents or authorizations required for its activities on the properties; and risks related to the Company's ability to produce minerals from the properties successfully or profitably. Trading in the securities of the Company should be considered highly speculative. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including the latest technical reports filed with respect to the Company's mineral properties. This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.


TORONTO, ON--(Marketwired - February 28, 2017) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) is pleased to announce continued drilling success at the Valentine Lake Gold Camp with the intersection of wide intervals of excellent grade gold including 2.12 g/t Au over 125 meters and 4.08 g/t Au over 43 meters in MA-17-162, and 1.91 g/t Au over 82 meters and 3.20 g/t Au over 22 meters in MA-17-163. The results from MA-17-162 are included in the latest property wide gold resource totaling 1,388,200 oz. Au at 1.91 g/t (Measured & Indicated) and 766,150 oz. Au at 2.24 g/t (Inferred), (press release dated February 21, 2017). The results of MA-17-163, MA-17-164 and ongoing drilling will be included in further resource update expected to be completed later in 2017. The February 2017 resource update at the Marathon Deposit has outlined a substantially larger resource pit shell which now extends along strike for almost 1500 meters and has a width of up to 750 meters (Figure 1). The mineralized corridor of the Marathon Deposit that contains the deep mineralization has a current well defined strike length of over 550 meters, has been traced to depths of more than 500 meters, and is open both along strike and to depth. This sub-vertical, 50 to 100-meter wide mineralized structure consists of tightly spaced and gently-SW dipping arrays of en-echelon stacked quartz-tourmaline-pyrite-gold (QTP) veining. Drilling continues with 23,000 meters remaining in 2017 with particular focus at the Marathon and Leprechaun Deposits. Marathon has commissioned a seismic company, Acoustic Zoom Inc., to conduct an innovative seismic survey over the Marathon Deposit and for 2 km along strike to the southwest of the deposit along the mineralized corridor in an area of the property which is covered by bog and overburden. The purpose of this survey is to detect the vein swarms that comprise the deposit along strike from surface to a depth of 1000 meters. All gold mineralization to date is in veins. This method, if successful, will provide both shallow and deep targets for immediate drilling in the Marathon corridor and make blind vein systems more readily detectable when applied elsewhere on the property. "These are exciting times for Marathon Gold as our drilling continues to generate wide intervals of increasing gold grades in the mineralized corridor of the Marathon Deposit. Given that the deposit remains open along strike and at depth, there exists an even greater potential for increasing the resource", commented Phillip Walford, President and CEO. "Our main objective for the continuing 2017 drilling campaign is to realize rapid growth of additional gold resources as we aim towards an updated resource and PEA." Marathon Gold Corporation acknowledges the financial support of the JEA Program, Department of Natural Resources, Government of Newfoundland and Labrador. The Research and Development Corporation of Newfoundland and Labrador has granted approximately 75% of the costs of the current metallurgical program to Marathon Gold and we appreciate this support. Sherry Dunsworth, M.Sc., P. Geo., SVP of Exploration, Marathon's Qualified Person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. Thorough QA/QC protocols are followed including the insertion of blanks and standards at regular intervals in each sample batch. Drill core is cut in half with one half retained at site, the other half tagged and sent to Eastern Analytical Ltd. in Springdale, Newfoundland. All reported core samples were analyzed for Au by fire assay (30g) with AA finish. All samples above 0.10 g/t Au in economically interesting intervals are further assayed using metallic screen to mitigate the presence of coarse gold. Significant mineralized intervals are reported in Table 1 as core lengths and estimated true thickness (80% to 95% of core length). Marathon is a gold exploration company rapidly advancing its 100% owned Valentine Lake Gold Camp located in Newfoundland, one of the top mining jurisdictions in the world. The Valentine Lake 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 occur over a 20-km system of gold bearing veins. Much of the 24,000-hectare property has not been explored in detail to date. Drilling in 2017 will continue to focus on expanding the Marathon Deposit at surface and to depth. The property is accessible by a year-round road, and is located near Newfoundland's electrical grid. The Company has constructed and maintains a 50-person all-season camp at the property. Recent metallurgical tests have demonstrated 93% to 98% recoveries via conventional milling and 50% to 70% recoveries via low cost heap leaching at both the Leprechaun and Marathon Deposits.To find out more information on the Valentine Lake Gold Camp please visit www.marathon-gold.com. Except for statements of historical fact relating to Marathon Gold Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "considers", "intends", "targets", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation's public filings, which may be accessed at www.sedar.com. Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.


