Mining Firm Kicks Off Winter Drilling at Ontario Palladium-Copper Project

By Streetwise Reports / February 26, 2021 / www.theaureport.com / Article Link

Generation Mining plans to conduct this 8,000 meter program at Marathon in two phases.

Generation Mining Ltd. (GENM:TSX; GENMF:OTCQB; 9GN:FSE) launched an 8,000 meter exploration drill program at its Marathon palladium-copper project in Ontario, it announced in a news release. Boart Longyear Canada, the drill contractor, started the first hole, testing the Central Feeder zone target.

The 3,000-meter winter phase of the two planned phases "is designed to follow up on high grade, ramp accessible, drill results obtained from the recently completed 2020 drilling program of the Central Feeder Zone." The company will drill in the Central Feeder zone, where previous drilling returned palladium, platinum and copper mineralization.

Generation also will conduct initial testing of two other areas, the Chonolith zone north of the Main zone, where historical drilling, in 2006, showed potential for wide zones of palladium and copper mineralization, and drilling three holes in the westerly downdip extension of Marathon's Southern W horizon, defined by a set of 20-plus drill holes. Previous drill results returned gold, platinum, palladium and copper values.

"We are excited to follow up on the positive drill results from the summer 2020 program," Generation Mining CEO Jamie Levy said in the release. "The 2020 program also gave us two very prospective off hole conductor targets further down dip within the Central Marathon Feeder zone, which will be part of this program.We are also very excited to test the possible down dip extension in the high Pd grade Southern W-Horizon as well as begin evaluating the Chonolith Zone."

"All three areas have the potential to host ramp-accessible resources immediately adjacent to the Marathon deposit," Levy added.

The company noted that the targets for the "summer drill program are in the development stage."

Read what other experts are saying about:

Generation Mining Ltd.[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Generation Mining. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

Recent News

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com

US a major market for Canadian mineral exports

November 11, 2024 / www.canadianminingreport.com

Gold stocks down along with broad equities decline

November 04, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok