Marathon PGM Corporation

Published : March 11th, 2009

Reports Positive Drill Results at Bird River

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Keywords :   Canada | Copper | Diamond | Nickel | Platinum | Silver | Zinc |

Marathon Reports Positive Drill Results at Bird River

     TORONTO, March 11 /CNW/ - Marathon PGM Corporation ("Marathon") (TSX:MAR)
today provided the latest assay results from the first phase of drilling at
the Ore Fault and Page Zones within the Bird River Project, southeast
Manitoba. The Bird River Project is a joint venture with Gossan Resources
(TSX-V:GSS); Marathon, the operator, has a 53 % stake.
     Marathon's drilling intersected two distinct types of mineralization: (i)
lenses of Nickel-Copper and Platinum Group Metals ("Ni-Cu-PGM"); and (ii)
Copper-Zinc-Silver ("Cu-Zn-Ag"). The first phase of the 2009 drilling program
completed a total of 971 m in seven holes; two holes (534 m) were drilled at
the Ore Fault Zone and five holes (437 m) were drilled at the Page Zone. Holes
reported in this release lie within the current resource pitshells and will
add to the resource base.


     -   2.8 m intersection of Ni-Cu-PGM mineralization grading 2.66 % Ni,
         2.10 % Cu, 15.25 g/t Ag and 2.03 g/t PGM + Au in a sulphide lens at
         the Page Zone within hole MP-09-17
     -   2.5 m intersection of Cu-Zn-Ag mineralization grading 2.23 % Zn,
         0.74 % Cu and 50.47 g/t Ag in a sulphide lens at the Ore Fault Zone
         within hole MF-09-27
     -   On-section continuity mineralization established at Ore Fault over
         strike length of 350 m

     Phillip Walford, Marathon's President and CEO stated that, "It is
important to note that over a 22 km strike length, only 3 km have been drill
tested by Marathon. Two holes reported here include wide intersections of
mineralization; the most impressive includes 28 m and 17 m true width, cut by
hole MF-09-27 in the Ore Fault Zone."

     Assay Results - Ore Fault Zone
     Hole        From   To   True   Pd    Pt    Au  Total   Ag   Zn   Cu   Ni
                   (m)  (m) Width (g/t) (g/t) (g/t)  PGM  (g/t)  (%)  (%)  (%)
                               (m)                 and Au
     MF-09-27      95   99.3  4.3 0.46  0.11  0.02  0.59  1.83 0.03 0.15 0.45
     MF-09-27     158    186   28 0.52  0.12  0.02  0.66  2.54 0.01 0.16 0.41
     Including    158  159.9  1.9 0.46  0.09  0.01  0.56  0.84 0.01 0.08 1.15
     MF-09-27     271    276    5 0.82  0.17  0.07  1.06  9.75 0.28 0.27 0.39
     MF-09-27     277  299.2   17 0.01  0.01  0.04  0.05 19.06 1.39 0.35 0.02
     Including  284.6  287.8  2.5 0.01  0.01  0.21  0.23 50.47 2.23 0.74 0.01
     Including  294.2  299.2    4 0.01  0.01  0.02  0.04 27.16 3.17 0.51 0.02

     Assay Results - Page Zone
     Hole        From   To   True   Pd    Pt    Au  Total   Ag   Zn   Cu   Ni
                   (m)  (m) Width (g/t) (g/t) (g/t)  PGM  (g/t)  (%)  (%)  (%)
                               (m)                 and Au
     MP-09-14      31   41.6 10.6 0.41  0.10  0.04  0.55  1.17 0.01 0.31 0.42
     MP-09-15    70.2     76  5.8 0.38  0.09  0.02  0.49  2.58 0.02 0.20 0.34
     MP-09-17    16.1   18.9  2.8 1.66  0.34  0.03  2.03 15.25 0.03 2.10 2.66
     MP-09-17    27.5   29.4  1.9 0.83  0.18  0.01  1.02  3.20 0.01 0.53 1.47
     MP-09-18     6.7     14  7.3 0.30  0.07  0.02  0.39  1.08 0.01 0.18 0.31
     (1) MP-09-16 intersected no significant values

