Marathon drilling hits mineralization at WD zone 3 km south of Malachite zone
June 25, 2007 - Toronto, Ontario: Marathon PGM Corporation (MAR:TSX) ("Marathon" or the "Company") is pleased to announce the initial drilling results from the WD zone, located 3 km south of the Malachite zone. The best drilling results include 1.37 g/t PGM and gold and 0.16 % Cu over 10 m in hole MW-07-01, and 0.93 g/t PGM and gold and 0.22 % Cu over 10 m in hole MW-07-06. Trenching and drilling results are encouraging and confirm an extension of mineralization along a 700 m strike length. (Click here to view map)
Mineralization in the WD zone occurs along two sub-parallel north trending zones approximately 150 m apart as indicated by two geophysical IP anomalies. Marathon's initial exploration program tested the anomalies on surface with 11 trenches and with 8 Diamond drill holes to a depth of 100 m along a 700 m strike length. The western zone is more significant and contains higher PGM values relative to copper. The best intersection, with 1.37 g/t PGM and gold and 0.16% Cu over 10 m in hole MW-07-01, is located at the southern end of the zone. The eastern zone is thinner with intersections on the order of 3 to 6 m and 0.2-0.4% copper with somewhat lower PGM values of 0.20-0.35 g/t total PGM and gold.
The western zone is 400 m long and strikes near north and dips at approximately 45 degrees west. It is open to the south and at a depth of greater than 100 m. This zone was successfully identified from IP surveying through 20-30 metres of glacial till which has hampered exploration in the past. Marathon has expanded grid coverage south towards the Dunlop zone and will continue IP surveying to the south, considering the successful results of the surveys in identifying mineralization through till.
Exploration at the WD was completed in April during the spring thaw, when road access to the Main zone was poor. A total of eight holes were drilled, three of which (MW-07-02, MW-07-03 and MW-07-04) were abandoned due to thick overburden. The drills have since returned north to complete exploration and infill drilling in the area between the Main and the Malachite zones. Marathon is currently awaiting assay results for the recent drilling.
Results from WD drilling
Hole |
Zone |
From (m) |
To
(m) |
True thickness (m) |
Pd
(g/t) |
Pt
(g/t) |
Au
(g/t) |
Total PGM and gold (g/t) |
Cu
(%) |
MW-07-01 |
west |
88 |
98 |
10 |
1.03 |
0.22 |
0.12 |
1.37 |
0.16 |
MW-07-05 |
west |
55 |
69 |
14 |
0.40 |
0.18 |
0.09 |
0.67 |
0.13 |
MW-07-06 |
west |
117 |
127 |
10 |
0.72 |
0.13 |
0.09 |
0.94 |
0.22 |
MW-07-06 |
west |
145 |
153 |
8 |
0.59 |
0.16 |
0.08 |
0.83 |
0.22 |
MW-07-07 |
east |
no significant values |
MW-07-08 |
east |
51 |
57 |
6 |
0.15 |
0.05 |
0.04 |
0.24 |
0.28 |
MW-07-08 |
east |
79 |
83 |
6 |
0.16 |
0.04 |
0.05 |
0.25 |
0.34 |
Channel sampling from trenches
|
Zone |
Length (m) |
Pd (g/t) |
Pt (g/t) |
Au (g/t) |
Total PGM and gold (g/t) |
Cu (%) |
Channel 2 |
east |
2.99 |
0.20 |
0.05 |
0.09 |
0.34 |
0.40 |
Channel 3 |
east |
7.85 |
0.15 |
0.06 |
0.04 |
0.25 |
0.19 |
Channel 4 |
east |
9.03 |
0.15 |
0.05 |
0.04 |
0.24 |
0.18 |
Channel 8 |
west |
4.49 |
0.32 |
0.12 |
0.04 |
0.48 |
0.07 |
Channel 9 |
west |
5.35 |
0.47 |
0.10 |
0.08 |
0.65 |
0.09 |
Channel 10 |
west |
15.95 |
0.50 |
0.12 |
0.08 |
0.70 |
0.15 |
David Good, VP of Exploration, noted "I am excited with these initial results. Since there has been little work done in the vicinity of the WD, our recent work shows there is demonstrated exploration potential and also good potential to add to the resource in this area."
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 Marathon PGM Corporation
The Company has a 100-per-cent interest in the Marathon PGM -- Cu project, located about 10 kilometers north of Marathon, Ont. The project is currently undergoing a definitive feasibility study and a 35,000 m drill campaign. As announced previously, the company has completed a revised preliminary economic assessment in compliance with the provisions of National Instrument 43-101, showing a measured resource of 39.2 million tonnes containing 1.6 million ounces of PGM and gold and 285 million pounds of copper, and an indicated resource of 28.9 million tonnes containing 1.1 million ounces of PGM and gold and 178 million pounds of copper. An additional low-grade resource was also identified in the report completed by P&E Mining Consultants Inc. and filed on SEDAR on April 5, 2007.
In April 2007, Marathon entered into an option agreement with Gossan Resources on the Bird River Sill Ni+Cu and PGM property, located in Southeastern Manitoba. Marathon is conducting exploration activities through 2007 at the Bird River Sill and will be drilling at the Page Zone in late autumn.
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 co
uld 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 obligation 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.
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ON BEHALF OF MARATHON PGM:
"PHILLIP C. WALFORD"
PHILLIP C. WALFORD, P.GEO.
PRESIDENT, CHIEF EXECUTIVE OFFICER
GEN@MARATHONPGM.COM
TEL: +1.416.987.0711 
FOR MORE INFORMATION, PLEASE CONTACT:
DAVID LENG, P.GEO: DLENG@MARATHONPGM.COM
TEL:  +1.905.537.5377  
FAX: +1.416.861.1925 
WWW.MARATHONPGM.COM      
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