- Generation Mining (GENM) is resuming its summer drill program after a mandated pause
- The company had halted operations at its Marathon palladium-copper project after an Emergency Area Order from the Government of Ontario
- The order has now been lifted and drilling is expected to resume shortly
- At the time of suspension, the 8,000-metre drilling program was more than half finished
- Generation Mining is down 2.3 per cent, trading at $0.85 at 10:30 am ET
Generation Mining (GENM) is resuming its summer drill program after a mandated pause.
The Toronto-based mining company had halted operations at its Marathon palladium-copper project after an Emergency Area Order from the Government of Ontario.
That order has now been lifted and drilling is expected to resume shortly.
The project is located in Northwestern Ontario.
At the time of suspension, the 8,000-metre drilling program was more than half finished.
Seven holes were drilled on the Central Feeder Zone west of the Marathon Deposit, where most of the exploration drilling has taken place during the past 18 months. The core from those holes has now all been sent for assay and the company is anticipating results in the coming weeks.
Three holes were also drilled into the Chonolith Zone located north of the Marathon Deposit. Core from these holes returned several mineralized sections after they were assayed.
Nine additional holes are planned for this zone when drilling resumes.
The Marathon property covers a land package of approximately 22,000 hectares. Gen Mining currently owns an 82.6-per-cent interest in the Marathon Project, with the remaining interest owned by Sibanye-Stillwater.
Generation Mining is down 2.3 per cent, trading at $0.85 at 10:30 am ET.
