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Marathon Gold Corp
Symbol	MOZ
Shares Issued	178,881,202
Close 2019-11-18	C$ 1.54
Market Cap	C$ 275,477,051
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Marathon Gold drills 18 m of 5.08 g/t Au at Valentine

2019-11-18 07:06 ET - News Release

Mr. Matt Manson reports

MARATHON GOLD REPORTS FINAL 2019 INFILL DRILLING RESULTS FOR THE MARATHON DEPOSIT, VALENTINE GOLD PROJECT

Marathon Gold Corp. has released the final tranche of drilling results from the 2019 infill drilling campaign at the Valentine gold project in central Newfoundland. These latest results represent fire assay data from the final 37 drill holes clustered in the SW Main zone extension area of the Marathon deposit where new occurrences of quartz-tourmaline-pyrite-gold (QTP-Au) veining have been identified in areas of limited previous exploration. Highlights of the latest drilling include:

Main zone: MA-19-483 intersected 5.08 grams per tonne gold over 18.0 metres, including 11.70 g/t Au over 7.0 metres.
Main zone: MA-19-477 intersected 4.24 g/t Au over 21.0 metres, including 17.18 g/t Au over 4.0 metres.
Main zone: MA-19-465 intersected 6.44 g/t Au over 10.0 metres, including 24.39 g/t Au over 2.0 metres.
Main zone: MA-19-487 intersected 2.37 g/t Au over 29.0 metres, including 17.49 g/t Au over 2.0 metres.
Main zone: MA-19-485 intersected 15.88 g/t Au over 6.0 metres, including 87.00 g/t Au over 1.0 metre.
Main zone: MA-19-484 intersected 7.06 g/t Au over 9.0 metres, including 61.81 g/t Au over 1.0 metre and 8.58 g/t Au over 3.0 metres.
Main zone: MA-19-475 intersected 5.81 g/t Au over 8.0 metres, including 10.65 g/t Au over 2.0 metres; MA-19-471 intersected 14.39 g/t Au over 4.0 metres, including 41.73 g/t Au over 1.0 metre; MA-19-463 intersected 7.58 g/t Au over 5.0 metres, including 14.80 g/t Au over 2.0 metres, and separately 7.35 g/t Au over 5.0 metres, including 29.23 g/t Au over 1.0 metre; MA-19-457 intersected 6.43 g/t Au over 8.0 metres, including 10.28 g/t Au over 3.0 metres; and MA-19-455 intersected 6.96 g/t Au over 5.0 metres, including 22.77 g/t Au over 1.0 metre.
Footwall zone: MA-19-486 intersected 1.11 g/t Au over 22.0 metres, and 1.61 g/t Au over 5.0 metres.

All quoted intersections comprise uncut gold assays in core lengths. All significant assay intervals are reported in the associated table.

The Main zone of the Marathon deposit comprises dominantly shallow southwest-dipping, en echelon stacked QTP-Au veining in a 100-to-150-metre-wide subvertical corridor of mineralization. This corridor extends for more than 1.5 kilometres along strike, and from surface to the base of the planned Marathon open pit. It remains open along strike and to depth. The latest drilling has confirmed a southwest extension of this Main zone into an area currently classified in the October, 2018, mineral resource estimate as inferred mineral resource, and into areas with little previous drilling. Drilling into the Main zone is oriented downward at a high angle through the dominant shallowly dipping QTP vein orientation that is the dominant mineralizing style at the Valentine gold project. Fourteen of the final 37 drill holes reported today returned no significant intervals of mineralization, and these represent the delineation of the SW Main zone extension on its northwest hangingwall and southeast footwall sides.

The 2019 infill drill program at the Leprechaun and Marathon deposits comprised a total of 58,298 metres. All fire assay results from this drill program have now been reported. All fire assays over 300 parts per billion at the Valentine gold project are further processed for gold recovery based on metallic screening to provide a better measurement of the coarse gold that is typical of the project. The metallic screening data, and all new geological data achieved in the latest drilling, will be incorporated in an updated mineral resource estimate for the Valentine gold project expected prior to the end of the fourth quarter.

Subsequent to the end of the 2019 infill drill program at the Marathon and Leprechaun deposits, the company commenced a 7,000-metre exploration drilling campaign at the Sprite zone located northeast of the Leprechaun deposit. This has now been completed. Numerous new QTP vein occurrences were intersected, including several with visible gold. Assays are pending on these new Sprite drill holes and will be reported when received.


