New drilling resultsMarathon Drilling Expands High Grade W Zone and Establishes New Potential of SG Zone
TORONTO, March 21 /CNW Telbec/ - Marathon PGM Corp. (TSX: MAR) is pleased to announce the results of ten drill holes in the W zone and in the SG Zone.
The holes drilled to intersect the W Zone were for the most part infill holes.
The SG Zone, which is located 1 km south of the Malachite Zone,was tested with 5 drill holes and 4 of those holes intersected good values.
Please follow this link to view Main Zone Area Drilling map
https://files.newswire.ca/357/Wzone.doc
Dave Good, VP Exploration, said that "based on our preliminary studies of solid modeling and inter-element ratios it is likely that previously defined
individual mineralized zones are actually shoots within mineralized
envelopes." With this interpretation, mineralization in the upper horizon of the BR zone, the W zone and possibly the hanging wall zone of the Southern
Resources area are enclosed within a single envelope. In general, this
mineralized envelope contains higher concentrations of PGM with respect to copper in comparison to the Main zone. Previous intersections in the 4 holes
drilled by Anaconda Canada Ltd between the BR and Southern Resources zones are significant and indicate continuity along strike. The highest grade
intersection was in An-116 which had 1.5 m grading 12 g/t pgm and 0.27 % copper. Approximately 125m to the south along strike, drill hole An-117 intersected 2 m with 9.78 g/t PGM and 0.05% Cu. Overall, the envelope has grades below 3 gpt PGM, however there are lenses or shoots within the overall zone that are above 3 gpt. The high grade material previously announced in the last press release as well as the intercept in M-07-249 of 10 m grading
4.59 g/t PGM and Au and 0.05 % copper are from one of the shoots. The shoot now has 22 drill holes intersecting high grade mineralization that has been traced 200m down plunge and up to 170 m down dip.The other high grade intersection in M-07-242 of 4 m grading 7.45 g/t PGM
and gold and 0.01% copper is from another high grade shoot first encountered
in hole M-05-33 intersecting 10 m grading 8.32 g/t PGM and gold and 0.21 % copper including 2 m grading 25.11 g/t PGM and gold and 0.40 % copper. All the high grade shoots are still open to the north. There is an area approximately 1 km long by 700 m wide between the Malachite and the north end of the South Resource that has the potential for additional high grade shoots. Drilling is expected to continue in this area until the drills have to be removed for
break- up and will resume when conditions permit. The deeper and highest grade intercepts are not presently in the resource
as they are below the pit limits. A study will be made to determine if it is more economic to mine this material from underground to boost precious metal production early in the life of the operation.