TORONTO, Dec. 01, 2017 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”) (TSX:MOZ) (OTCQX:MGDPF) is pleased to announce that the Company’s shares are now trading on the OTCQX Best Market in the United Stated under the symbol “MGDPF”. Marathon upgraded from the Pink Market. Investors can access trading, real-time level 2 quotes and a view a list of the Company’s news releases and financial disclosure documents at http://www.otcmarkets.com/stock/MGDPF/quote.
OTC Markets Group Inc., located in New York, N.Y., operates the OTCQX Best Market. Through OTC Link ATS, OTC Markets Group connects a diverse network of U.S. broker-dealers that provide liquidity and execution services.
“Upgrading our common shares to trade on OTCQX will improve access and liquidity in the U.S. markets for current and prospective Marathon shareholders. This will assist the company in expanding and diversifying our shareholder base in the U.S as we continue to develop the Valentine Lake Gold Camp” stated Phillip Walford, President and CEO of Marathon Gold.
About Marathon
Marathon is a Toronto based gold exploration company rapidly advancing its 100% owned Valentine Lake Gold Camp located in Newfoundland, one of the top mining jurisdictions in the world. The Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totaling 1,847,000 oz. of gold at 1.88 g/t and inferred resources totaling 1,012,000 oz. of gold at 1.65 g/t. The majority of the resources occur in the Marathon and Leprechaun deposits, which also have resources below the pit shell. Both deposits are open to depth and on strike. Gold mineralization has been traced down over 350 metres vertically at Leprechaun and almost a kilometer at Marathon. The four deposits outlined to date occur in a 30-kilometer gold trend on the property, with much of the 24,000-hectare property having had little detailed exploration activity to date.
The Valentine Lake Gold Camp is accessible by year-round roads and is located in close proximity to Newfoundland’s electrical grid. Marathon maintains a 50-person all-season camp at the property. Recent metallurgical tests have demonstrated 93% to 98% recoveries via conventional milling and 50% to 73% recoveries via low cost heap leaching at both the Leprechaun and Marathon Deposits.
