Generation Mining Ltd. (
C.GENM,
GENMF,
Forum) has announce results of a positive independent Preliminary Economic Assessment study (PEA) prepared in accordance with National Instrument 43-101 on the Marathon Palladium and Copper Project located in Northern Ontario.
Generation acquired a 51 percent interest in the Project from Sibanye Stillwater in July, 2019, and has an option to earn up to an 80 percent interest by spending $10 million within four years (
see Gen Mining’s news release dated July 11, 2019). The PEA provides a compelling base case assessment for the development of the Marathon Palladium Mineral Resource by open pit mining.
Recently, the Company acquired a large property holding covering about 17,000 hectares in the Northern Ontario jurisdiction of Marathon – a historical mining hotbed smackdab in the heart of the Canadian Shield.
Full story
here.
FULL DISCLOSURE: Generation Mining Ltd. is a paid client of Stockhouse Publishing.