09 20-12-fall presentation

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09 20-12-fall presentation

  1. 1. Rapidly Developing North American Gold Resources at Low Cost and Low Risk Fall Presentation 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. 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• 25+ years in the mining industry Joe Spiteri, P.Geo. | Director• Has held positions with Anaconda Gold and Marathon PGM • 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 Resources Professional Engineers and Geoscientists of Newfoundland and Labrador Page Chilcott | Director • Former President of the Vancouver Stock ExchangeJim Kirke, CA | CFO• 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 • President and CEO of Daycon Minerals • Former Senior VP, General Counsel and Corporate Secretary for Iberian Minerals and Cadillac Ventures 3
  4. 4. Capital Structure TSX:MOZ Capitalization Share Price Share Price (09-11-12) $0.83 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$41.7 million Analysts • Fraser Mackenzie • Octagon Capital Corp. • Haywood Securities; Tear Sheet • Canaccord ; Tear Sheet 4
  5. 5. 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 5
  6. 6. Focused on Rapidly Developing NorthAmerican Gold Resources TSX:MOZ Marathon Gold takes a 3-Prong approach to de-risking your investment Marathon Gold Focused on developing Projects have solid Projects have gold Resources in infrastructure and are >1,000,000 oz Au Canada and USA only- located in mining- potential of good grade current Resources are friendly jurisdictions potential expanding! Current Resources (at 100%) Valentine Lake Project: M&I 424,000 oz Au @ 2.05 g/t Au, Inferred 305,000 oz Au @ 1.65 g/t Au Golden Chest Mine: M&I 147,000 oz Au @ 1.47 g/t Au, Inferred 233,300 oz Au @ 1.46 g/t Au 6
  7. 7. 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 Valentine Lake Project - 22,000 m of drilling to be and Golden Chest Mine added to the Valentine Lake - 1 drill turning towards the million ounce Project Resource by the end of the year - Prospecting, trenching and mark geological mapping - Longevity in a volatile -7,000 m of drilling to be market added to the Golden Chest Mine Resource 7
  8. 8. Valentine Lake Project, Newfoundland(100%)Leprechaun Gold Deposit: Updated NI 43-101 TSX:MOZResource Estimate GLOBAL Tonnes Cut Au (g/t) Au ozRESOURCEESTIMATETotal ResourceAbove 0.50 g/t cut off1 Elevation Measured 1,378,000 1.90 84,000 - 400m Indicated 5,068,000 2.09 340,000 - 300m M+I 6,446,000 2.05 424,000 - 200m Inferred 5,742,000 1.65 305,000 Open to Depth - 100m Updated NI 43-101 compliant Resource Estimate; M&I Increase of 54% Total 58,500 m drilling (2010-2012), of which 22,000 m (2012) is to be added to the Resource by year end Leprechaun Gold Deposit has been extended along strike and down-dip Hanging-wall zones are open in all directions 3 Dimensional Model of the Leprechaun Gold Deposit, Main Zone Alteration and Surface Resource Boundary Coarse and free gold have excellent metallurgical recoveries with ~50% by gravity, total >90% 8
  9. 9. Selected 2012 Drill Results; ResourceUpdate by Q4 2012 TSX:MOZ• 22,000 m of drilling to be added to the updated Resource Estimate in Q4 2012• The deposit remains open down-dip and along strike to the northeast and southwest Zone Hole ID From (m) To (m) Length*(m) Gold (g/t) Leprechaun VL-12-395 252 261 7.7 11.28 Gold Deposit VL-12-403 210 232 20.9 7.23 VL-12-407 289 304 13.5 9.19 VL-12-408 153 172 18.1 13.81 VL-12-410 277 289 11.4 8.06 VL-12-437 228 240 10.2 6.10 VL-12-444 303 320 17 6.53 VL-12-445 165 175 10.0 5.03 VL 12-451 9 15 6 7.56 VL 12-464 333 349 16 4.64 VL 12-465 328 341 13 13.20 * True Thickness 9
