Business
Generation Mining Begins 12,000 Metre Drill Program on Marathon Deposit
Toronto, Ontario--(Newsfile Corp. - August 20, 2019) - Generation Mining Limited (CSE: GENM) ("Gen Mining" or the "Company") is pleased to announce that it has
About this update from Generation Mining Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - August 20, 2019) - Generation Mining Limited (CSE: GENM) (\"Gen Mining\" or the \"Company\") is pleased to announce that it has signed a contract with Chibougamou Drilling for a 12,000-metre drilling program on its Marathon palladium project in northern Ontario. Two drills and crews have been mobilized to site and drilling commenced August 14th, 2019. The program is designed to test several high-priority sites on the 219.65 sq. km. property along a strike length of more than 40 km. Targets for the 2019 Exploration Program 3,000 metres testing the West Feeder Zone near the Main Zone Deposit 1,000 metres of confirmation/in fill drilling on the Marathon Deposit 2,700 metres exploration drilling on two Georgie Deposit offsets 2,600 metres of greenfield exploration drilling on Boyer Area 2,700 metres of drilling for the source of the extremely high grade samples and massive sulphides at Sally Area Gen Mining's CEO Jamie Levy stated \"As promised, we are hitting the ground running on the Marathon project which was acquired only a month ago. This project has been under-explored for the past several years during a time of unprecedented palladium prices. Our goal is to expand the current resource base while examining the economics of a potential mine.\" West Feeder Zone Target Past drilling has identified two of the likely conduits for the magma that originally formed the Main Zone and W Horizon deposits, which contain the majority of the historic resources on the Marathon Property. Also known as feeder zones, two of these conduits were the subject of a passive seismic survey in 2018. The survey outlined two potential targets at depth along the feeder zones (see Target A and B in the attached idealized plan figure which presents seismic velocities at a depth of 650 m). The largest of these - Target A - is located about one km west of the Main Zone proximal to the Main Feeder Zone Fault, and measures approximately 800 metres by 400 metres horizontally, and is shown at about 650 metres in depth with the top of the target at approximately 500 metres below surface in the accompanying idealized section view in Figure 2. In 2018 a gravity survey was completed over Target A and the gravity profile is also shown at the bottom of Figure 2. Of particular interest is the positive residual gravity feature coincide...