New drilling resultsMarathon drills 8 m of 3.1 g/t PGM+Au in W Zone
Wed Apr 18, 10:38 AM
TORONTO, April 18 /CNW Telbec/ - Marathon PGM Corporation (TSX: MAR.TO) ("Marathon" or the "Company") is pleased to announce the results from 35 (exploration, definition and condemnation) drill holes in the RD and W zones of the Marathon PGM-Cu deposit. Sixteen of these holes contain significant PGM and gold and copper values over widths that are typical of known mineralization. Of the 16 holes with significant PGM and gold and copper, 5 were located near the outer margin of the W zone and 11 were infill holes in the RD zone. The remaining holes without significant values were definition and condemnation holes.
Please click here to view Drill Plan map:
https://files.newswire.ca/357/Marathon_project.doc
W Zone Drilling
A total of 5 holes were designed to test the continuity of the W zone at the west and north-west limits of mineralization. Metal values intersected are lower than normal but confirm the continuity of the mineralized envelope. Mineralization in hole M-07-266 is located near the eastern boundary of the zone and starts within 5 metres of surface.
Holes M-07-271, M-07-274 and M-07-295 confirm the down dip continuity of the zone, also with lower metal values. Hole M-07-275 confirms the continuity of the W zone down dip and along strike and contains 8 m of 3.1 g/t total PGM+Au and 0.04% copper. The high significance of hole M-07-275 is in the fact that it is located at the farthest northwest extent of drilling and indicates the potential of mineralization to the north and the west.
RD Zone Drilling
Marathon has finished exploration and definition of the RD zone and in this release, reports a total of 15 definition and 11 infill holes. The RD zone is a shallow, nearly horizontal mineralized zone, which is approximately 20 to 30 m thick. The infill holes have intersections between 6 m and 26 m thick, with total PGM and gold values ranging from 0.33 g/t to 2.57 g/t and copper values from 0.1% to 0.27%. The holes without significant PGM and gold values define the outer margins of the RD zone, and are less than about 60m deep. This includes the following holes: M-07-265, 267, 273, 280, 281, 282, 284, 285, 286, 287, 288, 289, 292, 294, 297, and 298. The detailed limits of the mineralization had to be defined for the feasibility study.
Two holes (M-07-268 and M-07-270) located between the RD and W zones were designed to test the continuity potential of mineralization, but contain no significant PGM and gold or copper values. This was expected based on previous mapping and sampling, the area had to be condemned for feasibility purposes.
The two rigs are currently drilling in the Dunlop and WD zones for the remainder of April while the snow melts and road conditions improve. The Dunlop zone contains abundant low grade copper mineralization with intersections typically on the order of 50 to 100 m. The WD zone is located 3 km south of the Malachite zone and is a new prospect uncovered by trenching last autumn. The first WD holes will test the IP anomaly defined at shallow depths by the Insight Array geophysical survey. The drill rigs will be returning to the Main and W zones by early May.