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Generation Mining Ltd.
Summary
| Project: | Marathon | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Palladium-Platinum-Silver | |
| Date: | 7/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 7-7-2020: Generation Mining Ltd. announces a PEA report for its Marathon deposit at the Marathon project. Amended PEA results incl. post-tax NPV of C$871M, IRR of 30%. The following (Amended) Technical Report presents an Updated Mineral Resource Estimate | |
| Resources: | (Resource, M+I): 179.248Mt @ 1.24g/t PdEq. | |
| CP/QP: | [Resource] Eugene Puritch, Fred H. Brown, (P&E Mining Consultants Inc.) | |
| ABSTRACT: | The following (Amended) Technical Report presents an Updated Mineral Resource Estimate and Preliminary Economic Assessment prepared by P&E Mining Consultants Inc. (“P&E”) regarding the Marathon Deposit (the “Project”) on the Marathon Platinum Group Metals-Copper (“PGMCu”) Property, Marathon, Ontario, Canada (the “Property”). Generation Mining Limited owns a 51% interest in the Property (with an option to earn up to an 80% interest). Also presented are an Updated Mineral Resource Estimate on the Geordie Deposit, and an initial Mineral Resource Estimate on the Sally Deposit, both within the Marathon Property limit. The purpose for this (Amended) Technical Report is to provide data on the 2019,39-hole exploration drilling program that was concurrent with the Technical Report compilation and were not included with the January 6, 2020 Updated Mineral Resource Estimate and Preliminary Economic Assessment Technical Report. The Mineral Resource Estimates, Economic Analysis, Interpretations and Conclusions and Recommendations provided in the originally issued Technical Report remain unchanged. | |
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