Marathon Gold Hits 6.53 g/t Au over 15.3 meters and 2.36 g/t Au over 29.75 meters at the 100% Owned Leprechaun Gold Deposit, Valentine Lake Project.

(From Canada Newswire)

Byline: Rick Lee

TORONTO, July 10, 2012 /CNW/ - Marathon Gold Corporation ("Marathon" or the "Company") (MOZ: TSX) today announced continued positive results from the summer 2012 drilling program at the Valentine Lake Project, Newfoundland (Figure 1). Step-out drilling at the Leprechaun Gold Deposit has intersected new high-grade gold mineralization up to 150 meters down-dip from the previously defined Main Zone boundary. This new drilling in the central part of the Leprechaun Gold Deposit continues to expand the high-grade Main Zone that is currently open at depth.

Highlights include:

Significant down-dip expansion of the Main Zone and growth of underground mining targets with new high-grade Main Zone mineralization including 6.53 g/t Au over 15.3 meters with 51.04 g/t Au over 0.9 meters, 15.14 g/t Au over 1.8 meters, and 13.71 g/t Au over 1.8 meters in VL-12-444, and 2.36 g/t Au over 29.75 meters with 46.50 g/t Au over 0.85 meters and 7.03 g/t Au over 0.85 meters in VL-12-448. Increased along strike continuity of high-grade Main Zone mineralization with infill drilling including 5.03 g/t Au over 10.0 meters with 31.21 g/t Au over 1.0 meters in VL-12-445, 4.75 g/t Au over 7.6 meters with 20.24 g/t Au …