     Ore Fault Zone Mineralization and Drilling

     Drilling has focused on two distinct types of mineralization that occur
together, lenses of Ni-Cu-PGM mineralization dipping at 45-60 degrees and
vertically dipping lenses of Cu-Zn-Ag mineralization. The Cu-Zn-Ag
mineralization has so far been defined in holes over a north-south strike
length of 350 m, vertical depth of 250 m and remains open down-dip and to the
     Hole MF-09-27 is a step-out hole on higher grade lenses of Ni-Cu-PGM and
Cu-Zn-Ag mineralization which converge at surface. Hole MF-09-27 was drilled
50 m to the west of MF-09-26 to test down-dip continuity of the mineralized
     Holes MF-09-26 and MF-09-27 were drilled on section 4660 in an area that
returned good intersections of mineralization last year, (19.7 m intersection
of the lower Zn-Cu-Ag zone grading 4.61 % Zn, 0.74 % Cu, 51.1 g/t Ag and 0.15
g/t PGM and Au within a semi-massive sulphide lens in hole MF-08-07, see
Marathon press release dated 25-Mar-08). The intersections of Cu-Zn-Ag
mineralization in holes MF-09-26 and -27 are continuous over a vertical depth
of at least 150 m.

     Page Zone Mineralization and Drilling Focus

     2009 drilling at the Page Zone was completed in order to increase grade,
tonnage and improve the resource classifications. Holes were aimed to
intersect high grade material through the use of step-out and in-fill
drilling. Drilled holes were all shallow, typically intersecting
mineralization at a vertical depth of less than 60 m. These holes intersected
stacked sulphide lenses of Ni-Cu-PGM mineralization, similar to results from
last year's drilling, (15.5 m intersection of Ni-Cu-PGM mineralization grading
0.81 % Ni, 0.35 % Cu, and 0.67 g/t PGM and Au in a sulphide lens within hole
MP-08-08, see Marathon press release dated 26-May-08).
     MP-09-17 successfully tested both up-dip mineralization from MP-08-09 on
section 700E and massive sulphide lenses along from MP-08-06 20 m to the west.
MP-09-18 was a step-out hole that successfully tested up-dip massive sulphide
lenses from MP-08-07 on section 680E.

     2009 Phase Two Drilling

     Marathon is planning the second phase of drilling for the Bird River
Project to focus on high-priority targets with the continued aim of expanding
resources, improving grade and classifications.
     Marathon owns 53% of the Bird River Project, however, Marathon's
ownership will be increasing according to the dilution clause, as Gossan did
not participate in this program. The Bird River Project is very large,
covering a strike length of 22 km of the Bird River Sill. Numerous known
showings of Ni-Cu-PGM mineralization are present throughout the Bird River
     To view details on the Bird River Project's NI 43-101 Technical Report,
please visit Marathon's website by clicking on
     To view cross sections and locations of the Page, Ore Fault and other
mineralized zones within the Bird River Project, please visit Marathon PGM's
website by clicking the following link


     Samples consist of NQ-size drill core that are split by Diamond saw on
site, prepared at ALS Chemex Vancouver, and assayed by fire assay with an
ICP-OES finish (for Pt, Pd and Au) and acid dissolution and ICP-OES finish for
base metals. Marathon's quality assurance-quality control (QA-QC) program
consists of insertion of standards of known PGM content and duplicates every
30 samples. After sampling, the remaining half core is retained on site for
future verification and reference purposes.
     David Good, P.Geo., VP Exploration, is Marathon's Qualified Person in
compliance with National Instrument 43-101 with respect to this release. Dr.
Good has reviewed the contents for accuracy and has approved this press
release on behalf of Marathon.

     About Marathon PGM Corporation:

     Marathon completed a definitive feasibility study on the Marathon PGM-Cu
deposit in December of 2008. Marathon also has development and exploration
stage properties in southeastern Manitoba and western Newfoundland and
Labrador. Marathon's management plans to build on this focus through the
advancement of its properties, focusing on resource development and by
examining other strategic PGM and base metal opportunities within Canada.

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, 2007. 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.

     On Behalf of Marathon PGM:
     "Phillip C. Walford"
     Phillip C. Walford, P.Geo.
     President, Chief Executive Officer
     Tel: +1.416.987.0711

     %SEDAR: 00020574E
For further information: David Leng, P.Geo., Tel: (416) 849-3432, Fax: (416)

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Marathon PGM Corporation

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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.