TORONTO, ON--(Marketwired - December 14, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) is very pleased to announce continued growth of the underground high-grade zone of the Marathon Deposit, Valentine Lake Gold Camp. The new deeper drilling succeeded in intersecting wide intervals of high-grade gold at depth including 6.31 g/t Au (uncut) over 17.0 meters in MA-16-149 and 7.77 g/t Au over 5.0 meters in extended MA-16-115. The overall strike length of the deeper mineralized zone of the Marathon Deposit now exceeds 400 meters (Figure 1). Drilling success was also achieved in shallow infill drilling, hanging-wall drilling and southwest step-out drilling with infill drill hole MA-16-146 intersecting 2.22 g/t Au over 24.0 meters including 14.78 g/t Au over 2.0 meters as well as 3.39 g/t Au over 6.0 meters, hanging-wall drill hole MA-16-139 intersecting 11.63 g/t Au (uncut) over 10.0 meters including 55.91 g/t Au (uncut) over 2.0 meters and 2.17 g/t Au over 11.0 meters including 4.24 g/t Au over 5.0 meters, and step-out drill hole MA-16-144 intersecting 6.77 g/t Au over 6.0 meters including 17.29 g/t Au over 2.0 meters. The 50-100-meter-wide (TT) sub-vertical mineralized corridor of the Marathon Deposit is open along strike and now extends to depth in excess of 350 meters. Drilling has now stopped for the Christmas season and will resume again in early January with two drills focused on developing more open-pit and underground resources in anticipated of the 2017 resource update. "Marathon Gold Corporation has been extremely successful throughout 2016. The Company has had very positive drill results to be added to the forthcoming 2017 resource update, announced very positive new metallurgical results for both traditional milling and heap leach options at the Marathon and Leprechaun Deposits, and raised $8 M of flow through financing. Combined with $3 M in treasury. Marathon is positioned to aggressively continue exploring primarily with drill for new resources throughout 2017," said Phillip Walford, President and CEO of Marathon. "We thank all the Marathon crew for their dedication and hard-work in making 2016 such a successful exploration year, wish all a very Merry Christmas, and look forward to another successful exploration year as we focus on maximizing the forthcoming resource update planned for the second quarter of 2017." TABLE 1: Significant fire assay intervals from drill holes MA-16-137, MA-16-139 to MA-16-142, MA-16-144, MA-16-146 to MA-16-149 and extended MA-16-115, Marathon Gold Deposit, Valentine Lake Gold Camp. All of the samples were fire assayed at Eastern Analytical Laboratory Ltd., in Springdale, Newfoundland. Marathon Gold Corporation acknowledges the financial support of the JEA Program, Department of Natural Resources, Government of Newfoundland and Labrador. The Research and Development Corporation of Newfoundland and Labrador has granted approximately 75% of the costs of the current metallurgical program to Marathon Gold and we appreciate this support. Sherry Dunsworth, M.Sc., P. Geo., VP of Exploration, Marathon's Qualified Person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. Marathon is a Toronto based gold resource company focused on its 100% owned Valentine Lake Gold Camp located in central Newfoundland. The Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, gold resources totaling 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.85 g/t (Inferred), (April 2015). 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. For more information please visit www.marathon-gold.com. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Except for statements of historical fact relating to Marathon Gold Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "considers", "intends", "targets", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation's public filings, which may be accessed at www.sedar.com. Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.


TORONTO, ON--(Marketwired - November 21, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) announces further positive results from the fall drilling at the Marathon Deposit, Valentine Gold Camp. Deep drill holes MA-16-130 and MA-16-136, at the current east and west extremities respectively of the resource pit shell, succeeded in intersecting significant intervals of high-grade gold at depth and increasing the overall strike length of the deeper mineralized zone to more than 350 meters (Figure 1). Drill holes MA-16-133 and MA-16-135 intersected shallower levels of good mineralization along the SW end of the 2015 resource pit shell while step-out drill holes MA-16-131 and MA-16-132 pushed SW along strike to intersect good grades at shallow depths. The 50-100-meter-wide true thickness (TT) sub-vertical mineralized corridor of the Marathon Deposit is open along strike and now extends to depth in excess of 350 meters. Drilling remains focused on developing open-pit and underground resources at the Marathon Deposit with two drills working around the clock in advance of an anticipated 2017 resource update. "The recent $8 million flow through financing combined with the $3 million already in the treasury has put Marathon in a strong position to aggressively drill for resource expansion on the Valentine Lake property for the remainder of this year and 2017. We are delighted by the consistent growth of both the higher-grade underground mineralized corridor as well as shallower open-pit mineralization as we push southward from the 2015 Marathon Deposit resource pit shell," said Phillip Walford, President and CEO of Marathon. Also we now have the finances to test the underground potential of the Leprechaun Deposit in the coming year. "Two drills continue working round-the-clock at the Marathon Deposit as we focus on maximizing the 2017 resource update planned for the second quarter of 2017." All of the samples were fire assayed at Eastern Analytical Laboratory Ltd., in Springdale, Newfoundland. Marathon Gold Corporation acknowledges the financial support of the JEA Program, Department of Natural Resources, Government of Newfoundland and Labrador. The Research and Development Corporation of Newfoundland and Labrador has granted approximately 75% of the costs of the current metallurgical program to Marathon Gold and we appreciate this support. Sherry Dunsworth, M.Sc., P. Geo., VP of Exploration, Marathon's Qualified Person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. 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 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.85 g/t (Inferred), (April 2015). 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. For more information please visit www.marathon-gold.com. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Except for statements of historical fact relating to Marathon Gold Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "considers", "intends", "targets", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation's public filings, which may be accessed at www.sedar.com. Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.


