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10 26-11 moz-fallpresentation 10 26-11 moz-fallpresentation Presentation Transcript

  • Rapidly Developing North American Gold Resources Fall Presentation 2011 1
  • Forward Looking 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.
  • 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, Geomaque • 30+ years in the financial management and resources Exploration, LAC Minerals, Pamour Porcupine Mines, and Hudson industries Bay Exploration and Development • Former CFO of North American PalladiumSherry Dunsworth, P.Geo. | VP of Exploration Joe Spiteri, P.Geo. | Director• 25+ years in the mining industry • 30+ years in the mining industry• Former member of the Mineral Rights Adjudication Board of • Former senior Manager and Officer with Placer Dome, Newfoundland and Labrador Northgate Explorations, Lac Minerals and Campbell• Former Geoscience Councilor for the Association of Professional Resources Engineers and Geoscientists of Newfoundland and Labrador Page Chilcott | DirectorJim Kirke, CA | CFO • Former President of the Vancouver Stock Exchange• 15+ years involvement in the mining industry• Former CFO of BacTech Mining and Golden Odyssey Mining David Poynton | Director • 30+ years of legal and business experience • Former Senior VP, General Counsel and Corporate Secretary for Iberian Minerals and Cadillac Ventures
  • Strong Balance Sheet TSX:MOZ Strong Balance Sheet Share Price Performance Share Price (10-11-19) $1.40 1.2 $2.00 Shares Outstanding 22,915,928 Warrants ($1.80) 176,995 1.0 $1.80 Volume (millions) Options (at $1.61) 2,036,000 0.8 $1.60 Price (CAD) Fully diluted 25,128,923 0.6 $1.40 Market Cap ~C$31 million Cash Balance ~C$6.1 million 0.4 $1.20 Investors Stillwater (15%) 0.2 $1.00 Sprott Sentry SelectAnalysts 0.0 $0.80 Aug-11 Sep-11 Apr-11 May-11 Jul-11 Jan-11 Feb-11 Mar-11 Jun-11•Haywood Securities•Octagon Capital Corp.•Pope and Company Volume Price (CAD)
  • Company Highlights TSX:MOZ  Two gold projects in mining-friendly jurisdictions — Valentine Lake Project in central Newfoundland (50/50 JV with Mountain Two robust gold Lake Resources) projects — Fully permitted Golden Chest Mine in Idaho’s prolific Coeur d’Alene Mining District (50/50 JV with New Jersey Mining Company) • Can earn 60% by putting $3.5 M in the ground  Aggressive drilling programs underway Near-term ─ 25,000 m completed at Valentine Lake, focused on expanding the existing resource growth resource ─ 10,000 m program ongoing at Golden Chest potential  New hanging-wall gold bearing quartz veins discovery at the Leprechaun Deposit (J. Frank Zone) Significant  Five gold prospects identified along 17 km of strike at Valentine exploration ─ Leprechaun gold deposit resource contained within 750 m strike pipeline  Significant exploration potential at both Valentine and Golden Chest Several near-  Initial resource estimate at Golden Chest expected Q1-2012  Updated resource estimate at Valentine expected Q4 -2011 term catalysts  Potential to advance Golden Chest to development as early as 2013 given underground infrastructure and permits in place
  • Our Projects TSX:MOZ Newfoundland Legend Golden Chest Advanced Stage 1. Valentine Lake – Leprechaun Deposit 2. Golden Chest Idaho Early Stage 1. Baie Verte 2. Finger Pond
