Marathon Gold Announces Q3 2016 Financial Results

T.MOZ, Marathon Gold, gold

Marathon Gold Corporation (T.MOZ) announced today its financial results for the period ended September 30, 2016.

At September 30, 2016 Marathon had $3.0 million in cash and working capital.

Marathon closed a bought deal prospectus financing of flow through shares on October 27, 2016, generating gross proceeds of $8.0 million. The proceeds from this financing will fund ongoing mapping, prospecting and trenching programs and an accelerated 31,000 meter infill and extension drilling program at the Marathon and Leprechaun Deposits. This will be followed by an updated property mineral resource estimate, expected to be completed in the second quarter of 2017. read more

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