TORONTO, Aug. 26 /CNW/ - Marathon PGM Corporation ("Marathon" or "the
Company", MAR-TSX) today announced the initial phase of results from the 2009
campaign at the Marathon PGM-Cu Project. This drilling is aimed at a new
mineralized zone, reducing the strip ratio and converting waste (inferred
resources) into ore (revenue tonnes) for the upcoming new mine plan and
reserves.
Highlights:
- hole M-09-473 intersected 40 m grading 0.88 g/t PGM and Au and 0.27 %
Cu in the new zone located within the pit boundary
- all holes to be included in the new the mine plan
"This drilling is testing the recently enhanced block model and a newly
identified zone with some pretty good results. It is important to note that
this material is within the pit shell and so will move tonnes from the waste
column to the reserve column," said David Good, VP of Exploration.
Initial Drilling
Holes M-09-470 and M-09-471 were drilled into blocks of inferred
resources in the middle of the pit and at the margin of the pit, respectively.
Hole M-09-472 was drilled underneath a block of footwall within the pit, and
successfully tested the model for mineralization.
