Marathon Gold Shares Now Trading on the OTCQX
December 01 2017 - 7:00AM
Marathon Gold Corporation (“Marathon” or the
“Company”) (TSX:MOZ) (OTCQX:MGDPF) is pleased to announce
that the Company’s shares are now trading on the OTCQX Best Market
in the United Stated under the symbol “MGDPF”. Marathon upgraded
from the Pink Market. Investors can access trading, real-time level
2 quotes and a view a list of the Company’s news releases and
financial disclosure documents at
http://www.otcmarkets.com/stock/MGDPF/quote.
OTC Markets Group Inc., located in New
York, N.Y., operates the OTCQX Best Market. Through OTC Link ATS,
OTC Markets Group connects a diverse network of U.S. broker-dealers
that provide liquidity and execution services.
“Upgrading our common shares to trade on OTCQX
will improve access and liquidity in the U.S. markets for current
and prospective Marathon shareholders. This will assist the company
in expanding and diversifying our shareholder base in the U.S as we
continue to develop the Valentine Lake Gold Camp” stated Phillip
Walford, President and CEO of Marathon Gold.
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 1,847,000 oz. of gold at 1.88 g/t
and inferred resources totaling 1,012,000 oz. of gold at 1.65 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 in a 30-kilometer gold trend on the property, with much of
the 24,000-hectare property having had little detailed exploration
activity to date.
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 73% 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 OfficerTel:
1-416-987-0714
Tel: 1-416-987-0711E-mail: chaldane@marathon-gold.com
E-mail: pwalford@marathon-gold.com
CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING INFORMATIONExcept 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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