Generation Mining’s CEO Jamie Levy welcomed the results as “a great start.” “These significant intercepts mark a substantial step-out of 150 metres from previous drilling and indicates that the overall copper grade appears to increase in this direction,” he said in a Tuesday release.
Marathon, one of the few undeveloped palladium projects in North America, could help meet rising demand for copper and palladium, both essential in the manufacturing of hybrid and electric vehicles.
Among the highlight drill results was hole MB-24-058, which cut 8 metres grading 0.85% copper, 2.48 grams palladium per tonne, 0.57 grams platinum, 0.22 grams gold for a copper-equivalent grade of 3.06%. The intersection is within a broader 30-metre interval grading 0.41% copper, 1.02 grams palladium, 0.24 grams platinum and 0.1 gram gold for 1.33% copper equivalent.
Hole MB-24-059 cut 5 metres at 0.56% copper, 1.12 grams palladium, 0.21 grams…
