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Generation Mining Ltd.
Summary
| Project: | Marathon | |
|---|---|---|
| Deposit: | Marathon | |
| Location: | Canada | |
| Commodities: | PGM-Copper-Gold-Silver | |
| Date: | 9/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-9-2018: Generation Mining Ltd. announces a Resource Estimation report for its Marathon deposit at the Marathon project. JV - updated mineral resource estimate for project. TORONTO, Sept. 09, 2019 -- Generation Mining Limited (CSE:GENM) (“Gen Mining” or | |
| Resources: | (Resource, M+I): 179.248Mt @ 1.24g/t PdEq. pit constrained | |
| CP/QP: | [Resources]: Eugene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | TORONTO, Sept. 09, 2019 -- Generation Mining Limited (CSE:GENM) (“Gen Mining” or the “Company”) is pleased to report that a new independent Mineral Resource Estimate of the Marathon Deposit of the 51%-owned Marathon palladium-copper project in Northern Ontario estimates a 20% increase in contained Palladium-Equivalent ounces compared with the most recently published Mineral Resource on the Property from 2010. The Mineral Resource Estimate was prepared by P&E Mining Consultants Inc. of Brampton, Ontario, and was prepared using drill-hole data generated from past operators between 1985 and 2014. In doing so, P&E created an updated block model from scratch reflecting the recent improvements in some metal prices. The Marathon Property was explored by various companies over the past 35 years, and during this time, more than 1,094 drill holes totalling 203,000 metres were completed. The majority of this drilling was into the Marathon Deposit. “We are pleased to confirm and substantially improve on the historical Mineral Resource Estimates done on this project by previous operators and based on these results we plan to begin a Preliminary Economic Assessment (PEA) immediately," comments Generation CEO Jamie Levy. | |
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