Winter Presentation 2012 Rapidly Developing North American Gold Resources at Low Cost and Low Risk 1
May 16, 2015
Winter Presentation 2012
Rapidly Developing North American Gold Resources at Low Cost and Low Risk
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TSX:MOZ Forward Looking
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION Except for statements of historical fact relating to the Company, 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.
TSX:MOZ Proven Management
Phillip Walford, P.Geo. | President , CEO & Director • 40 years in the mining industry, primarily in mining geology • Has held senior management roles at a number of companies
throughout the Americas, including Anaconda Gold, Geomaque Exploration, LAC Minerals, Pamour Porcupine Mines, and Hudson Bay Exploration and Development
Sherry Dunsworth, P.Geo. | VP of Exploration • 25+ years in the mining industry • Former member of the Mineral Rights Adjudication Board of
Newfoundland and Labrador • Former Geoscience Councilor for the Association of Professional
Engineers and Geoscientists of Newfoundland and Labrador
Jim Kirke, CA | CFO • 15+ years involvement in the mining industry • Former CFO of BacTech Mining and Golden Odyssey Mining
Phillip Walford, P.Geo. | See Management
George Faught, CA | Non-Executive Chairman • 30+ years in the financial management and resources
industries • Former CFO of North American Palladium
Joe Spiteri, P.Geo. | Director • 30+ years in the mining industry • Former senior Manager and Officer with Placer Dome,
Northgate Explorations, Lac Minerals and Campbell Resources
Page Chilcott | Director • Former President of the Vancouver Stock Exchange
David Poynton | Director • 30+ years of legal and business experience • Former Senior VP, General Counsel and Corporate Secretary for
Iberian Minerals and Cadillac Ventures
Management Board of Directors
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TSX:MOZ Strong Balance Sheet
Share Price Performance
Share Price (01-03-12) $1.17
Shares Outstanding 29,871,928
Warrants ($1.80) 2,140,995
Options (at $1.61) 2,689,000
Fully diluted 34,701,923
Market Cap ~C$34.87 million
Investors Stillwater (15%) Sprott
Sentry Select
Strong Balance Sheet
Analysts •Haywood Securities •Fraser Mackenzie •Octagon Capital Corp. •Pope and Company •Canaccord
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TSX:MOZ Company Highlights
Three robust gold projects
Three gold projects in mining-friendly jurisdictions - Valentine Lake Project in central Newfoundland (50/50 JV with Mountain Lake Resources) - Fully permitted Golden Chest Mine in Idaho’s prolific Coeur d’Alene Mining District (50/50 JV with New Jersey Mining Company)
• Can earn 60% by putting $3.5 M in the ground - Bonanza Mine in Oregon’s prolific Greenhorn Gold District (100% Owned)
Near-term resource growth
potential
Significant exploration
pipeline
Several near-term catalysts
Initial Resource Estimate at Golden Chest Mine expected Q1-2012 Updated Resource Estimate at Valentine Lake Project expected late Q1- 2012 Potential to advance Golden Chest Mine to development as early as 2013 given
underground infrastructure and permits in place
Aggressive drilling programs - approx. 36,000 m of drilling completed at the Valentine Lake Project by Marathon Gold; expanding the existing resource - 40,000 m 2012 drill program at Valentine Lake Project - 10,000 m 2011 program completed at Golden Chest Mine - 25,000 m 2012 drill program at Golden Chest Mine
Quartz veining new gold discovery at the Leprechaun Gold Deposit (J. Frank Zone)
Five gold prospects identified along 17 km of strike at Valentine Lake Project - Leprechaun Gold Deposit Resource contained within 750 m strike
Significant exploration potential at both Valentine Lake Project and Golden Chest Mine
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TSX:MOZ Our Projects
Legend
Advanced Stage
1. Valentine Lake – Leprechaun Deposit
2. Golden Chest
Early Stage
1. Bonanza 2. Baie Verte 3. Finger Pond
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TSX:MOZ Our Projects
Newfoundland, Canada
Valentine Lake Project, Flagship Project • Six mineral licenses covering 19,925 hectares • NI 43 101 Estimate – 187,000 oz Au Measured,
90,000 oz Au Indicated and 285,000 oz Au Inferred • Gold mineralization identified along at least 17 km • Leprechaun Gold Deposit is the most explored
deposit among the five known gold occurrences • 25,250 m drill program completed • 40,000 m drill program underway • Open pit Resource Estimate Q1 2012 • Drilling has extended the Leprechaun deposit
along strike and down-dip • All Season Camp • Solid Infrastructure • Camp expansion underway • 90 km to Trans-Canada Highway • Nearby hydro generation, water
Baie Verte (100% Owned) • Located 13 km south of Anaconda Mining’s Pine
Cove gold mine • Significant area of gold and base metals anomalies
identified within a wide area of alteration
Finger Pond (100% Owned) • Located 50 km on strike and to the south-west of
Valentine Lake • Historical exploration has outlined several gold and
base metal showings along the property’s 20 km strike
• Targets ready to be drilled
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TSX:MOZ
Idaho, USA
Golden Chest • Prolific Coeur d’Alene mining region • Historical producer; Historical Resource Estimate • Fully permitted for drilling, underground mining,
and tailings deposition • 10,000 m drill program is complete • 25,000 m drill program throughout 2012 • Initial Resource Estimate Q1 2012 • Significant potential for reserve growth through
continued underground drilling
Our Projects
Oregon, USA
Bonanza Mine (100% Owned) • Historic high-grade producer • Historic production was 128,500 tons grading • 1.2 oz per ton and 99,900 oz Au with an average
recovery of 65% • Exploration work to be begin in Q2 2012
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TSX:MOZ Newfoundland
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TSX:MOZ
Valentine Lake Project: Flagship Project
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TSX:MOZ
Valentine Lake Project: Leprechaun Gold Deposit
The most explored deposit among the 5 known gold occurrences
Leprechaun deposit has been extended along strike
and down-dip Coarse and free gold have excellent metallurgical
recoveries with ~50% by gravity, total >90% NI 43-101 compliant Resource Estimate Aggressive 40,000 m drill program underway Resources Estimate update expected Q1 2012
Total Resource
Above 0.50 g/t cut off1
Tonnes (MM)
Cut Au (g/t) Au oz
Measured 2.1 MM 2.768 187,000
Indicated 1.2 MM 2.363 90,000
M+I 3.3MM 2.622 277,000
Inferred 4.4 MM 2.007 285,000
Total 562,000
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TSX:MOZ Leprechaun Gold Deposit
Ideal for open Pit
View SW towards Leprechaun Pond
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TSX:MOZ
Leprechaun Gold Deposit: Continuity of Mineralization 11
TSX:MOZ
Leprechaun Gold Deposit: Ideal for Open Pit
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TSX:MOZ
Leprechaun Gold Deposit: Ideal for Open Pit
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TSX:MOZ
Leprechaun Gold Deposit: Ideal for Open Pit
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TSX:MOZ
Leprechaun Gold Deposit, New Discovery: J. Frank Zone
Extends in excess of 850 m in length and 250 m in width, and is located up to 1.5 km southwest along strike from the current resource boundary of the Leprechaun Gold deposit
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TSX:MOZ
Leprechaun Gold Deposit, New
Discovery: J. Frank Zone
High grade grab samples consisting of quartz-tourmaline-pyrite with coarse visible gold returned assays of up to 581.88 g/t Au, 287.95 g/t Au, 152.75 g/t Au and 88.60 g/t Au
The newly exposed quartz-tourmaline-pyrite-gold stacked veins occur 100 m into the hanging-wall Ongoing prospecting and stripping continues to exposes additional quartz veining along strike and
into the hanging wall Channel sampling continues, with assays pending
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TSX:MOZ
J. Frank Zone: Coarse Visible Gold
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TSX:MOZ
Finger Pond Deposit: 100% Owned
Located 30 km on-strike and to the southwest from the Valentine Lake Project Historical exploration work outlines a number of gold and base metal showings along the 20 km strike length Exploration work planned for 2012
Marathon Gold Corporation
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TSX:MOZ Idaho
