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To: LoneClone who wrote (18044)	4/18/2008 9:21:13 PM
From: LoneClone	Read Replies (1) \| Respond to of 192929

Marathon Cuts Wide Sulphide Zone at Ore Fault North Zone: 24.5m grading 0.31% Ni, 0.14% Cu, and 0.43g/t PGM and gold Fri Apr 18, 12:00 PM ca.news.finance.yahoo.com TORONTO, April 18 /CNW/ - Phillip Walford, President and CEO of Marathon PGM Corporation ("Marathon") (TSX: MAR.TO) is pleased to report the final assays from Phase One drilling at the Ore Fault North Zone ("OFNZ") of the Ore Fault Property. The rig is currently drilling at the OFNZ to complete an additional 1,500 m of infill drilling. A total of 2,600 m of drilling was completed in the Galaxy and Page Zones. The purpose of the Bird River Project drilling is to test continuity of PGM and base metal mineralization as part of on-going resource development. These holes complete the preliminary investigation of the Ore Fault North Zone. With this data and recent geophysics Marathon can now focus on drilling the areas with high potential. "We are drilling aggressively to delineate a resource at the Bird River Project," stated Phillip Walford, President and CEO. "The density of drilling completed to date will allow us to rapidly build a resource estimate for the Page and Ore Fault North Zones." Highlights: - 24.5m intersection of upper Ni-Cu-PGM mineralization grading 0.31% Ni, 0.14% Cu, and 0.43g/t PGM and Au in a disseminated sulphide lens within hole MF0805 - additional intersections of two distinct mineralized zones identified at the OFNZ - an upper zone of Ni-Cu-PGM mineralization and a lower zone of Zn-Cu-Ag mineralization - Zn-Cu-Ag mineralization is traceable for 300 m along strike by drilling and 500 m along strike by new ground IP geophysical survey and is still open beyond the limits of the IP survey Current Exploration Mineralization at the OFNZ is hosted within a series of stacked sulphide lenses that are typically 50m by 100m, over a known strike length of 300m. Mineralization is open down dip as well as to the north and south. Drilling is expected to define multiple sulphide lenses that exhibit "pinch and swell" features. Geophysical surveys have played a key role in tracing lithologic units and associated mineralization. Magnetics clearly outline the northwest trending ultramafic unit, while a ground 3D IP array survey shows a diverging northeast trend that corresponds to Zn-Cu-Ag mineralization. A number of geophysical targets along strike from known mineralization have not been adequately explored. Current Drilling ---------------- To date, Marathon has completed 9 holes (1,901 m) at the OFNZ, 4 holes (590 m) at the Galaxy Zone, and most recently 13 holes (2,046 m) at the Page Zone, located 1-km northeast from the OFNZ. Marathon is currently drilling a final 1,500m at the OFNZ of infill holes in order to improve drill density and to build the resource. Marathon is waiting for results on 17 of these drill holes. Hole MF0808 is located 50 m south of historic drill hole 24, which contains multiple lenses of good grades and thicknesses for Ni-Cu and Zn-Cu-Ag sulphide mineralization (see MAR press release of 21-Feb-08). Of importance, MF0808 confirms continuity of mineralization from adjacent sections. Hole 24 is the most northerly hole drilled in the lower Zn-Cu-Ag zone, which leaves the thicker lens open to the north and down dip. Hole MF0806 is located above hole MF0807 and confirmed the up-dip continuity of both the upper Ni-Cu-PGM and basal Zn-Cu-Ag mineralized zones. Multiple previous drill holes were not drilled far enough to the east to test the Zn-Cu-Ag mineralization in contact with the basal granite. Marathon's imminent drilling will test many of these eastern mineralized extensions. Assay Results from Marathon's Drilling ------------------------------------------------------------------------- Total PGM True and From To Width Au Pt Pd Au Cu Ni Zn Ag ------------------------------------------------------------------------- Hole (m) (m) (m) (g/t) (g/t)(g/t) (g/t) (%) (%) (%) (g/t) ------------------------------------------------------------------------- MF0802 29.8 36.35 6.55 0.01 0.07 0.27 0.35 0.18 0.25 0.25 7.3 ------------------------------------------------------------------------- MF0802 46.3 47.05 0.75 0.03 0.01 0.02 0.06 0.34 0.01 2.52 30.5 ------------------------------------------------------------------------- MF0805 110.7 135.2 24.5 0.01 0.09 0.33 0.43 0.14 0.31 0.02 2.7 ------------------------------------------------------------------------- MF0805 169.8 170.3 0.5 0.01 0.01 0.01 0.03 0.19 0.01 1.64 6.6 ------------------------------------------------------------------------- MF0806 49.5 50.8 1.3 0.07 0.09 0.65 0.81 0.42 0.46 0.37 10.6 ------------------------------------------------------------------------- MF0806 55 56 1 0.01 0.11 0.19 0.31 0.53 0.38 0.14 20.2 ------------------------------------------------------------------------- MF0806 67 70.5 3.5 0.05 0.11 0.44 0.6 0.17 0.52 0.04 4.3 ------------------------------------------------------------------------- MF0806 99 103 4 0.02 0.06 0.23 0.31 0.13 0.22 0.02 2.9 ------------------------------------------------------------------------- MF0808 77.1 81.5 4.4 0.02 0.07 0.28 0.37 0.14 0.31 0.04 2.4 ------------------------------------------------------------------------- MF0808 98.25 101.25 3 0.02 0.1 0.41 0.53 0.27 0.52 0.03 7.8 ------------------------------------------------------------------------- MF0808 147.5 158.5 11 0.02 0.09 0.49 0.6 0.20 0.44 0.01 5.6 ------------------------------------------------------------------------- MF0808 194 195 1 0.39 0.01 0.02 0.42 0.33 0.04 1.28 22.1 ------------------------------------------------------------------------- MF0809 85.8 86.8 1 0.16 0.04 0.15 0.35 0.27 0.19 0.03 6.4 ------------------------------------------------------------------------- Marathon has an option to earn 100% of the 446 hectare Ore Fault Property from Bird River Mines Inc (see MAR release of 07-Jan-08). The Ore Fault Property is part of a larger area called the Bird River Project that consists of 7,301 ha that Marathon has an option to earn up to 70% of this project from Gossan Resources (see MAR release of 17-Apr-07). (Please click on marathonpgm.com to see a generalized geological cross section of 4650N of the OFNZ. Please click on marathonpgm.com to open a plan view of OFNZ. Samples consist of NQ-size drill core that are split by diamond saw on site, prepared at ALS Chemex Vancouver, and assayed by fire assay with an ICP-OES finish (for Pt, Pd and Au) and aqua regia or four acid dissolution and ICP-OES finish for base metals. Marathon's quality assurance-quality control (QA-QC) program consists of insertion of standards of known PGM content and duplicates every 30 samples. After sampling, the remaining half core is retained on site for future verification and reference purposes. David Good, P.Geo; Ph.D; Marathon's VP of Exploration is Marathon's Qualified Person in compliance with National Instrument 43-101 with respect to this release. Dr. Good has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. About Marathon PGM Corporation: Marathon is in the process of completing a definitive feasibility study on the Marathon PGM-Cu deposit. Marathon also has development and exploration stage properties in southeastern Manitoba and western Newfoundland and Labrador. Marathon's management plans to build on this focus through the advancement of its properties, focusing on resource development and by examining other strategic PGM and base metal opportunities within Canada. 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, 2007. Circumstances or management's estimates or opinions could change, and management disclaims any obligation 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. On Behalf of Marathon PGM: "Phillip C. Walford" Phillip C. Walford, P.Geo. President, Chief Executive Officer Tel: +1.416.987.0711 gen@marathonpgm.com Contacts David Leng P.Geo: Tel: (416) 849-3432 Fax: (416) 861-1925 dleng@marathonpgm.com