PHOENIX, Sept. 06, 2018 (GLOBE NEWSWIRE) -- Marathon Gold Corp. (OTC:MGDPF) (the “Company”) CEO Phillip Walford
is joining the latest “Stock Day” podcast with Uptick Newswire’s Everett Jolly.
Walford updates Jolly on the Canadian company’s current and future works, highlighted by the Valentine Lake
project. Walford says a Preliminary Economic Assessment study shows the open pit area should produce around 190,000 ounces each
year for the next decade.
This comes off the company’s announcement this week it has found a possible new mining area just south of its Victory plant.
Walford tells Jolly geologists are working to find one or two areas that may be as productive as Victory.
In the podcast, Walford also discusses the recent hiring of COO Robbert Borst. Walford tells Jolly that Borst was instrumental in
leading the company’s PEA for the Valentine Lake project.
In the meantime, Walford says the company plans to do another resource update in the next six months to a year.
To listen to the full podcast, click on the following link:
https://upticknewswire.com/featured-interview-ceo-phillip-walford-of-marathon-gold-corp-otcqx-mgdpf/
About Marathon
Marathon Gold Corp. is a high-quality growth-oriented gold development company with a long-term strategy of moving the 100% owned
Valentine Lake Gold Camp through to production in central Newfoundland. Marathon recently completed a positive PEA that shows an
average annual production of 188,500 ounces per year over the first 10 years, payback of 2.8 years, NPV (5%) of $367 million (USD)
and an IRR of 25.3%, all after-tax. The Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained,
deposits with measured and indicated resources totaling 2,137,100 oz. of gold at 1.99 g/t and inferred resources totaling 1,104,800
oz. of gold at 1.99 g/t. Most of the resources occur at the Marathon and Leprechaun Deposits. All the deposits are open to
expansion. Marathon’s 240 sq. km sized Valentine Lake property has multiple exploration targets to be explored in 2018.
To find out more information on the Valentine Lake Gold Camp please visit www.marathon-gold.com.
Contact Information:
Christopher Haldane
Investor Relations Manager
416-987-0714
chaldane@marathon-gold.com
Phillip Walford
President and Chief Executive Officer
416-987-0711
pwalford@marathon-gold.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except 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.
About Uptick Newswire and the ‘Stock Day’ Podcast
Founded in 2013, Uptick Newswire is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors
while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued,
under-sold Micro-Cap stocks of the market. Uptick provides companies with customized solutions to their news distribution in both
national and international media outlets. Uptick is the sole producer of its “Stock Day” podcast, which is the number one radio
show of its kind in America. The Uptick Newswire “Stock Day” podcast is an extension of Uptick Newswire, which recently launched
its Video Interview Studio located in Phoenix, Arizona.
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SOURCE:
Uptick Newswire
https://upticknewswire.com/
