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Generation Mining Provides Update on 2024 Summer Exploration Program
TORONTO / Jul 26, 2024 / Business Wire / Generation Mining Limited (TSX:GENM, OTCQB: GENMF) ("Gen Mining" or the "Company") is pleased to provide an update on i
About this update from Generation Mining Ltd.
[{"type":"text","content":"TORONTO / Jul 26, 2024 / Business Wire / Generation Mining Limited (TSX:GENM, OTCQB: GENMF) (\"Gen Mining\" or the \"Company\") is pleased to provide an update on its multi-phased summer exploration program targeting copper dominant and higher-grade palladium group metals (PGM) prospects on its Marathon Property in northwestern Ontario (see news release dated March 7th, 2024). The Company is also pleased to announce initial results from the ALS Goldspot Artificial Intelligence (“AI”) process. Jamie Levy, President and CEO commented, “We are very excited to get the first phase of the Goldspot AI process completed on the Marathon Property. The historic site data is now in one place and with the AI-tools being used to assess the exploration and structural data, we have identified 6 new high priority targets that have not previously been drilled and have seen only minimal ground exploration. The AI analysis and recent drilling results should lead to some very interesting future exploration potential.” Goldspot 2D Prospectivity Analysis Between March and June 2024, the company engaged ALS Goldspot to review and analyse over 60 years of historic surface exploration data using their AI driven integrated targeting technique. Targets were identified by comparing overlapping geophysical and geochemical signatures to those of known mineralization on the property. The exercise resulted in a total of 46 untested exploration targets, including 6 high priority and 14 moderate priority locations. The higher priority targets were selected based on a range of criteria, such as their similarities to other known deposits and prospects, upside size potential and relatively low density of surface prospecting data which represent some of the best areas for new discoveries on the property. These results will be used to guide several surface stripping and mapping programs being initiated in the coming months. A map of the identified exploration targets can be found in Figure 1. Diamond Drilling The diamond drilling portion of the 2024 exploration program has also been completed on the Marathon Property, including the Sally Deposit, Four Dams Prospect and Biiwobik Prospect. Sally Deposit Drilling at Sally consisted of a single drillhole targeting a large Magnetotelluric (MT) anomaly down dip from the Sally Deposit. Drilling was completed to 954 m and enc...