August 17, 2021:
* the Company will shortly resume drill testing the Chonolith area situated immediately NORTH of, and CONTIGUOUS with, the Marathon Deposit......
* These holes were drilled to follow up a 2006 hole which returned 100.5 metres grading 0.93 grams per tonne palladium, 0.584 % copper, 0.1 g/t gold and 0.25 g/t platinum, starting at a depth of 215.8 metres.
Feasibility 7.3.3 The Chonolith Zone:
The Chonolith Zone is presumed to be continuous with the north end of the Main Zone and this relationship will need to be confirmed by drilling.
In general, the Main Zone follows the foot wall contact north along the edge of the Main pit and at 5,406,300 N changes direction and continues down dip to the west.
The mineralization continues for 350 m west before turning north where it is interpreted to connect to a 200 m deep channel of mineralization referred to as the Chonolith (Figure 7.18).
The Chonolith Zone is up to 120 m thick and begins in the north at a depth of 200 m. The north-south trending section of the Chonolith is 500 m long and cut by only four drill holes.
The best intersection in the north south section is 1.3 g/t total PGM and 0.6% Cu over 95 m (Figure 7.19).
The section of the Chonolith that strikes west and connects with the Main Zone inside the open pit is intersected by a total of 10 drill holes.
The best intersection in this area is 1.28 g/t total PGM and 0.41% Cu over 50 m.
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The potential for Chono zone is a multiple of what the August 2021 press release gives.
Marathon:
The modeled Marathon mineralization domains extend along a corridor 2,000 m wide and 3,500 m in length.
If Chono continues to be confirmed, it would be 2-3 x's shallower & a much higher copper grade, than the lower W zone.
A far better option for blending with Marathon & very possibly sooner than the 50% LOM point.
Table 1.6: Payable Metals in Concentrates
Rhodium: TBD
Glta!!