  • Our Projects TSX:MOZ Newfoundland NewfoundlandValentine Lake Baie Verte• Six mineral licenses covering 19,925 hectares • Located 13 km south of Anaconda Mining’s Pine• NI 43 101 Estimate – 187,000 oz Au Measured, Cove gold mine 90,000 oz Au Indicated and 285,000 oz Au Inferred • Significant area of gold and base metals anomalies• Gold mineralization identified along at least 17 km identified within a wide area of alteration• Leprechaun gold deposit is the most explored deposit among the five known gold occurrences• 25,000 m drill program completed• Drilling has shown continuation of near-surface gold mineralization and has extended the Idaho Leprechaun deposit along strike and down-dip Golden Chest • Prolific Coeur d’Alene mining regionFinger Pond • Historical producer• Located 50 km on strike and to the south-west of • Fully permitted for drilling, underground mining, Valentine Lake and tailings deposition• Historical exploration has outlined several gold and • 10,000 m drill program is ongoing base metal showings along the property’s 20 km • Significant potential for reserve growth through strike continued underground drilling• Targets ready to be drilled
  • Newfoundland TSX:MOZ
  • Valentine Lake: Flagship Project TSX:MOZ 50/50 Joint Venture between Marathon Gold and Mountain Lake; Marathon is the Operator 6 mineral licenses covering 19,925 hectares 30 km strike length; Gold mineralization identified along at least 17 km 25,000 m drill program completed $6 million budget in 2011 All Season Camp Solid Infrastructure camp expansion underway 90 km to Trans-Canada Highway Nearby hydro generation, water
  • Valentine Lake:Flagship Project TSX:MOZ
  • Valentine Lake: Leprechaun Deposit TSX:MOZ The most explored deposit among the 5 known gold occurrences Drilling has shown continuation of near-surface gold mineralization and has extended the Leprechaun deposit along strike and down-dip NI 43-101 compliant Resource Coarse and free gold have excellent metallurgical recoveries with ~50% by gravity, total >90% Total Tonnes Cut Au (g/t) Au oz Resource (MM) Above 0.50 A total of 145 drill holes of a 25,000 m 2011 drilling g/t cut off1 campaign have now been completed Measured 2.1 MM 2.768 187,000 Indicated 1.2 MM 2.363 90,000 Resources Estimate planned by end of year M+I 3.3MM 2.622 277,000 Inferred 4.4 MM 2.007 285,000 Total 582,000
  • Leprechaun Deposit TSX:MOZ Ideal for open PitView SW towards Leprechaun Pond
  • Leprechaun Deposit: TSX:MOZContinuity of Mineralization
  • Leprechaun Deposit:Ideal for Open Pit TSX:MOZ
  • Leprechaun Deposit:New Mineralization Step-out Drilling TSX:MOZ
  • Leprechaun Deposit New TSX:MOZDiscovery: J. Frank ZoneExtends in excess of850 m in length and250 m in width, and islocated up to 1.5 kmsouthwest along strikefrom the currentresource boundary ofthe Leprechaun Golddeposit
  • Leprechaun Deposit New Discovery: J. Frank Zone TSX:MOZ High grade grab samples consisting of quartz-tourmaline-pyrite with coarse visible gold returned assays of up to 581.88 g/t Au, 287.95 g/t Au, 152.75 g/t Au and 88.60 g/t Au The newly exposed quartz-tourmaline-pyrite-gold stacked veins occur 100 m into the hanging-wall Ongoing prospecting and stripping continues to exposes additional quartz veining along strike and into the hanging wall Channel sampling continues, with assays pending
  • J. Frank Zone:Coarse Visible Gold TSX:MOZ
  • Valentine Lake: Finger Pond Deposit 100% Owned TSX:MOZLocated 30 km on-strike and to the southwest from the Valentine Lake Gold ProjectHistorical exploration work outlines a number of gold and base metal showings along the 20km strike lengthExploration work planned for 2012
  • Idaho TSX:MOZ
