Marathon PGM Corporation has released the latest results from drilling of the W horizon at the Marathon Project, near Marathon, Ontario.
"These holes confirm the W horizon is still open to the west, where the potential for finding additional high grade shoots is favorable," said VP of Exploration David Good.
Drilling is continuously providing more details into the extent of the W mineralization. Holes M-08-447, -449 and 425 intersected the W horizon 60, 70 and 125 m downdip and below the current pitshell, respectively. This drilling is focused in an area that previously had little drilling. Filling in drilling gaps has the potential to convert waste to resource and ultimately reduce the strip ratio.
Hole M-08-445 intersected wide intervals of Main Zone mineralization and intersected 0.58 g/t PGM and Au and 0.28% Cu over 50m below the current pitshell. These intersections within and outside the pit are the most westerly on section and have the potential to increase the resource within the pitshellas well as expand the current pitshell.
Drilling to date has confirmed a general observation that the W horizonis persistent over large distances of strike length and where it thickens, the grades increase.
Drilling with two rigs has resumed on the Benton JV property in order to expand resources. Drilling on the main Marathon property for the feasibility study is now complete. Two condemnation holes have to be drilled in July in coordination with the feasibility study. Assays are currently pending for the remaining eleven holes of the 2008 drilling campaign.
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