TORONTO, ON--(Marketwired - February 13, 2017) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) is delighted to announce continued success in intersecting wide intervals of excellent grade gold in new drill holes from the 2017 winter drilling campaign at the Marathon Deposit, Valentine Lake Gold Camp. Best intercepts included 3.92 g/t Au (uncut) over 75.0 meters with 9.46 g/t Au over 5.0 meters and 33.39 g/t Au (uncut) over 5.0 meters in MA-17-160, and 3.84 g/t Au (uncut) over 60.0 meters with 11.90 g/t (uncut) over 9.0 in MA-17-161. The Marathon Deposit has a current well defined strike length of over 550 meters, has been traced to depth more than 500 meters, and is open both along strike and to depth. The sub-vertical and 50 to 100-meter wide main mineralized corridor of the Marathon Deposit consists of tightly spaced and gently-SW dipping arrays of en-echelon stacked quartz-tourmaline-pyrite-gold (QTP) veining. The new near-vertical drill holes MA-17-160 and MA-17-161, as well as previously released near-vertical drill holes MA-17-158 and MA-17-159 (Figure 1), were designed to penetrate from surface to as much as 500-meters depth through these stacked, flat laying, en-echelon quartz-tourmaline-pyrite-gold bearing vein arrays, thus proving the continuity of the gold mineralization both vertically as well as along strike through the Marathon Deposit. The geometry of the gently dipping and vertically stacked QTP veining is analogous to the stacking of packets of cards within a deck of cards that are separated by small zones of more weakly gold mineralized rock. This style of gold veining is common to orogenic gold systems, such as the Val-d'Or district, Quebec. These latest excellent drill results will be incorporated into the upcoming resource update for the Marathon Deposit which is expected to be released by the end of February, 2017. A second resource update, expected to be completed later this year, will be property wide at the Valentine Lake Gold Camp. Drilling with two rigs now continues around the clock at the Marathon Deposit. "We are very excited by the continued success of our Marathon Deposit drilling which is proving up our model of a sub-vertical, 50 to 100-meter wide mineralized corridor composed of close-stacked and shallow SW dipping quartz-tourmaline-pyrite-gold vein arrays. The new drilling has intersected consistent good open-pit and underground minable gold grades to more than 500-meters vertical depth. Our main goal at the Marathon Deposit is expanding the mineralized corridor further to the SW along strike this year", said Phillip Walford, President and CEO of Marathon. The aggressive 2017 winter drilling campaign continues as we look forward to the release of the Marathon Deposit resource update in later February, 2017. All of the samples were fire assayed at Eastern Analytical Laboratory Ltd., in Springdale, Newfoundland. Marathon Gold Corporation acknowledges the financial support of the JEA Program, Department of Natural Resources, Government of Newfoundland and Labrador. The Research and Development Corporation of Newfoundland and Labrador has granted approximately 75% of the costs of the current metallurgical program to Marathon Gold and we appreciate this support. Sherry Dunsworth, M.Sc., P. Geo., VP of Exploration, Marathon's Qualified Person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. All core samples were collected using established QC/QA protocols including insertion of blanks, standards and duplicates at regular intervals in each sample batch. All reported core samples were analyzed for Au by fire assay (30g) with AA finish at Eastern Analytical Limited, Springdale, NL. Significant mineralized intervals are reported in Table 1 as core lengths and estimated true thickness (95% of core length). Marathon Gold Corporation (TSX: MOZ) is a gold exploration company rapidly advancing its 100% owned Valentine Lake Gold Camp located in Newfoundland, one of the top mining jurisdictions in the world. The Valentine Lake property currently hosts four near-surface, mainly pit-shell constrained, gold resources totaling 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.85 g/t (Inferred), (April 2015). These resources occur over a 20-km system of gold bearing veins -- much of the 24,000-hectare property has not been explored in detail to date. The 2016 drilling campaign at the Marathon Deposit has outlined a significant underground resource in addition to the current resource. Drilling in 2017 will continue to focus on expanding the Marathon Deposit at surface and to depth with a resource update expected by the end of February 2017. The property is accessible by year-round round, and is located within Newfoundland's electrical grid. The Company has constructed and maintains a 50-person all-season camp at the project. Recent metallurgical tests have demonstrated 93% to 98% recoveries via conventional milling and 50% to 70% recoveries via low cost heap leaching at both the Leprechaun and Marathon Deposits.To find out more information on the Valentine Lake Gold Camp please visit www.marathon-gold.com. Except for statements of historical fact relating to Marathon Gold Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "considers", "intends", "targets", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation's public filings, which may be accessed at www.sedar.com. Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.


