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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: hank2010 who wrote (33067)2/16/2007 5:34:48 PM
From: koan  Respond to of 78413
 
Thanks Hank. I will just buy more FNI as I get a 20 to 1 ratio too FNX-lol.



To: hank2010 who wrote (33067)2/17/2007 9:08:29 AM
From: Condor  Respond to of 78413
 
Marathon PGM drills 108.3 g/t PGM-plus-gold at Marathon

2007-02-16 18:38 ET - News Release

Mr. Phillip Walford reports

MARATHON HITS HIGH-GRADE PALLADIUM, PLATINUM AND RHODIUM IN 2 HOLES, 1.9 METRES OF 108 G/T PD, PT, RH AND AU AND 1.75 METRES OF 59 G/T PD, PT, RH AND AU

Marathon PGM Corp. has released the first four drill hole results from the 2007 drilling program on the Marathon platinum group mineral-copper (PGM-Cu) project. The drill holes M-07-237 to M-07-240 were exploration holes drilled in the high-grade lens of the Malachite zone.

Inter- Est. true Total
From To section thickness Pd Pt Rh Au PGM+Au Cu Ag Ni
Hole (m) (m) (m) (m) (g/t) (g/t) (g/t) (g/t) (g/t) (%) (g/t) (ppm)

M-07-237 184 202 18 15.75 3.94 3.37 0.13 0.02 7.46 0.01 2.56 113
Includes 194 202 8 7 0.95 0.55 0.03 0.01 1.54 0.01 2.25 123
184 186 2 1.75 30.7 27.7 0.97 0.09 59.4 0.01 3.00 120
M-07-238 227 231 4 2.8 1.16 0.48 0.04 0.02 1.69 0.02 1.00 102
263 269 6 4.2 0.72 0.51 0.02 0.02 1.27 0.01 1.00 90
M-07-239 162 176 14 13.4 10.2 5.9 0.17 0.12 16.3 0.02 0.93 65
Includes 164 166 2 1.9 67.4 39.1 1.04 0.76 108.3 0.02 0.50 60
M-07-240 112 118 6 5.3 1.22 0.46 0.01 0.28 1.96 0.13 2.00 116

The combined PGM-plus-gold (Au) values of 59.4 grams per tonne (g/t) and 108.3 g/t in holes M-07-237 and M-07-239, respectively, are the highest ever recorded in the Coldwell complex. The intersections are a result of exploration to extend the northern limits of the high-grade W zone. The extremely high values also confirm the trend of increasing grades from south to north as recognized in last years drilling. The W zone strikes approximately north to south and dips 35 degrees to the west from surface to a depth of 250 metres. Exploration of the W zone is continuing to the north and west through a combination of diamond drilling and a deep IP geophysical survey. A second drill is helping to define the southern extent of the RD zone and also to explore the SG zone, which was identified in the 2006 trenching program.

"The high-grade W zone contains exceptionally high palladium, platinum and rhodium values relative to copper. A geochemical model that explains these ratios has helped us to devise an exploration strategy to continue to expand the zone. The location of these intersections along strike was expected, and although we have noted an increase in the palladium and platinum values as we move north, the extremely high values were a surprise," said David Good, vice-president exploration.

Phillip Walford, president and chief executive officer of the company, added, "These unprecedented results prove the continuity of the W zone to depth and add another dimension to the current feasibility study."

As a part of Marathon's quality control (QC) program, the high-grade samples were analyzed multiple times in order to confirm the high grades. 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 Mr. 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 news release.

About the Marathon PGM-Cu project

The company has a 100-per-cent interest in the Marathon PGM-Cu project, located about 10 kilometres north of Marathon, Ont. A major drilling program is under way to expand the resource on the property.

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