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Marathon Drilling Extends Strike Length of High-Grade W Horizon by 175 meters
Thu Mar 20, 8:56 AM
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TORONTO, March 20 /CNW/ - Marathon PGM Corporation ("Marathon" or "the Company") is pleased to announce that drilling has extended the north-south strike length of the high-grade W horizon by 175 meters. Drilling intersected the high-grade W horizon both within and outside of the resource pitshell at the Marathon Project, located 10-km northwest of Marathon, Ontario.
Highlights:
- intersections in multiple holes confirm total north-south strike
length of the high-grade W horizon as 1,175 meters
- drillhole M-08-425 intersected 3.37 g/t PGM and Au and 0.21% Cu over
6 meters
- holes M-08-424 and M-08-425 intersected the W Horizon and are within
the resource pitshell
- these results are closing drilling gaps within the resource and will
reduce the amount of waste mining while increasing the resource size
David Good, VP of Exploration, said "Based on copper to palladium ratios and stratigraphic continuity, we've confirmed a 17% increase in W horizon strike length. This is an important interpretation as it increases the potential of finding more high-grade shoots as we increase drillhole density."
Phillip Walford, President and CEO noted, "Drilling results from Marathon to date demonstrate that the resource is still open, particularly the high grade W horizon. I expect that our program of drilling will continue for the next five months or more."
Table 1 - Results from Marathon Drilling
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True Total
Hole From To Thickness Pd Pt Au PGM and Cu
(m) (m) (m) (g/t) (g/t) (g/t) Au (g/t) (%)
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M-08-424 213 261 48 0.57 0.16 0.16 0.89 0.17
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including 229 239 10 1.05 0.28 0.35 1.68 0.32
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M-08-425 186 192 6 2.50 0.69 0.18 3.37 0.21
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M-08-426 198 226 28 0.86 0.26 0.10 1.22 0.26
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Current Drilling
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Drilling is currently focused in areas where low density of drilling resulted in a minimum of modeled resource material. Considering these areas are within the current resource pitshell, much of the contained rock was considered waste. Mineralization discovered through drilling will likely convert the waste to resource.
All of the samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario, to be assayed using fire assay and other standard techniques.