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Generation Mining Ltd.
Summary
| Project: | Marathon | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Gold-Platinum-Palladium-Copper | |
| Date: | 12/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2019: Generation Mining Ltd. announces an Exploration/Drilling Update report for its Marathon deposit at the Marathon project. Drilling results incl. 98m @ 0.04g/t Au, 0.10g/t Pt, 0.38g/t Pd, 0.307% Cu from 511m. TORONTO, Dec. 06, 2019 -- Generation | |
| Resources: | ||
| CP/QP: | [Overall Report]: Rod Thomas (Internal) | |
| ABSTRACT: | TORONTO, Dec. 06, 2019 -- Generation Mining Limited (CSE:GENM) (“Gen Mining” or the “Company”) is pleased to announce exploration drilling immediately west of the Marathon Deposit has successfully intersected the down dip extension of the Main Zone and high grade W-Horizon feeder conduits. The highest grade intersection from the 4 hole (3339 metre program) yielded 2 metres grading 8.03 grams per tonne palladium equivalent (PdEq) in hole M-19-238, within a 10-metre section grading 2.80 g/t PdEq. Hole M-19-537 intersected 98 metres grading 1.00 g/t PdEq. Holes M-19-537 and M-19-538 were step-out holes drilled 350 metres to the west of the Marathon deposit designed to intersect the feeder conduit closer to known mineralization as follow up to a 2017 drill program where hole M-17-526 was terminated due to poor drilling conditions encountered in a fault zone above the feeder conduit. Palladium Equivalent (“PdEq”) calculation in the tables below uses 2 years trailing USD per ounce commodity prices of $1,300, $900, $1,250 and $3.00 for Au, Pt, Pd and Cu, respectively. Summary assay results are tabulated immediately below. True widths in hole M-19-537 are estimated to be approximately 95% of the length of downhole intervals. | |
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