TORONTO, ON--(Marketwired - April 07, 2016) -
Marathon Gold Corporation ("Marathon" or the "Company")
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Highlights:
"The bottle roll tests are an excellent start to our metallurgical test program. Heap leaching with its lower capital and operating costs could be a dramatic change for the project. Heap leaching could also reduce the pit cutoff grade resulting in a lower waste to ore ratio and better pit economics. It could also give us options in processing such as run of mine heap leaching low grade ore and using a smaller mill to treat higher grade ore for optimized project economics," commented Phillip Walford, President of Marathon.
Marathon acknowledges the financial support of the GeoEXPLORE program of the Research and Development Corporation of Newfoundland and Labrador for this metallurgical study and the Junior Exploration Assistance program of the government of Newfoundland and Labrador for its ongoing exploration activities at the Valentine Gold Camp.
J. Dean Thibault, P.Eng., Senior Process Chemical Engineer of Thibault & Associates Inc. is the qualified person for this release and has reviewed the contents for accuracy and approved this release.
About Marathon Gold Corporation
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 6% 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.
Contact Information:
For more information, please contact:
Christopher Haldane
Investor Relations Manager
Tel: 1-416-987-0714
E-mail: chaldane@marathon-gold.com
Phillip Walford
President and Chief Executive Officer
Tel: 1-416-987-0711
E-mail: pwalford@marathon-gold.com