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10 22-12-fall presentation

  1. 1. Rapidly Developing North American Gold Resources at Low Cost and Low Risk October 2012 1
  2. 2. Forward Looking Information TSX:MOZ 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. 2
  3. 3. Company Highlights TSX:MOZ  Advancing two high grade gold projects located in mining-friendly jurisdictions ― Flagship Valentine Lake Project in central Newfoundland (100% owner and Two robust gold operator) projects ― Fully permitted Golden Chest Mine (50/50 JV with New Jersey Mining Company) in Idaho’s prolific Coeur d’Alene Mining District Proven  Over 80 years of management experience in mining exploration, development and production Management  Same management and technical team behind Marathon PGM (sold to Team Stillwater for $123 million in Dec. 2010)  Recently announced open pit and underground resource estimate and a 61% Continuing to increase in contained gold at the Valentine Lake Project grow resource ― Measured and Indicated: 9.54 million tonnes @ 2.22 g/t Au containing 682,000 base oz Inferred: 1.96 million tonnes @ 2.30 g/t Au containing 145,000 oz  Updated resource estimate at Golden Chest Mine expected in Q4-2012  Mineralization covering only a fraction of Valentine’s total 30 km strike has Significant been delineated exploration ― One drill rig is currently turning on the newly discovered J. Frank Zone upside southwest extension ― Leprechaun deposit remains open at depth and along strike 3
  4. 4. Capital Structure TSX:MOZ Capitalization Share Price Share Price (10-18-12) $0.75 Shares Outstanding 50,181,514 Warrants (average price $1.93) 3,650,650 Options (at $1.61) 1,740,000 (at $0.65) 1,690,000 Fully diluted 58,157,164 Market Cap ~C$38 million Analysts • Fraser Mackenzie • Octagon Capital Corp. • Haywood Securities; Tear Sheet • Canaccord; Tear Sheet 4
  5. 5. Proven Management TSX:MOZ Management Board of DirectorsPhillip Walford, P.Geo. | President , CEO & Director Phillip Walford, P.Geo. | See Management• 40 years in the mining industry, primarily in mining geology• Has held senior management roles at a number of companies George Faught, CA | Non-Executive Chairman throughout the Americas, including Anaconda Gold, • 30+ years in the financial management and resources Geomaque Exploration, LAC Minerals, Pamour Porcupine Mines, and Hudson Bay Exploration and Development industries • Former CFO of North American PalladiumSherry Dunsworth, P.Geo. | VP of Exploration • Vice Chairman of Aberdeen International• 25+ years in the mining industry• Has held positions with Anaconda Gold and Marathon PGM Joe Spiteri, P.Geo. | Director• Former member of the Mineral Rights Adjudication Board of • 30+ years in the mining industry Newfoundland and Labrador • Former senior Manager and Officer with Placer Dome,• Former Geoscience Councilor for the Association of Northgate Explorations, Lac Minerals and Campbell Professional Engineers and Geoscientists of Newfoundland Resources and Labrador • Current Director of AuRico Gold and RoxgoldJim Kirke, CA | CFO Page Chilcott | Director• 15+ years involvement in the mining industry • Former President of the Vancouver Stock Exchange• Former CFO of BacTech Mining and Golden Odyssey Mining David Poynton | Director • 30+ years of legal and business experience • President and CEO of Daycon Minerals • Former Senior VP, General Counsel and Corporate Secretary for Iberian Minerals and Cadillac Ventures 5
