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Marathon PGM Corporation

Publié le 21 mars 2007

Drilling Expands High Grade W Zone and Establishes New Potential of SG Zone

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Mots clés associés :   Canada | Copper |

Marathon Drilling Expands High Grade W Zone and Establishes New Potential of SG Zone

March 21, 2007 - Toronto, Ontario: Marathon PGM Corp. (TSX: MAR) is pleased to announce the results of ten drill holes in the W zone and in the SG Zone. The holes drilled to intersect the W Zone were for the most part infill holes. The SG Zone, which is located 1 km south of the Malachite Zone, was tested with 5 drill holes and 4 of those holes intersected good values.

Dave Good, VP Exploration, said that "based on our preliminary studies of solid modeling and inter-element ratios it is likely that previously defined individual mineralized zones are actually shoots within mineralized envelopes." With this interpretation, mineralization in the upper horizon of the BR zone, the W zone and possibly the hanging wall zone of the Southern Resources area are enclosed within a single envelope. In general, this mineralized envelope contains higher concentrations of PGM with respect to copper in comparison to the Main zone. Previous intersections in the 4 holes drilled by Anaconda Canada Ltd between the BR and Southern Resources zones are significant and indicate continuity along strike. The highest grade intersection was in An-116 which had 1.5 m grading 12 g/t pgm and 0.27 % copper. Approximately 125m to the south along strike, drill hole An-117 intersected 2 m with 9.78 g/t PGM and 0.05% Cu. Overall, the envelope has grades below! 3 gpt PGM, however there are lenses or shoots within the overall zone that are above 3 gpt. The high grade material previously announced in the last press release as well as the intercept in M-07-249 of 10 m grading 4.59 g/t PGM and Au and 0.05 % copper are from one of the shoots. The shoot now has 22 drill holes intersecting high grade mineralization that has been traced 200m down plunge and up to 170 m down dip.

The other high grade intersection in M-07-242 of 4 m grading 7.45 g/t PGM and gold and 0.01% copper is from another high grade shoot first encountered in hole M-05-33 intersecting 10 m grading 8.32 g/t PGM and gold and 0.21 % copper including 2 m grading 25.11 g/t PGM and gold and 0.40 % copper. All the high grade shoots are still open to the north.  There is an area approximately 1 km long by 700 m wide between the Malachite and the north end of the South Resource that has the potential for additional high grade shoots. Drilling is expected to contin! ue in this area until the drills have to be removed for break- up and will resume when conditions permit.

THIS PRESS RELEASE CONTAINS TABLES AND MAPS; CLICK HERE TO VIEW FULL PDF VERSION

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, 2005.  Circumstances or management's estimates or opinions could change, and management disclaims any obligation to r! evise 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.

ON BEHALF OF MARATHON PGM CORP., 
"PHILLIP C. WALFORD"   
PHILLIP C. WALFORD   
PRESIDENT AND CEO   
GEN@MARATHONPGM.COM  
416-987-0711    

FOR MORE INFORMATION, PLEASE CONTACT:

RENMARK FINANCIAL COMMUNICATIONS INC.
JASON ROY: JROY@RENMARKFINANCIAL.COM
BARB KOMOROWSKI:  BKOMOROWSKI@RENMARKFINANCIAL.COM
MEDIA - VANESSA NAPOLI: VNAPOLI@RENMARKFINANCIAL.COM  
TEL: (514) 939-3989 
FAX: (514) 939-3717
WWW.RENMARKFINANCIAL.COM

