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Generation Mining Limited is pleased to announce that it has contracted Vital Drilling Services to complete a 5,000-metre drilling program along the western margin of a portion of the Company’s Marathon palladium copper project in Northwestern Ontario. The drill and crew began mobilizing to site on August 19, 2020 and it is anticipated that drilling will commence shortly. The exploration drill program is designed to test two areas of interest.<\/p>\n
Drill hole locations are shown in the attached figure.<\/p>\n
Mineralization at the Marathon deposit is recognized as being conduit related which manifest themselves as the feeder channels to the Marathon Deposit. These channels or conduits have the potential to host both disseminated and massive sulphide mineralization with varying metal tenors and copper-palladium ratios. Additionally, there is the potential for extreme palladium enrichment, typical of the W Horizon, due to upgrading by way of multiple pulses of metal rich magma passing through the feeder channels to the Marathon Deposit.<\/p>\n
The MT anomaly and northwest extension of the W Horizon have the potential for higher grade mineralization that could potentially be mined with underground methods. Gen Mining’s CEO Jamie Levy, stated, “we are looking forward to drilling the previously untested MT anomaly as well as the northwest extension to the W Horizon”. Gen Mining continues to evaluate the results of the MT survey on the Sally and Four Dams areas, located northwest of the Main Zone.<\/p>\n
Qualified Person<\/strong><\/p>\n Rod Thomas, P.Geo., Vice-President, Exploration and a Director of the Company has reviewed and approved the scientific and technical information contained in this news release. Mr. Thomas is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects.<\/em><\/p>\n About the Company<\/strong><\/p>\n Gen Mining’s focus is the development of the Marathon Deposit, the largest undeveloped platinum group metal Mineral Resource in North America. The Marathon Property covers a land package of approximately 22,000 hectares, or 220 square kilometres. Gen Mining acquired a 51% interest in the Marathon Property from Sibanye Stillwater on July 10, 2019 and can increase its interest to 80% by spending $10 million over a period of four years. As at the end of Q2 2020, approximately $5.7 million of the $10 million has been spent. Sibanye Stillwater has certain back-in rights that allow it to increase its interest in the Marathon Property back up to 51% in certain circumstances and subject to certain conditions after such time as Gen Mining has earned its 80% interest (see the Company’s press release of July 11, 2019 for more details).<\/p>\n For further information please contact:<\/p>\n Jamie Levy Tags:<\/b> Jamie Levy
President and Chief Executive
Officer
(416) 640-2934
(416) 567-2440
jlevy@genmining.com<\/p>\nSee Campaign: <\/strong>http:\/\/genmining.com<\/a>
Contact Information:<\/b>
Jamie Levy
\nPresident and Chief Executive
\nOfficer
\n(416) 640-2934
\n(416) 567-2440
\njlevy@genmining.com<\/p>\n
<\/a>, Wire<\/a>, Disclosure Newswire<\/a>, United States<\/a>, English<\/a><\/p>\n<\/div>\n
\nContact Information:<\/h3>\n
\nPresident and Chief Executive
\nOfficer
\n(416) 640-2934
\n(416) 567-2440
\njlevy@genmining.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"Generation Mining Limited is pleased to announce that it has contracted Vital Drilling Services to complete a 5,000-metre drilling program along the western margin of a portion of the Company’s Marathon palladium copper project in Northwestern Ontario. The drill and crew began mobilizing to site on August 19, 2020 and it is anticipated that drilling … Continue reading Generation Mining Begins 5,000-Metre Exploration Drill Program along Western Margin of Marathon Deposit<\/span><\/a> Continue Reading