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Financings of Marathon PGM Corporation
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Nominations of Marathon PGM Corporation
8/8/2007 appoints Raymond Mason as VP of Operations
Financials of Marathon PGM Corporation
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8/2/2007 Announces 2007 Q2 Financial Results
5/15/2007Announces 2007 Q1 Financial Results
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10/7/2009(Geordie Lake)Development Plans for Geordie Lake Deposit
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9/10/2009(Marathon)Announces Analyst Day at Marathon PGM-Cu Project
9/8/2009(Marathon)Marathon's Drilling Pushing New Boundaries
7/6/2009(Marathon)Project DFS Being Optimized
6/10/2009(Marathon)Completes Purchase of Bamoos Land Package
6/12/2009(Bird River - Page Block)Marathon Intersects Sulphide Lenses at Coppermine Zone
6/1/2009(Marathon)Better Metallurgy and Economics
3/11/2009(Bird River - Page Block) Reports Positive Drill Results at Bird River
2/27/2009(Bird River - Page Block)Bird River Resource Expansion Continues
2/3/2009(Bird River - Page Block)Marathon Files Technical Report on Feasibility Study and Res...
1/15/2009(Bird River - Page Block) Develops Two Resources on Bird River Project
12/19/2008(Marathon)Project Receives Positive Feasibility Study
11/6/2008(Marathon)Project Receives Support from Pic River First Nation
8/12/2008Definitive Feasibility Study Update
7/29/2008(Marathon)Hits Thickest Ever Intersection of PGM-Cu Mineralization, 18...
7/16/2008(Bird River - Page Block)Ore Fault Drilling Hits 4.5m of 1.32% Ni, 0.14% Cu, and 1.31...
1/28/2008(Marathon) Entering into Option and JV Agreement with Benton Resources...
12/12/2007(Bird River - Page Block)Reviews Progress of 2007 and Plans for 2008
10/24/2007(Marathon)reports final holes of 2007 campaign and hits thickest ever ...
9/11/2007 intersects 44 m of 1.48 g/t PGM and gold and 0.36% copper o...
7/26/2007(Marathon)Drilling intersects 14.6 g/t PGM and gold and 0.18% copper o...
4/18/2007(Marathon)drills 8 m of 3.1 g/t PGM+Au in W Zone
4/4/2007(Marathon)drilling continues to expand W and RD Zones
3/21/2007(Marathon)Drilling Expands High Grade W Zone and Establishes New Poten...
2/17/2007(Marathon)hits high-grade Palladium, Platinum and Rhodium in 2 holes, ...
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12/1/2014Marret Resource Corp. suspends dividend; Provides update
8/20/2014Marret Resource Corp. Announces Monthly Dividend
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5/1/2013(Marathon)Marathon Intersects Multiple High-Grade Intervals while Unde...
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10/6/2011(Marathon)Marathon Intersects Best Interval at the Leprechaun Gold Dep...
10/3/2011(Marathon)Marathon Continues to Expand the Leprechaun Gold Deposit wit...
8/11/2010Receives Initial Metallurgical
5/13/2010Announces 8,000 Meter Drilling
5/4/2010New Geordie Lake Resource: Increased Metals, Grade and
4/27/2010Joseph G. Spiteri Appointed to Marathon PGM
3/17/2010Drilling Confirms Near Surface Gold Mineralization at Leprec...
12/23/2009Enters Option and JV Agreement for Mountain Lake's Valentine...
8/26/2009Marathon Converting Waste to Ore
7/15/2009Improving Resources Classifications at Marathon
12/11/2008Project accepted into MPMO Projects List
9/4/2008Completes 2008 Drilling Program on BCF JV Property, Intersec...
8/27/2008Acquires Remaining Discovery Shares Pursuant to Compulsory A...
8/19/2008Growth Continues, Ore Fault Property Acquisition Completed
2/4/2008Cabo Awarded Marathon PGM Corporation Contract
1/7/2008 Fault Agreement Approved by Bird River Mines Shareholders, ...
11/1/2007Finalizes Option Agreement for Ore Fault and Plans Drill Cam...
10/11/2007and Bird River Mines Inc., Announce an Option Agreement for ...
10/4/2007 completes 40,000 m drilling campaign and expects new minera...
10/3/2007: CEO Interview
10/2/2007signs Memorandum of Understanding with the Ojibways of Pic R...
9/21/2007 Samples 7.09 g/t PGM and gold,
8/29/2007extends mineralized zone to 800 m at the Coppermine Zone, Bi...
8/24/2007acquires PGM-Ni-Cu property in the Steel Mountain Complex, N...
8/16/2007- CEO Interview
8/13/2007hits 6 m of 7.48 g/t PGM and gold and 0.06% copper in W Hori...
7/12/2007discovers additional mineralization outside perimeter of exi...
6/28/2007drilling discovers mineralization outside of resource open p...
6/25/2007drilling hits mineralization at WD zone 3 km south of Malach...
6/11/2007Promising First Results from Bird River Property for Maratho...
5/11/2007Drilling Continues Expansion of W Zone and Southern Resource
4/18/2007acquires Bird River Ni-Cu+PGM Property through option
1/25/2007Measured and Indicated In-Pit Resource Grows 39%
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