Marathon drilling continues to expand W and RD Zones
April 4, 2007 - Toronto, Ontario: Marathon PGM Corporation (TSX: MAR) (the "Company") is pleased to announce the results of ten drill holes in the W and RD Zones.
Marathon drilled four holes in the W Zone, with three holes intersecting good grades. These results are consistent with prior results in this zone, which is characterized by high PGM values. The highest grade intersection was in M-07-257, which had 8 m grading 7.1 g/t PGM and gold and 0.16% copper within a 76 m intercept grading 1.26 g/t PGM and Au and 0.11% copper. This hole also confirmed the down dip extension of the W Zone. Hole M-07-261 contained an intersection of 6..3 g/t of PGM and Au over 8 m, and hole M-07-263 contained an intersection of 3.1 g/t of PGM and Au over 6 m. These results further expand the W Zone mineralization up dip. Hole M-07-254 contained lower PGM values but confirmed the continuity of the W Zone mineralized envelope into the hanging wall of the BR Zone.
Drilling in the RD zone continues to outline the horizontal mineralization within a shallow basin in the footwall. Four contiguous holes (M-07-253, 255, 256 and 258) along section 3150 N contain a minimum 10 m of mineralization with grades between 0.3 to 1.7 g/t PGM and gold and 0.13 to 0.32% Cu and confirm the extension of the RD zone by 50 m to the south. Drill holes M-07-259 and M-07-269 contain no significant values and serve effectively to constrain the western boundary of the RD Zone.
The Company's current drilling activities are focused on expanding mineralization in the Malachite and W Zones and testing IP targets between the northern boundary of the BR Zone and the Southern Resource Area. These IP targets were identified during a deep IP survey conducted in January and February 2007. Drilling will shift in early April to exploration targets in the Dunlop and WD Zones while waiting for road conditions to improve after the spring thaw.
Hole |
Zone |
From
(m) |
To
(m) |
Intersection
(m) |
True
Thickness
(m) |
Pd
(g/t) |
Pt
(g/t) |
Au
(g/t) |
Rh
(g/t) |
Total PGM+Au (g/t) |
Cu
(%) |
M-07-253 |
RD |
5 |
15 |
10 |
9.5 |
0.52 |
0.23 |
0.1 |
tr |
0.85 |
0.24 |
M-07-254 |
W |
58 |
64 |
6 |
6 |
0.52 |
0.25 |
0.12 |
0.01 |
0.90 |
0.36 |
M-07-255 |
RD |
2 |
6 |
4 |
3.8 |
0.64 |
0.33 |
0.13 |
0.02 |
1.12 |
0.23 |
M-07-255 |
RD |
16 |
24 |
8 |
7.6 |
0.08 |
0.33 |
0.11 |
0.02 |
1.29 |
0.15 |
M-07-256 |
RD |
32 |
44 |
12 |
11 |
0.35 |
0.20 |
0.07 |
tr |
0.62 |
0.13 |
M-07-256 |
RD |
50 |
56 |
6 |
5.5 |
0.25 |
0.08 |
0.04 |
tr |
0.37 |
0.18 |
M-07-257 |
MAL |
122 |
198 |
76 |
76 |
0.76 |
0.40 |
0.08 |
0.02 |
1.26 |
0.11 |
includes |
W |
122 |
130 |
8 |
8 |
4.60 |
2.12 |
0.23 |
0.13 |
7.08 |
0.16 |
M-07-258 |
RD |
6 |
12 |
6 |
6 |
1.20 |
0.41 |
0.14 |
0.02 |
1.77 |
0.22 |
M-07-258 |
RD |
18 |
22 |
4 |
4 |
0.60 |
0.26 |
0.19 |
tr |
1.05 |
0.32 |
M-07-258 |
RD |
No significant |
values |
|
|
|
|
|
|
|
|
M-07-260 |
RD |
2 |
36 |
34 |
31 |
0.35 |
0.18 |
0.06 |
tr |
0.59 |
0.12 |
includes |
|
16 |
36 |
20 |
18.2 |
0.41 |
0.18 |
0.06 |
tr |
0.65 |
0.15 |
M-07-261 |
W |
8 |
16 |
8 |
8 |
4.48 |
1.62 |
0.05 |
0.12 |
6.27 |
0.04 |
M-07-262 |
RD |
No significant |
values |
|
|
|
|
|
|
|
|
M-07-263 |
MAL |
23 |
63 |
40 |
35 |
0.54 |
0.23 |
0.14 |
tr |
0.91 |
0.15 |
includes |
& W |
47 |
53 |
6 |
7 |
1.71 |
0.76 |
0.62 |
0.03 |
3.12 |
0.28 |
All of the samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ont., to be assayed using fire assay and other standard techniques.
All exploration work is being performed under the guidance and supervision of Phillip C. Walford, President and Chief Executive Officer of the Company, a professional geologist and Qualified Person as defined by National Instrument 43-101. Mr. Walford has approved the contents of this press release.
About the Marathon PGM - Cu Project
The Company has a 100% interest in the Marathon PGM - Cu Project, located about 10km north of Marathon, Ontario. A major drilling program is underway to expand the resource on the property.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These risks and uncertainties include but are not limited to those identified and reported in Management's Discussion and Analysis for the year ended December 31, 2006. Circumstances or management's estimates or opinions could change, and management disclaims any obl
igation to revise or update forward-looking statements, whether for new information, future events or otherwise. The reader is cautioned not to place undue reliance on forward-looking statements.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
THIS PRESS RELEASE CONTAINS A MAP. CLICK HERE TO VIEW ORIGINAL PDF DOCUMENT.
On behalf of Marathon PGM Corp., For more information, please contact:
"Phillip C. Walford" David Leng, P.Geo: dleng@marathonpgm.com
Phillip C. Walford Mobile: +1.905.537.5377
For media inquiries, please contact:
Vanessa Napoli : vnapoli@renmarkfinancial.com
 
;                                                   TEL. : (514) 939-3989
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Marathon PGM Corporation
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EXPLORATION STAGE |
CODE : MAR.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Marathon PGM is a nickel and zinc exploration company based in Canada. Marathon PGM holds various exploration projects in Canada. Its main exploration properties are BIRD RIVER - PAGE BLOCK, MARATHON, BIRD RIVER - NI ZONE, BIRD RIVER - ZN & CU ZONE and GEORDIE LAKE in Canada. Marathon PGM is listed in Canada and in United States of America. Its market capitalisation is CA$ 9.2 millions as of today (US$ 7.1 millions, € 6.2 millions). Its stock quote reached its lowest recent point on August 14, 1998 at CA$ 0.02, and its highest recent level on June 03, 2011 at CA$ 7.50. Marathon PGM has 17 700 000 shares outstanding. |