  • Golden Chest Mine: Historical Producer TSX:MOZ  Past producing mine located within Idaho’s prolific Coeur d’Alene Mining District  Mining historically focused on high grade (>17 g/t) veins (Katie+Dora, Idaho, etc)  Recent localized mining by JV partner New Jersey Mining Company, produced 8,500 t of ore with an average grade of 6.90 g/t and an average recovery of ~94%  Can earn 60% by putting $3.5 M in the ground  Fully permitted surface and timber rights with an existing reserve and exploration potential  Stable rich mining heritage and beside major road  10,000 m of drilling ongoing in 2011Largest historical gold producer in Coeur d’Alene MiningDistrict
  • Golden Chest Mine TSX:MOZ
  • Golden Chest Mine: Near Surface Open-Pit TSX:MOZ2011 Drill Program 56 drill holes 10,000 m Underground rehabilitation underway in the historic high grade areaHighlights: GC 11-34 - 5.07 g/t Au over 21.6 m @ 25.8 to 71.1 m including 10.8 g/t gold over 3.8 m @ 45.9 to 53.8 m GC 11-33 - 3.00 g/t Au over 19.9 m from 22.0 to 55.1 m including 16.1 g/t Au over 2.5 m @ 26.5 to 30.6 m GC 11-39 - 1.94 g/t Au over 29.1 m from 3.4 m to 47.6 m GC 11-38 - 1.86 g/t Au over 13.3 m from 33.0 to 54.2 m
  • Golden Chest Mine:Potential for Open Pit and UndergroundTSX:MOZExplorationDDH-11-39 – 47.6 m @ 1.94 g/t AuDDH-11-37 – 29.0 m @ 1.51 g/t AuDDH-11-38 – 21.0 m @ 1.86 g/t Au DDH-11-35 – 30.5 m @ 0.86 g/t Au DDH-11-27 – 15.5 m @ 0.59 g/t Au DDH-11-30 – 21.0 m @1.30 g/t Au
  • Summary of Reserves and TSX:MOZResources Reserves & M and I Inferred Deposit Tonnes Au Grade Gold Tonnes Au Grade Gold (oz) g/t (oz) g/t Valentine Lake1 3,284,000 2.6 276,843 4,409,000 2.0 285,000 Golden Chest2 (underground) 242,058 5.1 37,885 - - - Golden Chest3 1,227,150 1.35 53,263 5,522,850 0.98 174,000 (open pit) Total Reserves & 4,753,208 3.0 367,991 9,931,850 1.5 459,000 Resources Attributable Marathon 2,376,604 3.0 183,995 4,965,925 1.5 230,000 Reserves & Resources1. Source: Technical Report on the Mineral Resource Estimate for the Leprechaun Gold deposit Valentine Lake Gold Project Central Newfoundland, Canada, dated January 31, 20112. Source: New Jersey Mining Company’s Form 10-L for the fiscal year-ended December 31, 20103. Historic non 43-101 complaint resource
  • Competitive Advantages TSX:MOZ  Located in mining-friendly Newfoundland, Canada and Idaho, USA  Strong infrastructure; highway/road access, water, fully equipped on sight LOCATION camps  Socio-economic and political stability  Over 80 years of Management experience in mining exploration, developmentMANAGEMENT and production  $6 Million in the bank  We have the GOLD - our focus is no longer to find the gold but develop andDEVELOPING grow the resources that we haveRESOURCES  Golden Chest – initial resource estimate expected Q1 2012  Valentine Lake – updated resource estimate expected in early 2012  Organic gold deposits at Valentine and Golden Chest have significant SIGINFICANT exploration potentialEXPLORATION  Mineralization covering only a fraction of Valentine’s total 30 km strike has POTENTIAL been delineated
  • Development Milestones TSX:MOZExploration Activity Q1 2011 Q2 2011 Q3 2011 Q4 2011Valentine Lake ProjectLeprechaun Gold & Valentine East Deposit Drilling (completed by October 2011) Geological Mapping Prospecting and Geophysics Metallurgical testing Updated Resource Estimate Preliminary Economic Assessment Base Line Environmental ProgramFinger Pond Project Prospection and target investigationGolden Chest Mine Drilling (10,000 m drill program) NI 43-101 New Resource & Reserve Estimate Underground Development Data Compilation of Historical Mine Data
  • TSX:MOZwww.marathon-gold.com