Marathon s Valentine Lake Property: An Emerging Gold Camp in Eastern Canada Sherry Dunsworth, V.P. Exploration March 3, 2015
Forward Looking Information 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
Marathon Gold Projects FLAGSHIP PROJECT Valentine Gold Camp, Newfoundland 3
4 Valentine Gold Camp, Newfoundland
5 Valentine Gold Camp Property Location and Infrastructure
VALENTINE GOLD CAMP HISTORY OF EXPLORATION Early 1960 s 1998 : Asarco, HBOG, Abitibi-Price, BP Canada, Noranda - base metal exploration and discovery of gold-bearing quartz veins, airborne EM-Mag, prospecting, geochem surveys, mapping by NL government, and 47 DDH s (~ 6,000m). 1998 2009 : Mountain Lake Resources and JV partners Noranda & Richmont - prospecting, airborne VLF-Mag, 90 ddh s (~17,000m), and structural study by InnovExplo (2006) concluding Leprechaun Gold deposit similar to Archean quartztourmaline lode gold deposits of Val-d Or (Abitibi). 2010 2014 : Marathon Gold Corporation - focused prospecting, trenching, mapping, drilling (531 ddh s & ~ 89,400M NQ-core), discovered Frank, Sprite and Marathon Zones, initial and updated NI 43-101 resource estimates for Leprechaun Gold Deposit and Victory Gold Deposits. 2015: Marathon Gold Corporation current drilling at the new Marathon Gold Deposit in preparation of an initial resource estimate in Q2-2015 6
Valentine Gold Camp Property, Geology and Gold Deposits & Occurrences 7
Valentine Gold Camp Orogenic Lode Gold S S L Valentine Gold Camp (after Evans, 1996)
QTP vein with VG, Trench 10400 Valentine Gold Camp: Lithology and Structure QTP S Shear fractured, sericite-carb-silica altered VLIS trondhjemite, cut by transposed foliated mafic dikes & shallow SWdipping QTP extension vein VLIS - Quartz porphyry (L>S) S S L Foliation in RLC Steep plunging elongate clasts of RLC
Valentine Gold Camp : Gold-Bearing QTP Veining Trench 12400 10
QTP vein with VG, Trench 10400 Valentine Gold Camp: Extensional QTP-Au Veining
Valentine Gold Camp QTP in drill core Sheared contact QTP & QTP intruding altered mafic dike QTP veining with coarse cubic pyrite intruding altered host trondhjemite 12 QTP
Valentine Lake Property: Au-bearing QTP Veining Relationship between reverse (compressional) fault, dilation and veining 2 dominant styles of QTP veining S (b) Fault filled shear veins (steep dip) S L SRK Consulting, 2009 (a) Extensional veins (shallow dip)
Gold Leprechaun, Sprite, Marathon and Victory Deposits, Valentine Gold Camp
Valentine Gold Camp, Newfoundland Opportunities multiply as they are seized Sun Tzu 15
Leprechaun Gold Deposit Valentine Gold Camp View SW Victoria Lake Reservoir Leprechaun Gold Deposit Current Resource Pit Shell Advanced Stage 1. Leprechaun Deposit 2. Golden Chest Early Stage 1. Bonanza 2. Finger Pond 16
2007 Magnetic Survey Leprechaun & Sprite Gold Deposits Valentine Gold Camp 17
Leprechaun Gold Deposit - Cross Section 10100 Valentine Gold Camp Leprechaun Gold Deposit: Structural controlled Orogenic lode gold deposit - Au-QTP veins Orogenic deposits extend to several kilometers in depth Currently >960 m strike length Open along strike & down dip Grades increasing with depth in high-grade ore shoots 316 MOZ drill holes in deposit totaling 61,253 m of NQ-size core 18
Longitudinal of the August 2013 Resource Pit Shell Valentine Gold Camp, Leprechaun Gold Deposit No drilling to date No drilling to date 19
Leprechaun Gold Deposit Aug 2013 Resource Valentine Gold Camp Summary of Resources Leprechaun Gold Deposit, Valentine Lake Tonnes (kt) Total Au Grade (g/t) Gold (oz) Measured & Indicated 10,587 2.28 775,000 Inferred 1,555 2.79 140,000 Victory Gold Deposit Victory Gold Indicated 761 1.67 41,000 Victory Gold Inferred 199 1.47 9,000 Total Valentine Lake Property (Leprechaun and Victory Gold Deposits) Highlights of the Valentine Lake Gold Camp 85% of the resource is in measured and indicated therefore little infill drilling is required Metallurgical recoveries between 92.8% and 95% from tests completed in 2014 by Thibault and Assoc. using conventional extraction Environmental baseline study is in its 4 th year and now proceeding with more advanced studies Measured and Indicated 11,348 2.24 816,000 Inferred 1,754 2.64 149,000 20
Sprite Deposit 2013 2014 Trenching Valentine Gold Camp View NE Sprite (north) Sprite (south) 21
2014 Trenching and Drilling - Sprite Deposit Valentine Gold Camp 22
Sprite Deposit - Cross Section 12270 Valentine Gold Camp 23
2007 Magnetic Survey Marathon Area Valentine Gold Camp Blue and Greens are MAG lows 24
Marathon Deposit - Prospecting, Trenching, Drilling Valentine Gold Camp Resource 25
2014-15 Drilling Marathon Deposit - Valentine Gold Camp 26
Marathon Deposit - Section 17210 (MA 14-001 - MA 14-003), Valentine Gold Camp Marathon Area Highlights: Exploration is on going at this time No previous drilling in the whole area New gold targets found by our prospectors Multiple drill targets over a 2km strike length Marathon Zone Highlights: Structurally controlled - multiple, stacked QTP-Au vein sets in wide alteration halo Open to depth and along strike to SW & NE s 27
Marathon Gold Deposit Longitudinal Au Grade Concentration 28
2007 Magnetic Survey Victory Gold Deposit Valentine Gold Camp 29
Victory Gold Deposit-Cross Section Valentine Gold Camp Victory Gold Deposit 30
Valentine Gold Camp Geology, Gold Deposits and Property 31
Thank you Leprechaun Gold Deposit www.marathon-gold.com Christopher Haldane Manager, Investor Relations chaldane@marathon-gold.com 32