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Generation Mining identifies high priority MT drill target within Marathon Deposit Feeder Zone
TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (TSX:GENM) (“Gen Mining” or the “Company”) is pleased to announce the preliminary results f
About this update from Generation Mining Ltd.
[{"type":"text","content":" TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) -- Generation Mining Limited (TSX:GENM) (“Gen Mining” or the “Company”) is pleased to announce the preliminary results from its SPARTAN Magnetotelluric (“MT”) survey over a portion of the Marathon Deposit resource including the W Horizon and structures to the west of the deposit which are believed to have provided a favourable environment for enriched palladium mineralization. Analysis of the MT data has identified one prospective target which consists of a discrete, previously undrilled, conductive MT anomaly situated at a vertical depth of approximately 650 meters downdip and immediately west of the Marathon Palladium Copper Deposit (Figure 1). The anomaly is at a depth beyond the depth penetration capabilities of a preexisting airborne electromagnetic survey of this area (completed by a previous operator) and most importantly the anomaly is more conductive than Marathon Palladium Copper deposit mineralization. Consequently, the anomaly constitutes a high priority drill target given its coincidence with the presumed down dip extension of the Marathon Series Gabbros which constitute the feeder zones to, and are the host of, PGM-Cu mineralization at the Marathon Deposit. Of specific interest in the immediate vicinity of the MT anomaly are extensions to the W Horizon which is recognized in the scientific literature as a zone of extreme palladium enrichment. The magnetotelluric method, typically abbreviated as MT, is an electromagnetic geophysical technique that uses natural electric fields from lightning sources, solar flares and ionospheric resonances that induce current flow in the ground which may be used to image the earth’s electrical resistivity structure from surface to great depths. MT data are processed and presented as resistivities which may be correlated with various geological features including conductive features which are of particular interest to the Company at the Marathon Property. MT has been used successfully on several PGM exploration projects in Northwestern Ontario. MT surveys at Marathon which began in mid-June 2020 (see June 17th, 2020 press release) were expanded to include the Four Dams as well as the Sally and Marathon areas. Analysis of the Sally and Four Dams results is expected shortly. Quantec Geoscience Limited crews completed...