more drilling resultsMarathon drilling hits mineralization at WD zone 3 km south of Malachite zone
Mon Jun 25, 10:33 AM
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TORONTO, June 25 /CNW Telbec/ - Marathon PGM Corporation (MAR: TSX) ("Marathon" or the "Company") is pleased to announce the initial drilling results from the WD zone, located 3 km south of the Malachite zone. The best drilling results include 1.37 g/t PGM and gold and 0.16 % Cu over 10 m in hole MW-07-01, and 0.93 g/t PGM and gold and 0.22 % Cu over 10 m in hole MW-07-06. Trenching and drilling results are encouraging and confirm an extension of mineralization along a 700 m strike length.
Mineralization in the WD zone occurs along two sub-parallel north trending zones approximately 150 m apart as indicated by two geophysical IP anomalies. Marathon's initial exploration program tested the anomalies on surface with 11 trenches and with 8 diamond drill holes to a depth of 100 m along a 700 m strike length. The western zone is more significant and contains higher PGM values relative to copper. The best intersection, with 1.37 g/t PGM and gold and 0.16% Cu over 10 m in hole MW-07-01, is located at the southern end of the zone. The eastern zone is thinner with intersections on the order of 3 to 6 m and 0.2-0.4% copper with somewhat lower PGM values of 0.20- 0.35 g/t total PGM and gold.
The western zone is 400 m long and strikes near north and dips at approximately 45 degrees west. It is open to the south and at a depth of greater than 100 m. This zone was successfully identified from IP surveying through 20-30 metres of glacial till which has hampered exploration in the past. Marathon has expanded grid coverage south towards the Dunlop zone and will continue IP surveying to the south, considering the successful results of the surveys in identifying mineralization through till.
Exploration at the WD was completed in April during the spring thaw, when road access to the Main zone was poor. A total of eight holes were drilled, three of which (MW-07-02, MW-07-03 and MW-07-04) were abandoned due to thick overburden. The drills have since returned north to complete exploration and infill drilling in the area between the Main and the Malachite zones. Marathon is currently awaiting assay results for the recent drilling.