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Marathon PGM Corporation

Publié le 04 avril 2007

drilling continues to expand W and RD Zones

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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

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

Marathon PGM Corporation

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CODE : MAR.TO
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Marathon PGM est une société d’exploration minière de nickel et de zinc basée au Canada.

Marathon PGM détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont BIRD RIVER - PAGE BLOCK, MARATHON, BIRD RIVER - NI ZONE, BIRD RIVER - ZN & CU ZONE et GEORDIE LAKE au Canada.

Marathon PGM est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 9,2 millions CA$ (7,1 millions US$, 6,2 millions €).

La valeur de son action a atteint son plus bas niveau récent le 14 août 1998 à 0,02 CA$, et son plus haut niveau récent le 03 juin 2011 à 7,50 CA$.

Marathon PGM possède 17 700 000 actions en circulation.

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