Marathon Gold Corp. announced today that Phillip Walford, President and Chief Executive Officer, has advised the Company that he will retire as CEO once a successor is hired and he has agreed to assist the Board of Directors to ensure a seamless transition. Following his retirement, Mr. Walford will continue to serve as a director of the Company [...]
BCI Ventures Inc. announces that it has purchased the following securities of Marathon Gold Corp. : 1,000,000 common shares of Marathon through the exercise of 1,000,000 warrants to acquire MGC Shares held by BCI with an exercise price of $0.75 per share, for aggregate gross proceeds of $750,000 on August 19, 2016; 1,217,365 MGC Shares at a price [...]
Drilling Highlights: Figure 1: Location of drill hole collars MA-19-361 to MA-19-372, Marathon Deposit The ongoing infill drilling program at the Marathon Deposit is designed to penetrate down through the main mineralized corridor as well as into the hanging wall and foot wall zones of the open pit . The aim of the infill drilling campaign is [...]
Marathon Gold Corp. announced today its financial results for the year ended December 31, 2018. Following the completion of the updated preliminary economic assessment on the Valentine Lake Gold Project in October 2018 and a successful financing transaction in February 2019, Marathon’s current exploration and technical activity is in support [...]
Drilling Highlights: Figure 1: Location of drill hole collars MA-19-353 to MA-19-360, and location of Cross Section 17260E, Marathon Deposit. Figure 2: Cross-section 17260E, Marathon Deposit, showing abundant visible gold in thick intervals of laterally extensive high-grade mineralization in en-echelon stacked zones of quartz-tourmaline-pyrite [...]
Marathon Gold Corp. is excited to announce that it has closed the sale of a 2% net smelter returns royalty to Franco-Nevada Corp. linked to production at the Valentine Lake Gold Camp in central Newfoundland, for gross proceeds of CAD $18,000,000. The NSR applies to the entire Valentine Lake property and covers the sales of precious and base metals [...]
Drilling Highlights: Figure 1: Location of drill hole collars MA-19-348 and MA-19-349, Marathon Deposit The first 2 drill holes of the 2019 infill drilling campaign in the Marathon Deposit have succeeded in intersecting wide zones of QTP-Au veining with abundant visible gold in the open-pit core area of the main mineralized corridor; the success of [...]
Final 2018 Drilling Results: Figure 1: Location of drill hole collars MA-18-344 to MA-18-347, Marathon Deposit The final drill holes into the southwestern end of the Marathon Deposit intersected new QTP-Au zones in areas with minimal drilling in the past : MA-18-347 intersected 2.68 g/t Au over 12.0 meters with 8.98 g/t Au over 2.0 meters, and 5.65 [...]
Marathon Gold Corp. is pleased to announce the appointment of Mr. James Powell as Director of Environmental and Stakeholder Engagement effective January 1, 2019. Mr. Powell is a mining professional with over 20 years of technical and project management experience in mining, civil, geotechnical, and environmental engineering/sciences on a wide range [...]
