Marathon’s Summer Drilling in the Sprite Zone Confirms Near Surface Gold Mineralization

Press Release –

TORONTO, ON – September 15, 2014 – Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) today announced the results of drilling in the Sprite Zone, Valentine Lake Property (Figure 1). Drill holes VL-14-567 to VL-14-570 were designed to step out from mineralization intersected during previous winter 2014 drilling. Drill holes VL-14-571 to VL-14-577 were designed to target shallow quartz-tourmaline-pyrite (QTP) veining located directly beneath areas of anomalous channel intervals encountered in recent trenching (Figure 1). Best drill intervals included 2.80 g/t Au over 9.0 meters true thickness (TT) in VL-14-567, 2.48 g/t Au over 5.1 meters (TT) in VL-14-569 and 1.53 g/t Au over 11.2 meters (TT) in VL-14-575. The information from this shallow drilling has identified areas for further drilling and also yielded additional information about the structural controls on gold mineralization in this area of the Sprite Zone.

Highlights of Sprite Drilling:

• Best intervals in step-out drill holes included 2.80 g/t Au over 9.0 meters (TT) including 11.04 g/t Au over 0.9 meters (TT) and 7.04 g/t Au over 1.8 meters (TT) in VL-14-567, and 2.48 g/t Au over 5.1 meters (TT) including 8.60 g/t Au over 0.9 meters (TT) in VL-14-569. Drill holes VL-14-567 and VL-14-569 are 50 meter step-out holes from the wide gold intercepts found in previous drill holes VL-14-542 and VL-14-543, respectively.
• Best intervals in shallow-target drilling under trench channel intercepts included 1.53 g/t Au over 11.2 meters (TT) including 8.30 g/t Au over 0.8 meters (TT) in VL-14-575, and 1.39 g/t Au over 4.8 meters (TT) including 6.01 g/t Au over 0.8 meters (TT) in VL-14-574.
• Drill holes with significant intercepts with TT yet to be determined included 9.73 g/t Au over 7.0 meters including 28.22 g/t over 2.0 meters in VL-14-571 and 3.11 g/t Au over 8.0 meters including 11.24 g/t Au over 1 meters in VL-14-577. These drill holes cut at low angle to the dominant trend of mineralization.
• Drilling continues at the Sprite Zone as we further delineate the areas of most favorable near surface mineralization and build towards an open pit resource in this area located 2 kilometers NE of the Leprechaun Gold Deposit.

Marathon Area:

An access trail into the area of new gold showings at the Marathon Zone is now being completed. A program of trenching and channel sampling will commence this week with the aim of determining the surface extent and grade of this new mineralization. It is expected that any drill targets developed will be tested this fall.

“Marathon has a very busy fall ahead as we push forward with our prospecting, stripping and sampling at the Marathon Zone, and continued drilling at Rainbow and Sprite Zones. We are very pleased to see the continuation of the QTP veining at shallow depth along the length of the mineralized corridor as currently defined in the Sprite Zone. With our increased understanding of the geology of the mineralizing system we look forward to continued drilling as we work towards development of an initial open pit resource at the Sprite Zone,” said Phillip Walford, President and CEO of Marathon.

Read more: http://www.marathon-gold.com/i/pdf/news/2014-09-15_NR.pdf