DDH

MA-19-453

MA-19-455 including

MA-19-457

including MA-19-458 including

MA-19-462

MA-19-463

including

including MA-19-465

including MA-19-467

MA-19-469

MA-19-470

MA-19-471

including MA-19-474

including

MA-19-475

including MA-19-476

MA-19-477

including MA-19-478

MA-19-479

MA-19-480

MA-19-483

including

MA-19-484 including

MA-19-485

including

MA-19-486

MA-19-487

including including

* No significant MA-19-454 (MZ), MA-19-461 (MZ), MA-19-472 (HW),

SIGNIFICANT ASSAY INTERVALS, MARATHON DEPOSIT, VALENTINE GOLD PROJECT From To Core length True thickness Gold Gold (cut) (m) (m) (m) (m) (g/t) (g/t) 170 173 3 2.6 2.58 258 261 3 2.6 1.94 287 293 6 5.1 2.06 63 68 5 4.8 6.96 63 64 1 1.0 22.77 95 98 3 2.9 2.67 31 34 3 2.9 1.11 37 40 3 2.9 2.87 192 195 3 2.9 1.60 257 265 8 7.6 6.43 258 261 3 2.9 10.28 280 293 13 11.1 2.54 285 288 3 2.6 6.41 296 299 3 2.6 2.17 75 78 3 2.7 1.46 232 236 4 3.6 1.43 255 258 3 2.7 2.33 42 45 3 2.9 1.02 51 54 3 2.9 2.71 59 65 6 5.7 1.37 107 112 5 4.8 1.48 125 129 4 3.8 4.36 296 301 5 4.8 7.58 299 301 2 1.9 14.80 319 324 5 4.8 7.35 319 320 1 1.0 29.23 73 76 3 2.7 2.15 101 104 3 2.7 2.15 121 125 4 3.6 3.08 230 234 4 3.6 1.86 272 282 10 9.0 6.44 279 281 2 1.8 24.39 19 22 3 2.9 1.03 109 112 3 2.9 1.37 132 135 3 2.9 1.98 307 311 4 3.8 5.52 320 323 3 2.9 4.00 329 333 4 3.8 3.50 51 54 3 2.9 10.49 84 87 3 2.9 7.80 98 101 3 2.9 1.42 327 330 3 2.9 2.43 334 337 3 2.9 2.05 339 342 3 2.9 2.02 132 135 3 2.6 2.92 155 161 6 5.1 1.55 169 172 3 2.6 2.03 237 240 3 2.6 9.36 21 24 3 2.7 1.49 46 49 3 2.7 4.44 109 113 4 3.6 14.39 112 113 1 0.9 41.73 30 34 4 3.8 1.23 58 61 3 2.9 1.70 66 76 10 9.5 2.16 71 74 3 2.9 4.47 89 95 6 5.7 1.75 102 106 4 3.8 1.62 181 186 5 4.5 1.53 214 217 3 2.7 2.83 223 231 8 7.2 5.81 227 229 2 1.8 10.65 150 153 3 2.9 4.37 174 177 3 2.9 1.97 285 288 3 2.9 3.96 113 116 3 2.9 1.99 303 324 21 20.0 4.24 309 313 4 3.8 17.18 187 190 3 2.9 1.30 275 278 3 2.9 1.91 150 153 3 2.7 1.29 226 230 4 3.6 1.76 51 54 3 2.7 1.67 111 115 4 3.6 2.20 108 111 3 2.7 1.51 195 213 18 16.2 5.08 4.75 201 208 7 6.3 11.70 10.86 223 226 3 2.7 1.86 191 200 9 8.6 7.60 5.73 199 200 1 1.0 61.81 45.00 251 254 3 2.9 1.93 264 267 3 2.9 8.58 43 47 4 3.8 2.04 127 130 3 2.9 2.06 150 156 6 5.7 15.88 8.88 155 156 1 1.0 87.00 45.00 179 184 5 4.8 1.88 195 198 3 2.9 1.78 19 22 3 2.7 1.02 111 133 22 19.8 1.11 154 159 5 4.5 1.61 39 42 3 2.9 3.91 135 164 29 27.6 2.37 144 146 2 1.9 17.49 157 158 1 1.0 8.00 intervals in MA-19-451 (FW), MA-19-452 (HW), MA-19-456 (HW), MA-19-459 (HW), MA-19-460 (HW), MA-19-464 (MZ), MA-19-466 (MZ), MA-19-468 (MZ), MA-19-473 (HW), MA-19-481 (HW) and MA-19-482 (HW).

Marathon utilizes Corebox for 3-D visualization of the company's drill results at the Valentine gold project.

Acknowledgments

Marathon acknowledges the financial support of the junior exploration assistance program, Department of Natural Resources, government of Newfoundland and Labrador.

Qualified person

Disclosure of a scientific or technical nature in this press release was prepared under the supervision of Sherry Dunsworth, MSc, PGeo (Newfoundland), the senior vice-president of exploration, a qualified person under National Instrument 43-101.

Quality assurance/quality control (QA/QC)

QA/QC protocols followed at the Valentine gold project include the insertion of blanks and standards at regular intervals in each sample batch. Drill core is cut in half with one-half retained at site, the other half tagged and sent to Eastern Analytical Ltd. in Springdale, Nfld. All reported core samples are analyzed for Au by fire assay (30 g) with atomic absorption finish. All samples above 0.10 g/t Au in economically interesting intervals are further assayed using metallic screen to mitigate the presence of coarse gold. Significant mineralized intervals are reported in the associated table as core lengths and estimated true thickness (80 per cent to 95 per cent of core length).

About Marathon Gold Corp.

Marathon is a Toronto-based gold company rapidly advancing its 100-per-cent-owned Valentine gold camp located in Newfoundland and Labrador, one of the top mining jurisdictions in the world. Marathon has confirmed the feasibility of the Valentine gold camp, which currently hosts four near-surface, mainly pit-shell constrained, deposits with measured resources totalling 1,166,500 ounces of gold at 2.18 grams per tonne, indicated resources totalling 1,524,900 ounces of gold at 1.66 g/t and inferred resources totalling 1,531,600 ounces of gold at 1.77 g/t.

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