  10. 10. Newfoundland, Valentine Lake Project10+ Mile Long GOLD Corridor TSX:MOZ 10
  11. 11. Newfoundland, Valentine Lake Project100% Owned - Deposit Expansion TSX:MOZ 11
  12. 12. Newfoundland, Valentine Lake Project100% Owned : Leprechaun Gold Deposit TSX:MOZ 12
  13. 13. Newfoundland, Valentine Lake Project 100%Owned : Leprechaun Gold Deposit TSX:MOZ 13
  14. 14. Newfoundland, Valentine Lake Project100% Owned : Leprechaun Gold DepositTSX:MOZ 14
  15. 15. J. Frank Zone: New High-GradeGold Extension 400 m strike length TSX:MOZ  Discovered during summer 2012 prospecting and trenching program  Multiple high-grade gold-bearing quartz– tourmaline–pyrite veins over a 400 m strike length and extending up to 180 meters into the hanging wall  The Sprite, the Leprechaun Gold Deposit and the J. Frank Zone is now more than 3 km long  One drill is currently turning in the new extension in the southwest area 15
  16. 16. J. Frank Zone: One drill turning TSX:MOZ  Channel sampling of Trench 8175 returned surface intervals of 4.73 g/t Au over 24.68 meters including 20.45 g/t Au over 3.11 meters and 11.22 g/t Au over 4.2 meters, and 2.51 g/t Au over 4.45 meters Channel Sample Intervals - Trench 8175, SW J. Frank Zone Trench # From (m) To (m) Length Au gpt (uncut) 8175 1.9 26.58 24.68 4.73 including 1.9 5.01 3.11 20.54 including 21.41 25.61 4.2 11.22 29.66 34 4.34 0.95 47.36 57.74 10.38 0.19 135.76 140.21 4.45 2.51 16
  17. 17. Leprechaun Gold Deposit:Coarse and Free Gold TSX:MOZ 17
  18. 18. Newfoundland: Finger Pond TSX:MOZ 18
  19. 19. Idaho - Golden Chest MineProlific Coeur d’Alene Mining District TSX:MOZ Idaho Hill View West 19
  20. 20. Idaho, Golden Chest Mine: NI 43-101Resource Estimate, Near Surface Open-Pit TSX:MOZ GLOBAL Tonnes g/t Au Au oz RESOURCE ESTIMATE Katie - Total Cut-off Dora 0.40 g/t M+I 3,107,000 1.47 147,000 Inferred 4,978,000 1.46 233,300 IN OPEN PIT Total Cut-off Tonnes g/t Au Au oz 0.40g/t “H” Vein M+I 2,788,000 1.35 121,100 Inferred 3,847,500 1.45 179,000 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 20
  21. 21. 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 – 11,456m 2012 Drilling – 50 DDH’s - total 6,578m to date 21
  22. 22. Oregon TSX:MOZBONANZA MINECirca 1904 22
  23. 23. 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 23
  24. 24. Bonanza Mine: Property Boundary TSX:MOZ 24
  25. 25. Bonanza Mine: Property Boundary TSX:MOZ 25
  26. 26. Reasons to Invest TSX:MOZ SIGNIFICANT RESOURCELOCATION MANAGEMENT EXPLORATION DEVELOPMENT POTENTIAL Over 80 years of Valentine Lake Project: Mining-friendly Classic lode gold jurisdiction: proven management - NI 43-101 compliant experience in mining Updated Resource deposit at Valentine Newfoundland Lake has significant exploration, Estimate with M&I development and increase of 53% exploration potential Established production -22,000 m of drilling to be infrastructure; road added to the Resource by access, water, fully the end of the year Mineralization equipped on-site camp covering only a fraction of Valentine’s Rapidly approaching the total 30 km strike has Socio-economic and million ounce mark been delineated political stability; no native issues 26
  27. 27. TSX:MOZ www.marathon-gold.com 416-987-0714Phillip Walford Jennie GuayPresident and CEO Investor Relations Managerpwalford@marathon-gold.com jguay@marathon-gold.com 27

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