  6. 6. Deliverables and Objectives TSX:MOZ Accomplishments – Last 12 Months Acquired the Bonanza Mine, an historic high-grade producing mine in Oregon; Q4-2011 100% owned Reported initial NI 43-101 compliant resource estimate at the Golden Chest Mine Q1-2012 Updated NI 43-101 compliant resource estimate at the Valentine Lake Project, increasing contained M&I gold by 53% Acquired Mountain Lake Resources to become 100% owner and operator of the Q2-2012 Valentine Lake Gold Project Q3-2012 Completed 7,000 m drill program at Golden Chest Mine Updated the NI 43-101 compliant resource at the Valentine Lake Project, Q4-2012 incorporating 19,800 m of additional drilling and increasing contained M&I gold by an additional 61% Update NI 43-101 resource estimate at Golden Chest Mine Upcoming Continue to drill the newly discovered J. Frank Zone southwest extension 6
  7. 7. Focused on Rapidly Developing NorthAmerican Gold Resources TSX:MOZ Marathon Gold takes a 3-Pronged approach to de-risking your investment Marathon Gold Focused on developing Projects have solid gold resources in Projects have +1 infrastructure and are Canada and USA only- million oz Au at good located in mining- current resources are grades friendly jurisdictions expanding! Current Resources (at 100%) Valentine Lake Project: Open Pit Resource – M&I: 561,000 oz @ 2.14 g/t Au Inferred: 56,000 oz @ 1.93 g/t Au Underground Resource – M&I: 121,000 oz @ 2.75 g/t Au Inferred: 89,000 oz @ 2.60 g/t Au Golden Chest Mine: Initial Resource - M&I 121,100 oz Au @ 1.35 g/t Au, Inferred 179,000 oz Au @ 1.45 g/t Au 7
  8. 8. Corporate Strategy Going Forward TSX:MOZ “We Add Value by Adding Quality Ounces” Marathon Gold’s 2012/2013 Strategy UPDATING CONSERVING GROWTH RESOURCES CAPITAL - Progressing the - A new Open Pit and Valentine Lake Project Underground Resource - 1 drill rig turning towards the million ounce Estimate released October mark 22, 2012 - Prospecting, trenching and geological mapping - Longevity in a volatile -7,000 m of drilling to be market added to the Golden Chest Mine Resource 8
  9. 9. Our Projects TSX:MOZ Legend Advanced Stage 1. Valentine Lake – Leprechaun Deposit 2. Golden Chest Early Stage 1. Bonanza 2. Baie Verte 3. Finger Pond 9
  10. 10. Summary of Global Resources TSX:MOZ M and I Resources Inferred Resources Tonnes Au Grade Gold Au Grade Deposit Tonnes Gold (oz) g/t (oz) g/t Open Pit 8,160,000 2.14 561,000 897,000 1.93 56,000 Underground 1,371,000 2.80 121,000 1,062,000 2.60 89,000 Total 9.531.000 2.22 682,000 1,959,000 2.29 145,000 M and I Resources Inferred Resources Au Grade Gold Au Grade Deposit Tonnes Tonnes Gold (oz) g/t (oz) g/t Golden Chest Mine1 2,788,000 1.35 121,100 3,847,500 1.45 179,000 Global Resource 10,925,000 1.86 742,500 3,882,750 1.56 234,500 1 The Golden Chest Mine is a 50/50 joint venture with New Jersey Mining Company 10
  11. 11. Valentine Lake Project, Newfoundland(100%)Leprechaun Gold Deposit: Updated NI 43-101 TSX:MOZResource Estimate Open Pit Underground @ 0.50 g Au/t cut-off @ 1.5 g Au/t cut-off Total  Total 58,500 m drilling (2010-2012), of Tonnes Grade Au Tonnes Gold Gold Tonnes Grade Au which 19,800 m (2012) was added toCategory (kt) (g/t) (kOz) (kt) (g/t) (kOz) (kt) (g/t) (kOz) the resourceMeasured 2,892,000 2.25 209,000 141,000 3.34 15,000 3,033,000 2.30 224,000  Updated global NI 43-101 compliantIndicated 5,274,000 2.07 352,000 1,219,000 2.69 106,000 6,645,000 2.20 458,000 resource estimate; M&I increase of 61%Total M&I 8,166,000 2.14 561,000 1,371,000 2.75 121,000 9,385,000 2.22 682,000  New open pit and underground NI 43- 101 resource estimateInferred 897 1.93 56 1,062 2.60 89 1,959 2.29 145  2012/2013 drilling program will be focused on developing and upgrading resources underground, expanding the open pit resource along strike and defining new deposits along strike of the current resource to the northeast and the southwest  Coarse and free gold have excellent metallurgical recoveries with ~50% by gravity, total >90% 11
  12. 12. Newfoundland, Valentine Lake Project10+ Mile Long GOLD Corridor TSX:MOZ 12
  13. 13. Newfoundland, Valentine Lake Project100% Owned - Deposit Expansion TSX:MOZ 13
  14. 14. Newfoundland, Valentine Lake Project100% Owned : Leprechaun Gold Deposit TSX:MOZ 14
  15. 15. Newfoundland, Valentine Lake Project 100%Owned : Leprechaun Gold Deposit TSX:MOZ 15
  16. 16. Newfoundland, Valentine Lake Project100% Owned : Leprechaun Gold DepositTSX:MOZ 16
  17. 17. J. Frank Zone: 2 Vein Systems – J. Frank andGalley Veins and Repeater Hill and Adam Vein TSX:MOZ  Multiple high-grade gold- bearing quartz–tourmaline– pyrite veins over a 400 m strike length and extending up to 180 m into the hanging wall  New vein system comprised of two large east-west striking and moderately north dipping veins, named the Repeater Hill and Adam Veins. Both veins range up to 1.3 and have a current exposed strike length of 255 m and 85 m respectively. These veins are separated by 580 m and both veins contain high-grade gold and silver, as well as local clots of massive galena, sphalerite and lesser malachite and azurite  One drill rig is currently turning in the new extension in the southwest area 17
  18. 18. Valentine Lake Project: 3.5 km StrikeLength with Coarse and Free Gold TSX:MOZ 18
  19. 19. Newfoundland: Finger Pond TSX:MOZ 19
  20. 20. Idaho - Golden Chest MineProlific Coeur d’Alene Mining District TSX:MOZ Idaho Hill View West 20
  21. 21. Idaho, Golden Chest Mine: NI 43-101Resource Estimate, Near Surface Open-Pit TSX:MOZ Golden Chest Mine Open Pit Resource Estimate Tonnes g/t Au Au oz Katie - Total Cut-off Dora 0.40g/t M+I 2,788,000 1.35 121,100 Inferred 3,847,500 1.45 179,000 “H” Vein Initial Resource Estimate based on 10,000 m of drilling in 2011 18,034 m drilled to date (2011-2012) 7,000 m of drilling to be added to the updated Resource Estimate Past produced 8,500 t of ore with an average grade of 6.90 g/t and an average recovery of ~94% Fully permitted surface and timber rights with an existing reserve and exploration potential 21
  22. 22. Idaho, Golden Chest MineOpen-Pit & Underground Potential TSX:MOZ Open pit potential and significant opportunity for reserve growth with underground drilling 2011 Drilling – 102 DDH’s – 11,456 m 2012 Drilling – 50 DDH’s - total 6,578 m to date ― Recent highlights: 9.7 g/t Au over 7.7 m, including 30.3 g/t Au over 2.4 m; 4.4 g/t Au over 20.6 m, including 10.8 g/t Au over 7.0 m 22
  23. 23. Oregon TSX:MOZBONANZA MINECirca 1904 23
  24. 24. Oregon, Bonanza Mine(100%):Historical High-Grade Producer TSX:MOZ 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 24
  25. 25. Bonanza Mine: Property Boundary TSX:MOZ 25
  26. 26. Bonanza Mine: Property Boundary TSX:MOZ 26
  27. 27. Reasons to Invest TSX:MOZ RESOURCE SIGNIFICANTLOCATION MANAGEMENT DEVELOPMENT EXPLORATION POTENTIAL Over 80 years of Valentine Lake Project: Mining-friendly proven management New NI 43-101 compliant Classic lode gold jurisdictions experience in mining Open Pit and Underground deposit at Valentine exploration, Resource Estimate with Lake has significant development and M&I increase of 61% exploration potential Established production Updated resource estimate infrastructure; road at Golden Chest upcoming access, water, fully Mineralization covering equipped on-site camp only a fraction of Valentine’s total 30 km strike has been Socio-economic and delineated political stability; no native issues 27
  28. 28. TSX:MOZ www.marathon-gold.com 416-987-0714Phillip Walford Jennie GuayPresident and CEO Investor Relations Managerpwalford@marathon-gold.com jguay@marathon-gold.com 28