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Marathon Gold Corp
Symbol MOZ
Shares Issued 160,296,702
Close 2019-03-06 C$ 1.01
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Marathon Gold drills 13 m of 12.49 g/t Au at Valentine

2019-03-06 07:10 ET - News Release

Mr. Phillip Walford reports

MARATHON'S INFILL DRILLING CONTINUES HITTING NEW HIGH-GRADE OPEN-PIT GOLD: 12.49 G/T AU OVER 13.0M, 4.19 G/T AU OVER 12.0M AND 3.73 G/T AU OVER 15.0M, VALENTINE LAKE GOLD CAMP, NL

Marathon Gold Corp. has released continuing excellent results from infill drill holes which were strategically located between existing, strongly mineralized drill holes in the open-pit portion of the Marathon deposit. The drill holes succeeded in intersecting strongly mineralized, en echelon stacked QTP-Au veining with thick intervals of higher-grade gold intercepts. The intent of the infill drilling program is twofold: first, to further confirm Marathon's geological model by demonstrating the extensive lateral continuity of the QTP-Au (quartz-tourmaline-pyrite-gold) veining into adjacent drill holes both along and across a more-than-140-metre strike that has been infill drill tested so far; and second, to continue to upgrade inferred resource material into the measured and indicated resource categories.

"The continued success of the infill drilling campaign at the Marathon deposit is very important as we not only continue to build economic gold resources focused on open-pit mining of the Marathon deposit, but also continue to further validate our geological model with each drill hole that intersects new VG and wide intervals of high-grade gold between previous adjacent drill holes," said Phillip Walford, president and chief executive officer of Marathon Gold. "The very positive drilling results are expected to lead to a significant upgrade of inferred to measured and indicated resources while also adding additional inferred material. Assays are pending on more drill holes with wide intervals of VG-bearing QTP veining."

   SIGNIFICANT ASSAY INTERVALS, MARATHON DEPOSIT, VALENTINE LAKE GOLD CAMP

DDH           From     To    Core length   True thickness    Gold   Gold (cut)*
               (m)    (m)            (m)              (m)   (g/t)         (g/t)

MA-18-353       35     38              3              2.9    1.19
               139    142              3              2.9    1.43
MA-18-354       79     87              8              7.6    1.70
               131    137              6              5.7    2.71
including      131    133              2              1.9    3.73
               164    195             31             29.5    1.17
including      181    183              2              1.9    3.19
MA-18-354      139    142              3              2.7    0.93
               161    164              3              2.7    3.36
MA-18-356       57     65              8              7.6    1.42
                90     93              3              2.9    8.42
               165    168              3              2.9    1.60
               174    178              4              3.8    1.49
MA-18-357       93    106             13             12.4   12.49          9.43
including       93    100              7              6.7   22.55         16.86
               149    154              5              4.8    3.56
               159    174             15             14.3    3.73
including      166    170              4              3.8    6.28
MA-18-358        3      7              4              3.8    1.12
                64     67              3              2.9    2.20
               104    108              4              3.8    2.75
               223    227              4              3.8    2.25
               250    254              4              3.8    7.86
including      253    254              1              1.0   19.83
MA-18-359        8     11              3              2.9    1.76
               140    152             12             11.4    4.19
including      149    152              3              2.9   14.20
               182    187              5              4.8    1.44
               244    247              3              2.9    1.77
               250    259              9              8.6    4.78
including      250    253              3              2.9   12.18
MA-18-360      136    139              3              2.9   13.23
               182    222             40             38.0    1.43
including      182    184              2              1.9    4.03
including      196    198              2              1.9    3.27

Sherry Dunsworth, senior vice-president of exploration at Marathon Gold, will be doing a technical presentation on Wednesday, March 6, 2019, at the 2019 PDAC (Prospectors & Developers Association of Canada) titled "Marathon's Valentine Gold Camp: The largest gold deposit in eastern Canada" at 10:50 a.m. to 11:15 a.m. in room 716.

Acknowledgments

Marathon acknowledges the financial support of the Junior Exploration Assistance Program, Department of Natural Resources, Government of Newfoundland and Labrador.

Quality assurance/quality control (QA/QC)

Ms. Dunsworth, Marathon's qualified person, has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. Thorough QA/QC protocols are followed including 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 AA (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 (95 per cent of core length).

About Marathon Gold Corp.

Marathon is a Toronto-based gold exploration company rapidly advancing its 100-per-cent-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 totalling 2,691,400 ounces of gold at 1.85 grams per tonne and inferred resources totalling 1,531,600 ounces of gold at 1.77 g/t.

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