TORONTO, ON--(Marketwired - November 02, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (TSX: MOZ) announces very positive results from continued drilling at the Marathon Deposit, Valentine Gold Camp. New drill holes MA-16-121, MA-16-122, MA-16-125, MA-16-127, MA-16-128 and MA-16-129 intersected significant intervals of good-grade gold mineralization at both shallow and deeper intervals within the Marathon Deposit area. Deeper drill holes MA-16-127, MA-16-128 and MA-16-129, along with previously reported drill holes MA-16-116, MA-16-113, MA-16-112, MA-16-111, MA-16-107, MA-16-101, MA-15-032 and MA-15-047, have all intersected wide intervals of higher grade gold at depth and define the deeper mineralized corridor within the Marathon Deposit (Figure 1). Step-out drilling to the southwest continued to intersect shallow as well as deeper mineralization. The 50-100-meter-wide (TT) subvertical mineralized corridor of the Marathon Deposit is open along strike and now extends to depth in excess of 350 meters. A second drill commenced operation at the Marathon Deposit on October 28, 2016 in advance of the anticipated 2017 resource update. "Ongoing exploration success at the Marathon Deposit area is very exciting as we keep expanding gold resources for the Valentine Gold Camp", said Phillip Walford, President and CEO of Marathon. "The recently completed FT financing will allow us to run two drills on the property in order to maximizing the 2017 resource update." All of the samples were fire assayed at Eastern Analytical Laboratory Ltd., in Springdale, Newfoundland. Marathon Gold Corporation acknowledges the financial support of the JEA Program, Department of Natural Resources, Government of Newfoundland and Labrador. The Research and Development Corporation of Newfoundland and Labrador has granted approximately 75% of the costs of the current metallurgical program to Marathon Gold and we appreciate this support. Sherry Dunsworth, M.Sc., P. Geo., VP of Exploration, Marathon's Qualified Person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. 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 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.85 g/t (Inferred), (April 2015). 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. For more information please visit www.marathon-gold.com. Except for statements of historical fact relating to Marathon Gold Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "considers", "intends", "targets", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation's public filings, which may be accessed at www.sedar.com. Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events, results or otherwise.


Moreau D.T.R.,Government of Newfoundland and Labrador
Annual Review of Animal Biosciences | Year: 2014

The commercialization of growth hormone transgenic Atlantic salmon for aquaculture has become a controversial public policy issue. Concerns exist over the potential ecological effects of this biotechnology should animals escape captivity. From within an ecological risk-analysis framework, science has been sought to provide decision makers with evidence upon which to base regulatory decisions pertaining to genetically modified salmon. Here I review the available empirical information on the potential ecological and genetic effects of transgenic salmon and discuss the underlying eco-evolutionary science behind the topic. I conclude that data gaps and irreducible epistemic uncertainties limit the role of scientific inference in support of ecological risk management for transgenic salmon. I argue that predictive uncertainties are pervasive in complex eco-evolutionary systems and that it behooves those involved in the risk-analysis process to accept and communicate these limitations in the interest of timely, clear, and cautious risk-management options. © 2014 by Annual Reviews.


