NEW YORK, Dec. 1, 2017 /PRNewswire/ -- OTC Markets Group Inc. (OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Marathon Gold Corporation (TSX: MOZ; OTCQX: MGDPF), a Toronto based gold resource development company, has qualified to trade on the OTCQX® Best Market. Marathon upgraded to OTCQX from the Pink® market.
Marathon begins trading today on OTCQX under the symbol "MGDPF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"Upgrading to OTCQX will enable Marathon to efficiently provide a transparent trading and information experience for its U.S. investors," said Jason Paltrowitz, Executive Vice President of OTC Markets Group. "Marathon joins the growing number of resource companies that trade on OTCQX to build visibility and long-term shareholder value."
"Upgrading our common shares to trade on OTCQX will improve access and liquidity in the U.S. markets for current and prospective Marathon shareholders. This will assist in expanding and diversifying our shareholder base in the U.S. as we continue to develop the Valentine Lake Gold Camp," stated Phillip Walford, President and CEO of Marathon.
Marathon was sponsored for OTCQX by Dorsey & Whitney LLP, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
About Marathon Gold Corporation
Marathon is a Toronto based gold exploration company rapidly advancing its 100% owned Valentine Lake Gold Camp located in Newfoundland, one of the top mining jurisdictions in the world. The Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totaling 1,847,000 oz. of gold at 1.88 g/t and inferred resources totaling 1,012,000 oz. of gold at 1.65 g/t. The majority of the resources occur in the Marathon and Leprechaun deposits, which also have resources below the pit shell. Both deposits are open to depth and on strike. Gold mineralization has been traced down over 350 meters vertically at Leprechaun and almost a kilometer at Marathon. The four deposits outlined to date occur in a 30-kilometer gold trend on the property, with much of the 24,000-hectare property having had little detailed exploration activity to date.
The Valentine Lake Gold Camp is accessible by year-round roads and is located in close proximity to Newfoundland's electrical grid. Marathon maintains a 50-person all-season camp at the property. Recent metallurgical tests have demonstrated 93% to 98% recoveries via conventional milling and 50% to 73% recoveries via low cost heap leaching at both the Leprechaun and Marathon Deposits.
To find out more information on the Valentine Lake Gold Camp please visit www.marathon-gold.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
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