Marathon Gold Announces Results of Annual Meeting of Shareholders and Progress in Executing the CEO Succession Plan

World News: . []

TORONTO, June 12, 2019 (GLOBE NEWSWIRE) --  announced today the results of voting at the annual meeting of shareholders held on June 11, 2019 in Toronto, Ontario.

All of the director nominees set out in the management information circular dated April 25, 2019 were elected as directors, to serve a one-year term. In addition, PricewaterhouseCoopers LLP was re-appointed as the Company’s auditor for the fiscal year ending December 31, 2019.

Details of the voting are as follows:

The Company’s shareholders voted in favour of all matters brought before the meeting. The results of voting will be filed at .

The Board of Directors also reports that the recently announced search, led by Korn Ferry, for a new President & Chief Executive Officer is well underway and the Company is pleased with the caliber of potential candidates under consideration. The Board is confident that a strong mining executive will be recruited to focus on advancing Marathon’s strategy and the Valentine Gold project through the next stage of development.

Mr. Faught, Chairman of the Board stated, “On behalf of the Board of Directors we would like to thank our shareholders for their continued support of our development strategy. We now look forward to hiring a new CEO with the experience and profile to successfully lead Marathon and the Valentine Gold project through continued growth and value creation as we embark on the next stages of development”.

The Valentine Gold Camp is accessible by year-round road and is in close proximity to the provincial 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 an average of 65 to 72% extraction rates for 23 mm (1/2 inch) material via lower cost heap leaching at the Marathon and Leprechaun Deposits respectively.

To find out more information on the Valentine Gold Camp project, please visit .

 

More news and information about Marathon Gold Corporation

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Globe Newswire: 18:26 GMT Wednesday 12th June 2019

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