Oke K.B.,Memorial University of Newfoundland | Oke K.B.,McGill University | Westley P.A.H.,Memorial University of Newfoundland | Westley P.A.H.,University of Washington | And 3 more authors.
Proceedings of the Royal Society B: Biological Sciences | Year: 2013

Interspecific hybridization is a route for transgenes from genetically modified (GM) animals to invade wild populations, yet the ecological effects and potential risks that may emerge from such hybridization are unknown. Through experimental crosses, we demonstrate transmission of a growth hormone transgene via hybridization between a candidate for commercial aquaculture production, GM Atlantic salmon (Salmo salar) and closely related wild brown trout (Salmo trutta). Transgenic hybrids were viable and grew more rapidly than transgenic salmon and other non-transgenic crosses in hatchery- like conditions. In stream mesocosms designed to more closely emulate natural conditions, transgenic hybrids appeared to express competitive dominance and suppressed the growth of transgenic and non-transgenic (wildtype) salmon by 82 and 54 per cent, respectively. To the best of our knowledge, this is the first demonstration of environmental impacts of hybridization between a GM animal and a closely related species. These results provide empirical evidence of the first steps towards introgression of foreign transgenes into the genomes of new species and contribute to the growing evidence that transgenic animals have complex and context-specific interactions with wild populations. We suggest that interspecific hybridization be explicitly considered when assessing the environmental consequences should transgenic animals escape to nature. © 2013 The Author(s) Published by the Royal Society. All rights reserved.


Total investment of more than $14 million ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Dec. 19, 2016) - The governments of Canada and Newfoundland and Labrador are safeguarding public health and helping protect the province's waterways by investing in projects to ensure that water and wastewater systems in the province are up to date, efficient and meet communities' increasing capacity needs. These investments will also create jobs and lay the foundation for new economic opportunities to help strengthen the middle class across the province. Pablo Rodriguez, Parliamentary Secretary for Infrastructure, on behalf of the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, and the Honourable Dwight Ball, Premier of Newfoundland and Labrador, announced more than $14 million for 11 water and wastewater projects. The federal and provincial governments are providing a total of $2.7 million for eight projects through the Clean Water and Wastewater Fund (CWWF), which supports improvements to water and wastewater treatment, distribution and collection infrastructure. Together with the 134 projects previously approved under CWWF with the signing of the bilateral funding Agreement in July, 142 projects across the province will receive funding thanks to the new program. Among the work being funded are upgrades to the dam drainage system in the Town of Bay L'Argent, a new water main line in Trinity Bay North, and chlorination upgrades in the Local Service District of Port Albert. A further $11.2 million in federal-provincial funding was also announced today for three water and wastewater infrastructure projects in St. John's under the National-Regional Projects component of the New Building Canada Fund. Work involves installing new sewer main lining to rehabilitate the Goulds wastewater collection system, and new water main lining to extend the life of the water distribution system in the areas of Empire Avenue, Cairo Street, Merrymeeting Road and Freshwater Road. A new large-diameter storm sewer will also be installed on Kenmount Road between Columbus Drive and Peet Street. "These vital investments in Newfoundland and Labrador's water infrastructure reflect the Government of Canada's commitment to building sustainable communities that meet people's needs now and into the future. We will continue working in close collaboration with our partners to ensure we make smart infrastructure investments that help protect the environment and preserve public health, while paving the way for economic development that creates good jobs and strengthens the middle class." "The Government of Newfoundland and Labrador committed $44 million to Clean Water and Wastewater Fund projects this year to ensure residents throughout the province have safe, reliable drinking water and well maintained wastewater and storm water systems. Many significant infrastructure upgrades were made possible through strong partnerships between our government, the federal government, and municipalities, and we look forward to continuing those successful partnerships in the coming years." The Honourable Dwight Ball, Premier of Newfoundland and Labrador Financial details and list of projects Canada and Newfoundland and Labrador fund 11 projects to improve water and wastewater systems across the province Investment of more than $14 million Under this new federal funding program, the governments of Canada and Newfoundland and Labrador are investing $2,713,281 in eight water and wastewater projects to ensure Newfoundlanders and Labradorians have access to clean and reliable water sources. This is in addition to the projects announced with the signing of the bilateral agreement on July 7, 2016. The Government of Canada is contributing 1.53 million for the eight projects, representing 50% of the total eligible costs, and the province is providing $1.18 million. The governments of Canada and Newfoundland and Labrador are also providing $11.2 million for the following three water infrastructure projects under the National and Regional Projects component of the New Building Canada Fund, of which $5,39 million is being provided by the Government of Canada. The remaining $5.9 million will be funded by the Government of Newfoundland and Labrador.

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