Drills Continue to Hit Palladium-Copper as Canadian PGM Project Advances

 

Generation Mining (TSX: GENM)(OTC: GENMF) — currently trading around C$0.80 per share — has extended palladium-copper mineralization at the Chonolith area [300 meters north of the main deposit] in the initial three holes of drilling as it progresses Marathon from an exploration to a mine project.

The company’s 2021 feasibility study envisions a 13-year mine life for Marathon — already considered the largest undeveloped platinum group metals (PGM) mineral resource in North America — with resource expansion drilling underway to potentially extend mine life.

Highlights from the first three holes from the Chonolith area include:

  • 1.01 grams per tonne (g/t) palladium and 0.46% copper over 46 meters; including:
                  - 1.92 g/t palladium and 0.83% copper over 8 meters

Gen Mining CEO, Jamie Levy, commented via press release:

Indent paragraph:

“The Marathon property continues to exceed expectations in terms of its exploration potential. This discovery of high-grade copper and palladium assays in near surface drill intercepts on trend from the Marathon Deposit demonstrates the potential for resource expansion and a longer mine life.”

More assays are due in short order as drilling at both the Chonolith and Powerline areas continues. Three additional holes have already been completed with five more to be drilled within the next couple of weeks.

With a steadfast minority partner in industry-leading Sibanye-Stillwater and resource expansion drilling underway, now is an excellent time to be taking a closer look at Generation Mining — and a great place to start is our feature report.

Yours in profits,

 

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest readers.


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