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TSX:MOZ
Golden Chest Mine: Historical Producer
Largest historical gold producer in Coeur d’Alene Mining District
Past producing mine located within Idaho’s prolific Coeur d’Alene Mining District
Mining historically focused on high grade (>17 g/t) veins (Katie+Dora, Idaho, etc)
Recent localized mining by JV partner New Jersey Mining Company, produced 8,500 t of ore with an average grade of 6.90 g/t and an average recovery of ~94%
Can earn 60% by putting $3.5 M in the ground Fully permitted surface and timber rights with
an existing reserve and exploration potential Stable rich mining heritage and beside major
road 10,000 m of drilling completed in 2011 25,000 m of drilling planned for 2012
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TSX:MOZ Golden Chest Mine
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Patented claims and historic open pit Resource
Open pit potential and significant potential for reserve growth through continued underground drilling
TSX:MOZ
Golden Chest Mine: Near Surface Open-Pit
2011 Drill Program Complete 56 drill holes 10,000 m Initial Resource Estimate Q1 2012 Underground rehabilitation underway
in the historic high grade area 2012 Drill Program 25,000 m
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DDH-11-39 – 47.6 m @ 1.94 g/t Au DDH-11-37 – 29.0 m @ 1.51 g/t Au DDH-11-38 – 21.0 m @ 1.86 g/t Au
DDH-11-35 – 30.5 m @ 0.86 g/t Au DDH-11-27 – 15.5 m @ 0.59 g/t Au DDH-11-30 – 21.0 m @1.30 g/t Au
TSX:MOZ Oregon
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TSX:MOZ
Bonanza Mine: Historical High Grade Producer
100% Owned Historical Producer
• 128,500 tons grading 1.2 oz/ton and 99,900 oz Au was produced
with an average recovery of 65% • Historic mining cut off grade of 0.60
oz/ton (17 grams)
Three main veins are important for mining • South Vein • Bonanza Vein; can be followed on
surface from more than 2,500 ft • North Vein
The Veins vary from a foot to 6 ft wide and locally can be up to 30 ft wide, dipping steeply to the southwest
Exploration work to commence Q2 2012
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TSX:MOZ
Deposit Tonnes
Au Grade g/t
Gold (oz)
Tonnes Au Grade g/t
Gold (oz)
Valentine Lake1 3,284,000 2.6 276,843 4,409,000 2.0 285,000
Reserves & M and I Inferred
1. Source: Technical Report on the Mineral Resource Estimate for the Leprechaun Gold deposit Valentine Lake Gold Project Central Newfoundland, Canada, dated January 31, 2011
2. Source: New Jersey Mining Company’s Form 10-L for the fiscal year-ended December 31, 2010 3. These are historical estimates reported on the Golden Chest property which Marathon is not treating as current mineral
resources or mineral reserves under NI 43-101. A qualified person has not done sufficient work to classify the historical estimates as a current mineral resource or mineral reserve and they should not be relied upon.
Summary of Reserves and Resources 25
Historic Golden Chest 2,3
(underground) 242,058 5.1 37,885 - - -
Historic Golden Chest3
(open pit) 1,227,150 1.35 53,263 5,522,850 0.98 174,000
Deposit Tonnes
Au Grade g/t
Gold (oz)
Tonnes Au Grade g/t
Gold (oz)
Historic Reserves & M and I Historic Inferred
TSX:MOZ Reasons to Invest
LOCATION
Located in mining-friendly Newfoundland, Canada , Idaho and Oregon, USA Strong infrastructure; highway/road access, water, fully equipped on sight
camps Socio-economic and political stability
DEVELOPING RESOURCES
We have the GOLD - our focus is no longer to find the gold but develop and
grow the resources that we have
Golden Chest – Initial Resource Estimate expected Q1 2012 Valentine Lake Project – Updated Resource Estimate expected 2012 40,000 m drill program planned for 2012 at Valentine Lake Project 25,000 m drill program planned for 2012 at Golden Chest
MANAGEMENT Over 80 years of proven Management experience in mining exploration,
development and production
SIGINFICANT EXPLORATION
POTENTIAL
Orgogenic gold deposits at Valentine and Golden Chest have significant exploration potential
Mineralization covering only a fraction of Valentine’s total 30 km strike has been delineated
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TSX:MOZ
www.marathon-gold.com