Marathon Gold Corp T.MOZ

Metals & Mining Gold

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.

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Marathon Gold Corp

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Comment by Cousin_Gerton Sep 13, 2012 12:04pm

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Post# 20357411

RE: RE: RE: V.Lake Update

RB...a 25MM share PP at this time is ridiculous. It would be a 50% dilution and completely inappropriate for a property which is advancing very nicely with each new program. MOZ needs only $4 to $6MM to go to the next level at VLake. One step at a time when it comes to financing will provide current shareholders with the best return and without any delays in getting to the end goal. Right now LPond is not going to need a lot of $'s spent to deliver the Qt4 43--101 and the prospecting program with associated drilling has the potential to deliver many positives without spending big bucks. Maybe they will need some more $'s for GChest soon, but this too has to be carefully timed.

C.Gert

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