ONTARIO – The best of the 15 additional holes drilled at MARATHON PGM’s project near the town of the same name returned 6 metres grading 23.51 g/t PGM + Au and 0.02% Cu in the Malachite zone. The zone is now thought to average more than 10 g/t PGM + Au over a thickness of between two and 16 metres and a length of 170 metres.
The company has posted a map of the recent drilling on its website, www.MarathonPGM.com.
Marathon PGM has completed a preliminary economic assessment of the property and an NI 43-101-compliant estimate including measured and indicated resources of 49.3 million tonnes at 0.91 g/t Pd, 0.24 g/t Pt, 0.09 g/t Au and 0.31% Cu. The cost of developing an open pit mine and concentrator might be $248 million.