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Generation Mining Ltd.
Summary
| Project: | Marathon | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | PGM-Copper-Gold-Silver | |
| Date: | 10/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-10-2019: Generation Mining Ltd. announces an Exploration/Drilling Update report for its Marathon deposit at the Marathon project. Drilling results incl. 20m @ 0.92ppm Au, 4.94ppm Pt, 17.54ppm Pd, 0.281% Cu from 150m. TORONTO, Oct. 08, 2019 -- Generation | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rod Thomas (Internal) | |
| ABSTRACT: | TORONTO, Oct. 08, 2019 -- Generation Mining Limited (CSE:GENM) (“Gen Mining” or the “Company”) is pleased to provide an update on its 12,000-metre exploration program which is testing multiple targets along more than 20 km of prospective strike length at its 51% owned Marathon deposit located 10 km from the Town of Marathon, Ontario. The exploration program began in August using two diamond drills. To date over 21 holes have been completed amounting to 7700 metres. Initial drilling focused on twinning two holes in the W Horizon and two holes in the Main Zone, both of which form part of the Marathon Deposit, as well as drilling one infill hole. Additional drilling has been conducted on the Geordie East and Geordie North targets, the West Feeder Zone, and the Boyer Zone. Apart from Geordie East none of these targets have been previously drilled. Assay results from these holes are expected in the second half of October. Additionally, a passive seismic survey was conducted on the Sally Zone where a resource calculation is currently being undertaken. The survey is designed to pinpoint the potential source of massive sulphides found in the area as well as a grab sample taken in 2017 which assayed 183 grams per tonne total PGEs + Au and 9.1% copper. Results of the survey are expected within two weeks and may generate additional drill targets. | |
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