Marathon Gold Announces Filing of Golden Chest Technical Report
25 11월 2011 - 8:21PM
PR Newswire (Canada)
TORONTO, Nov. 25, 2011 /CNW/ - Marathon Gold Corporation
("Marathon" or the "Company") 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. Marathon
Gold Corporation CONTACT: Marathon Gold CorporationJennie
GuayInvestor Relations ManagerTel: 1-416-987-0714Email:
jguay@marathon-gold.comwww.marathon-gold.com
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