For thousands of other reports visit RSC's Mineral Intellingence Map
Generation Mining Ltd.
Summary
| Project: | Marathon | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | PGM-Copper-Gold-Silver | |
| Date: | 12/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-12-2019: Generation Mining Ltd. announces a Resource Estimation report for its Marathon deposit at the Marathon project. Updated mineral resource estimate at property. TORONTO, Dec. 02, 2019 -- Generation Mining Limited (CSE:GENM) (“Gen Mining” or the “ | |
| Resources: | ||
| CP/QP: | [Resources]: Eugene J. Puritch, Rod Thomas (P&E Mining Consultants Inc.;Internal) | |
| ABSTRACT: | TORONTO, Dec. 02, 2019 -- Generation Mining Limited (CSE:GENM) (“Gen Mining” or the “Company”) is pleased to announce an increase in the Mineral Resource Estimate for its Marathon Palladium property in Northwestern Ontario. The new estimate reflects a comprehensive review of the past drilling completed by the previous operators on the Geordie and Sally deposits which are both located on the Company’s Marathon Property and within 16 km of the Marathon Deposit, which contains an estimated 7.1 million palladium equivalent ounces Mineral Resources in the Measured and Indicated classification. The Geordie Deposit is located near the center of the Coldwell Complex approximately 14 km north-northwest from the Town of Marathon and can be accessed from the Trans-Canada Highway by a series of logging roads and ATV trails. The Geordie Deposit is hosted by the Geordie Lake Gabbro which has a north trending strike length of 2.5 km and varies in thickness from 50 to 600 metres. Mineralization consists primarily of disseminated chalcopyrite and bornite and occurs within a thick continuous basal zone that dips 45° to 60° west and can be traced over a strike length of 1.7 km. The Sally Deposit is situated on the northeastern margin of the complex, approximately 5.5 km north of the Geordie Deposit and 16 km along strike from the Marathon deposit. The deposit strikes east-southeast, dips 45° to 50° south and extends over a 1.2 km strike length and is open in all directions. Drilling has identified four main mineralized zones at Sally. The second and third mineralized zones are typically 40-50 metres and 40 metres thick, respectively and are hosted by the Two Duck Lake Gabbro which is the same host rock as at the Marathon Deposit. The second mineralized zone contains some of the highest Pd grades of the deposit and the third mineralized zone is the most continuous over the strike length of the deposit. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report