Marathon Gold Expands Senior Management, Robbert Borst to manage upcoming Preliminary Economic Assessment
September 11 2017 - 7:00AM
Marathon Gold Corporation (“Marathon” or the
“Company”) (TSX:MOZ) Marathon Gold is pleased to announce
the addition of Mr. Robbert Borst to manage the company’s upcoming
PEA. He will be starting with Marathon effective October 1, 2017.
Mr. Borst brings over 30 years of experience in
operations, engineering, technical consulting services and project
management. Mr. Borst was most recently the VP of Project
Development with Aldridge Minerals where he managed their
feasibility study. Mr. Borst has worked for large mining companies
as well as junior mining companies worldwide which has given him a
skill set and experience which will be beneficial to Marathon at
this pivotal time in moving the Valentine Lake Gold Camp towards
development.
“We are delighted to have a mining professional
of Mr. Borst’s caliber join the senior management team to manage
our upcoming PEA. His expertise in managing economic studies will
be a valuable asset to the Company as will be his operational and
engineering experience in producing a high-quality study that the
project deserves,” stated Phillip Walford, President and CEO of
Marathon Gold. “This marks an important milestone in the progress
of the company from exploration to development.”
About Marathon
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 1,388,200 oz. of gold at 1.91 g/t
and inferred resources totaling 766,500 oz. of gold at 2.24 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. Drilling in 2017 is continuing to
focus on expanding the Marathon Deposit at surface and to
depth.
The Valentine Lake Gold Camp is accessible by
year-round roads 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.
To find out more information on the Valentine
Lake Gold Camp please visit www.marathon-gold.com.
For more information, please
contact:
Christopher Haldane
|
|
Phillip
Walford |
Investor Relations
Manager |
|
President and Chief
Executive Officer |
Tel: 1-416-987-0714
|
|
Tel:
1-416-987-0711 |
E-mail:
chaldane@marathon-gold.com |
|
E-mail: pwalford@marathon-gold.com |
|
|
|
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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.
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