Bird River Property resultsPromising First Results from Bird River Property for Marathon PGM Corp
Mon Jun 11, 11:32 AM
MONTREAL, June 11 /CNW Telbec/ - Marathon PGM Corporation (MAR: TSX) ("Marathon" or the "Company") is pleased to announce it has commenced the 2007 exploration campaign on the Bird River Sill, located in southeastern Manitoba. Marathon PGM is earning a 50 % interest in the property from Gossan Resources Ltd., and has the right to earn 70% by completing a feasibility study. Marathon has identified a number of targets that warrant diamond drilling.
Positive Initial Results from Prospecting
Marathon has started a detailed compilation of historical work and has mobilized geological staff to the Bird River Sill. Initially, prospecting will be the main focus of work, which will verify some of the airborne geophysical targets and evaluate the numerous occurrences. Marathon's prospecting has yielded positive initial results, as a number of rock samples collected over a strike length of 100 meters exhibit high values of PGM and variable nickel and copper values. Collected in the far western end of the BRS, some 21 km west of the Page Zone, the chemistry of the samples clearly demonstrates that PGM mineralization is known to occur in multiple environments over the entire property.
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Sample Au Pt Pd PGM+Au Ag Cu Ni
(g/t) (g/t) (g/t) (g/t) (g/t) (%) (%)
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C377509 0.04 0.37 0.35 0.76 0.2 0.01 0.02
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C377511 0.70 1.21 1.39 3.30 1.2 0.44 0.21
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C377514 0.34 0.38 0.78 1.50 1.1 0.39 0.22
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C377519 0.09 0.35 0.70 1.14 0.7 0.27 0.19
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C377520 0.23 0.67 1.48 2.17 0.4 0.09 0.32
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C377521 0.14 0.45 0.84 1.43 1.1 0.21 0.02
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The Page Zone
The Page Zone is the most advanced target within Marathon's BRS property,
having several holes containing nickel, copper, platinum and palladium values
over a strike length of 1km. Most of the historic drill holes were not assayed
for PGM. The Page Zone is approximately 4 km North West of Mustang Minerals
Maskwa mine, which is at present undergoing a prefeasibility study. The total
potentially mineable material (prepared by Micon International, September
2006) at Maskwa is 9,048,200 tonnes at 0.62% Ni, 0.13% Cu, 0.02% Co,
0.15 g/t Pt and 0.58 g/t Pd.
Marathon has given the Page Zone highest priority for drilling due to both
its proximity to the past producing Maskwa and Dumbarton mines and the
similarity of the contact style of mineralization. Numerous showings of
similar Ni+Cu and PGM mineralization exist along the sill for much of the
21 km of the property's strike length. A ground geophysical program is planned
to optimize drilling on the Page Zone as well as locate on the ground the
airborne geophysical targets for planned drilling later in the year.
David Good, VP of Exploration, noted "Taking into account that
mineralization at the Page Zone has been intersected over a 1 km strike length
on surface, and is open to a depth of 200 metres is the prime reason we're
focusing on the Page immediately. We are excited about the potential the Page
represents, in addition to the exploration potential from the PGM
mineralization now having been recognized in more than one environment."