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Marathon Gold Corp.

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Summary

Project:

Valentine

Deposit:Marathon
Location:Canada
Commodities:Gold
Date:6/21/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:21-6-2016: Marathon Gold Corp. announces an Exploration/Drilling Update report for its Marathon deposit at the Valentine project. Drilling results incl. 11m @ 20.17g/t Au (uncut) from 285m. TORONTO, ON – June 21, 2016, - Marathon Gold Corporation (“Marath
Resources:(Resource, M+I): 1.06Moz Au @ 2.2g/t Au (Valentine Gold Camp Total)
CP/QP:[Overall Report]: Sherry Dunsworth (Internal)
ABSTRACT:TORONTO, ON – June 21, 2016, - Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) announced today very positive results from the start of the summer 2016 drilling campaign at the Marathon Deposit, Valentine Gold Camp. A 140 meter down-hole extension of the previously drilled hole MA-15-047 succeeded in intersecting at 200 meters below surface the highest gold grades recorded to date at the Marathon Deposit. The best intercept included 20.17 g/t Au (uncut) over 7.2 meters (true thickness) including 190.88 g/t (uncut) (5.57 oz./t) over 0.7 meters (true thickness). The extension of MA-15-047, originally designed to penetrate deeper levels of the open pit level mineralized corridor, has now also proven the potential for growth of a high-grade underground resource at the Marathon Deposit. The Marathon Deposit remains open along strike and to depth with a total strike length of the mineralized corridor now extending for at least 1.7 kilometers (Figure 1).

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