TORONTO, Sept. 8 /CNW/ - Marathon PGM Corporation ("Marathon" or "the
Company", MAR-TSX) today announced the second set of results from the 2009
campaign at the Marathon PGM-Cu Project.
Highlights:
- hole M-09-480 intersected 67.7 m grading 0.47 g/t PGM and Au and
0.25 % Cu in the new zone located within the pit boundary
- these holes test the new 4800 zone of mineralization on the eastern
margin of the pit boundary
"It's important to note that two of the holes confirm the connection of
the new zone to previously defined mineralization," said David Good, VP of
Exploration.
Drilling Focus
Holes M-09-474 to M-09-480 are near the eastern edge of the pit shell to
test west dipping outcropping mineralization on strike and down dip.
Hole M-09-480 is collared in the new zone of mineralization, within 50 m
of the pit shell boundary and intersected a thick sequence of PGM-Cu
mineralization. Twenty five meters to the north, holes M-07-474 and -475 are
situated 50 m west and east of previously announced hole M-09-473 (please see
Marathon release of 20-Aug-09). On adjacent sections to the north by 25 and 50
m, holes M-09-479 and -477, respectively, encountered mineralization at
surface and traced it down dip. M-09-477 connected with the up dip extension
of previously identified mineralization and joined the new zone to previously
modeled mineralization.
In summary, the reported holes successfully confirmed the on strike and
down dip extensions of mineralization of the 4800 zone. The new zone is wedge
shaped which is 200 m wide at the base and up to 125 m along strike.
Marathon has designed the 2009 drilling campaign to improve drill
density, and resource classifications.