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Why Invest The proposed Valentine Gold Task is an open-pit mining and traditional milling operation over a twelve-year mine life with a 36% after-tax rate of return. With  Reference  and Board of Directors, Marathon is dedicated to the financing, advancement, and safe operation of the Valentine Gold Project.

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TORONTO, Nov. 09, 2020 (WORLD NEWSWIRE)-- Marathon Gold Corporation (" Marathon" or the "Company"; TSX: MOZ) today reveals its financial results for the 3rd quarter ending September 30, 2020 and supplies an update on the Business's activities at the Valentine Gold Job (the "Job") in main Newfoundland. On September 29, 2020, submitted the Environmental Effect Declaration (" EIS") for the Valentine Gold Task.

As a result, the EIS has now been accepted into the formal federal and provincial technical evaluation procedures; Continued Marathon's effective drill exploration program within the 6 kilometre Sprite Corridor at the Task. The Sprite Passage consists of the new Berry Zone where numerous intercepts of substantial "Main Zone" type gold mineralization have actually now been reported; On August 24, 2020, announced an extra 8,000 metres of in-fill drilling at the Berry Zone, bringing the total allocated 2020 expedition drill program to 52,000 metres.

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Through September 30, 2020, finished 33,637 metres of expedition drilling at the Task comprising 20,400 metres in the Sprite Passage including Berry, 2,260 metres at the Narrows possibility located northeast of the Marathon Deposit, and 10,977 metres in Footwall Locations 1 & 2 situated south of the Valentine Lake Shear Zone; Completed a series of geotechnical, hydrogeological and metallurgical bridging activities in anticipation of the commencement of the Job Feasibility Study (" FS"), which was announced on August 20, 2020; Considerably increased its group strength with the visit of Mr.

Paolo Toscano as VP, Projects; Continued the Company's neighborhood and stakeholder engagement meetings in the main area of Newfoundland, and announced a series of financial investments in local advancement projects in addition to monetary help for certain COVID-19 reaction efforts focussed on food security, supplying assistance for vulnerable populations, and regional service organisations; and, Marathon closed the quarter with money and money equivalents of $50.