Marathon Gold Corporation
Marathon is a Toronto based 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, deposits with measured and indicated resources totaling 2,137,400 oz. of gold at 1.99 g/t and inferred resources totaling 1,104,700 oz. of gold at 1.99 g/t. The majority of the resources occur in the Marathon and Leprechaun deposits, which also have resources below the pit shell. Both deposits are open to depth and on strike. Gold mineralization has been traced down over 350 metres vertically at Leprechaun and almost a kilometer at Marathon. The four deposits outlined to date occur over a 20-kilometer system of gold bearing veins, with much of the 24,000-hectare property having had little detailed exploration activity to date.
The Valentine Lake Gold Camp is accessible by year-round road and is located in close proximity to Newfoundland's electrical grid. Marathon 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.
Valentine Lake Gold Project, Newfoundland, Canada (100% Owned)
Defining the Largest Gold Resource in Atlantic Canada
Defining the 100%-Owned Valentine Lake Gold Camp
3.2Moz gold resource with significant blue sky potential
Marathon Team has “Cracked the Geological Model” to Discover High Grade
Proven Track Record
Safe Jurisdiction/Supportive Government
Advanced Environmental Studies
Drilling in winter 2018 is continuing to focus on:
Marathon's Catalyst Timeline
Management and Directors
Phillip Walford, P.Geo., President and Chief Executive Officer, Director
40 years in the mining industry, primarily in mining geology
One of the founders of Marathon PGM in 2003
Has held senior management roles at a number of companies throughout the Americas, including Anaconda Gold, Geomaque Exploration, LAC Minerals, Pamour Porcupine Mines, and Hudson Bay Exploration and Development
Has been involved in over 20 producing mines during his career
Sherry Dunsworth, P.Geo., Senior Vice President of Exploration
Over 35 years in the mining industry
Has held positions with Anaconda Gold and Marathon PGM
Director, Mining Industry Newfoundland and Labrador
Former member of the Mineral Rights Adjudication Board of Newfoundland and Labrador
Former Geoscience Councilor for the Association of Professional Engineers and Geoscientists of Newfoundland and Labrador
Jim Kirke, CA, Chief Financial Officer
Over 15 years involvement in the mining industry
Former CFO of BacTech Mining, Soltoro Ltd. and Golden Odyssey Mining
Robbert Borst, PEA Manager
Over 30 years of experience in operations, engineering, technical consulting services and project management
Most recently – VP of Project Development, Aldridge Minerals where he managed their feasibility study
George D. Faught, Chairman and Director
A Chartered Public Accountant and Chartered Accountant with over 30 years of senior management experience
Joseph G. Spiteri, Director
Douglas H. Bache, Director
Julian Kemp, Director
Janice Stairs, Director
On May 1, 2018, Marathon Gold Corp. announced that it has established a new mineral resource estimate for the Marathon deposit at its 100-per-cent-owned Valentine Lake property. Marathon Increases overall gold resources to 2,137,400 ounces Measured and Indicated at 1.99 g/t gold and 1,104,700 ounces Inferred at 1.99 g/t gold at the Valentine Lake Gold Camp, Newfoundland.
On April 23, 2018, Marathon Gold Corp. announced new drill results at the Company's 100-per-cent-owned Valentine Lake gold camp, central Newfoundland. All 14 winter 2018 Sprite zone bog drill holes (that is VL-18-257 to VL-18-667) have intersected en-echelon stacked, southwest-dipping QTP-gold veining in an extensive alteration halo.