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

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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Financements de Marathon PGM Corporation
18/12/2009 Closes First Tranche of Non-Brokered Private Placement Flow...
Nominations de Marathon PGM Corporation
08/08/2007 appoints Raymond Mason as VP of Operations
Rapports Financiers de Marathon PGM Corporation
15/08/2008Announces 2008 Q2 Financial Results
14/11/2007 Announces 2007 Q3 Financial Results
02/08/2007 Announces 2007 Q2 Financial Results
15/05/2007Announces 2007 Q1 Financial Results
Projets de Marathon PGM Corporation
12/09/2013(Marathon)Marathon Trenching Adds 300m Strike-length to Mineralized Zo...
27/07/2010Cu Project Advances: Permitting, Financing and Metallurgy
21/07/2010(Marathon)Hits 33.54 g/t (uncut) Gold Across 4 m (0.98 oz/ton uncut ac...
22/03/2010(Geordie Lake)Excellent Geordie Lake Drill Results
24/11/2009(Marathon) Receives Optimized Definitive Feasibility Study - Significa...
07/10/2009(Geordie Lake)Development Plans for Geordie Lake Deposit
29/09/2009(Marathon) Wraps Up 2009 Campaign with 4.31 g/t PGM+Au and 0.19% Cu ov...
16/09/2009(Marathon)Drilling Program Hits High Grade Outside Pit Shell
10/09/2009(Marathon)Announces Analyst Day at Marathon PGM-Cu Project
08/09/2009(Marathon)Marathon's Drilling Pushing New Boundaries
06/07/2009(Marathon)Project DFS Being Optimized
10/06/2009(Marathon)Completes Purchase of Bamoos Land Package
12/06/2009(Bird River - Page Block)Marathon Intersects Sulphide Lenses at Coppermine Zone
01/06/2009(Marathon)Better Metallurgy and Economics
11/03/2009(Bird River - Page Block) Reports Positive Drill Results at Bird River
27/02/2009(Bird River - Page Block)Bird River Resource Expansion Continues
03/02/2009(Bird River - Page Block)Marathon Files Technical Report on Feasibility Study and Res...
15/01/2009(Bird River - Page Block) Develops Two Resources on Bird River Project
19/12/2008(Marathon)Project Receives Positive Feasibility Study
06/11/2008(Marathon)Project Receives Support from Pic River First Nation
12/08/2008Definitive Feasibility Study Update
29/07/2008(Marathon)Hits Thickest Ever Intersection of PGM-Cu Mineralization, 18...
16/07/2008(Bird River - Page Block)Ore Fault Drilling Hits 4.5m of 1.32% Ni, 0.14% Cu, and 1.31...
28/01/2008(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
24/10/2007(Marathon)reports final holes of 2007 campaign and hits thickest ever ...
11/09/2007 intersects 44 m of 1.48 g/t PGM and gold and 0.36% copper o...
26/07/2007(Marathon)Drilling intersects 14.6 g/t PGM and gold and 0.18% copper o...
18/04/2007(Marathon)drills 8 m of 3.1 g/t PGM+Au in W Zone
04/04/2007(Marathon)drilling continues to expand W and RD Zones
21/03/2007(Marathon)Drilling Expands High Grade W Zone and Establishes New Poten...
17/02/2007(Marathon)hits high-grade Palladium, Platinum and Rhodium in 2 holes, ...
Communiqués de Presse de Marathon PGM Corporation
28/07/2015Marret Resource Corp. Releases Q2 2015 Financial Statements
17/07/2015Marret Asset Management Inc. - Issuance of Early Warning Rep...
07/07/2015Marret Resource Corp. Announces Record Date and Distribution
29/06/2015Marret Resource Corp. Announces Results of Annual and Specia...
12/05/2015IIROC Trade Resumption - MAR
12/05/2015Marret Resource Corp. announces shareholder proposal
12/05/2015IIROC Trading Halt - MAR
06/05/2015Marret Resource Corp. Releases Q1 2015 Financial Statements
20/04/2015Marret Resource Corp. provides update
31/03/2015Marret Resource Corp. Releases 2014 Year End Financial State...
01/12/2014IIROC Trade Resumption - MAR
01/12/2014Marret Resource Corp. suspends dividend; Provides update
20/08/2014Marret Resource Corp. Announces Monthly Dividend
20/08/2014Marret Resource Corp. Announces Monthly Dividend
11/12/2013Completes Financing with Rambler and Announces Exploration P...
01/05/2013(Marathon)Marathon Intersects Multiple High-Grade Intervals while Unde...
16/01/2013Marret Resource Corp. announces participation in Cline Minin...
16/01/2013Marret Resource Corp. announces participation in Cline Minin...
06/10/2011(Marathon)Marathon Intersects Best Interval at the Leprechaun Gold Dep...
03/10/2011(Marathon)Marathon Continues to Expand the Leprechaun Gold Deposit wit...
11/08/2010Receives Initial Metallurgical
13/05/2010Announces 8,000 Meter Drilling
04/05/2010New Geordie Lake Resource: Increased Metals, Grade and
27/04/2010Joseph G. Spiteri Appointed to Marathon PGM
17/03/2010Drilling Confirms Near Surface Gold Mineralization at Leprec...
23/12/2009Enters Option and JV Agreement for Mountain Lake's Valentine...
26/08/2009Marathon Converting Waste to Ore
15/07/2009Improving Resources Classifications at Marathon
11/12/2008Project accepted into MPMO Projects List
04/09/2008Completes 2008 Drilling Program on BCF JV Property, Intersec...
27/08/2008Acquires Remaining Discovery Shares Pursuant to Compulsory A...
19/08/2008Growth Continues, Ore Fault Property Acquisition Completed
04/02/2008Cabo Awarded Marathon PGM Corporation Contract
07/01/2008 Fault Agreement Approved by Bird River Mines Shareholders, ...
01/11/2007Finalizes Option Agreement for Ore Fault and Plans Drill Cam...
11/10/2007and Bird River Mines Inc., Announce an Option Agreement for ...
04/10/2007 completes 40,000 m drilling campaign and expects new minera...
03/10/2007: CEO Interview
02/10/2007signs Memorandum of Understanding with the Ojibways of Pic R...
21/09/2007 Samples 7.09 g/t PGM and gold,
29/08/2007extends mineralized zone to 800 m at the Coppermine Zone, Bi...
24/08/2007acquires PGM-Ni-Cu property in the Steel Mountain Complex, N...
16/08/2007- CEO Interview
13/08/2007hits 6 m of 7.48 g/t PGM and gold and 0.06% copper in W Hori...
12/07/2007discovers additional mineralization outside perimeter of exi...
28/06/2007drilling discovers mineralization outside of resource open p...
25/06/2007drilling hits mineralization at WD zone 3 km south of Malach...
11/06/2007Promising First Results from Bird River Property for Maratho...
11/05/2007Drilling Continues Expansion of W Zone and Southern Resource
18/04/2007acquires Bird River Ni-Cu+PGM Property through option
25/01/2007Measured and Indicated In-Pit Resource Grows 39%
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