Marathon Gold Announces Filing of Golden Chest Technical Report
Marathon Gold Corporation (“Marathon” or the “Company”) (MOZ: TSX) reported that the NI 43-101 “Technical Report on the Golden Chest Property, Idaho, United States” by Charley Murahwi, P.Geo., FAusIMM and Richard Gowans, P.Eng. of Micon International Limited (“Micon”) dated November 24, 2011 was filed under the profile of the Company on Sedar today.
The report contains several historical estimates reported on the Golden Chest property which Marathon has referred to in previous disclosure, and clarifies that Marathon is not treating such estimates as current mineral resources or mineral reserves under NI 43-101. A qualified person has not done sufficient work to classify the historical estimates as a current mineral resource or mineral reserve and as such, should not be relied upon.
The report also contains a description of the exploration work that has been conducted on the Golden Chest Property since Marathon acquired its interest in the Golden Chest LLC joint venture in December 2010. Micon International Limited has been hired by Marathon and its joint venture partner New Jersey Mining Company to analyze the results of the drilling program in order to provide an estimate of mineral resources or mineral reserves on the Golden Chest Property under NI 43-101. It is anticipated that the analysis will be completed in the first quarter of 2012.
About Marathon Gold Corporation
Marathon Gold Corporation is a North American gold resource development company, with projects located in the mining friendly province of Newfoundland and Labrador, and a project in the prolific Coeur d’Alene Mining District of Idaho. Marathon has a project pipeline consisting of early stage exploration to advanced resource development projects. Marathon is continually evaluating new gold resource development projects of merit that are located within the Americas. Marathon’s focused and low-cost approach to exploration and resource development has an established record of delivering rapid growth. For more information visit: www.marathon-gold.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to Marathon Gold Corporation, 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 or results otherwise.
TORONTO, Nov. 25, 2011 /CNW/ -