Marathon Continues to Succeed With Drilling at the Sprite Area
March 24 2014 - 7:10AM
Marketwired
Marathon Continues to Succeed With Drilling at the Sprite Area
2.53 g/t Au Over 16.5 True Thickness, 2.24 g/t Au Over 12 Meters
(TT)
LONDON, UNITED KINGDOM and BAIE VERTE, NL--(Marketwired - Mar
24, 2014) - Rambler Metals and Mining plc (TSX-VENTURE: RAB)
(AIM: RMM) ('Rambler' or the 'Company'), a copper and gold producer
operating in Newfoundland and Labrador, Canada, today announces
that Marathon Gold Corp. (TSX: MOZ) ('Marathon') has provided a
diamond drilling update on its 100% owned Valentine Lake
Project. Rambler has a strategic investment in Marathon.
The highlights of the release have been included
below. Additional information on Marathon and the Valentine
Lake Project can be found on their website at
www.marathon-gold.com.
TORONTO, ON - March 24, 2014 - Marathon Gold Corporation
("Marathon" or the "Company") (TSX: MOZ) today announced the
intersection of new wide intervals of near-surface QTP-gold
mineralization during exploration drilling in the Sprite Area of
the Valentine Lake Project (Figure 1). This latest drilling has
delineated additional wide intervals of good grade in near surface
gold mineralization over a strike length of more than 500 meters.
Drilling is expanding the new gold mineralization at the Sprite
Area which is open both along strike and down dip.
Highlights include:
- Near surface intercepts of 2.53 g/t Au over 16.5 meters (TT)
including 10.92 g/t Au over 0.83 meters (TT) and 14.12 g/t Au over
1.65 meters (TT) in VL-14-549.
- Near surface intercepts of 2.24 g/t Au over 12.0 meters (TT)
including 8.01 g/t Au over 2.4 meters (TT) in VL-14-551.
- Intercepts of 1.69 g/t Au over 24.0 meters (TT) including 11.04
g/t Au over 1.2 meters (TT) in VL-14-552.
- The current area of exploration step-out drilling covers 550
meters of a more than 1 kilometer long by up to 250 meter wide gold
mineralized corridor which was identified during the 2013
prospecting program.
- 14 holes with assays are pending
- Planning is underway for the summer 2014 exploration program,
including continued exploration and resource development at the
Sprite, Frank and Marathon Areas and the Victory Gold Deposit.
Click on, or paste the following link into your web browser, to
view the associated PDF document:
http://www.rns-pdf.londonstockexchange.com/rns/9927C_1-2014-3-24.pdf
Contact: RNS Customer Services 0044-207797-4400
rns@londonstockexchange.com http://www.rns.com
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