09:53 AM EST - Marathon Gold Corporation : announced positive results from the start of the 2012 summer drilling program at the Valentine Lake Project, Newfoundland. Step-out drilling at the Leprechaun Gold Deposit has intersected new high-grade gold mineralization up to 110 meters down-dip from previously defined Main Zone mineralization. Highlights include: Intersection of new high-grade Main and Footwall Zone mineralization adds to the development of down-dip underground mining targets with 3.81 g/t Au over 21.6 meters including 10.16 g/t Au over 2.4 meters, 10.41 g/t Au over 2.4 meters, and 11.37 g/t Au over 1.6 meters in VL-12-440 (Plate 1), and 6.1 g/t Au over 10.2 meters including 13.33 g/t Au over 3.4 meters and 1.57 g/t Au over 12.75 meters including 3.43 g/t Au over 3.4 meters in VL-12-437. Marathon Gold Corporation
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