{"id":1137296,"date":"2019-09-09T16:54:32","date_gmt":"2019-09-09T21:54:32","guid":{"rendered":"https:\/\/www.mining.com\/?p=1001466"},"modified":"2019-09-09T16:54:32","modified_gmt":"2019-09-09T21:54:32","slug":"generation-mining-expands-resource-at-marathon-deposit","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1137296","title":{"rendered":"Generation Mining expands resource at Marathon deposit"},"content":{"rendered":"<p>Generation Mining&nbsp;of Toronto has completed a new resource estimate showing a 20% increase in contained palladium equivalent \u2013 7.13 million oz. \u2013 for the Marathon copper-palladium deposit 10 km north of the town of Marathon. The estimate was prepared by&nbsp;P&amp;E Mining Consultants&nbsp;using drill hole data from 1985 to 2014 to create a new block model from scratch.<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The Marathon project is now thought to have 179 million measured and indicated tonnes within a pit constrained deposit grading 0.56 g\/t palladium, 0.18 g\/t platinum, 0.20% copper and\u00a01.6 g\/t gold. The inferred portion is 668,000 tonnes grading 0.37 g\/t palladium, 0.12 g\/t platinum, 0.19% copper and 1.4 g\/t gold. (A net smelter royalty cut-off of C$13\/tonne was used)<\/p>\n<p>Generation acquired a 51% interest in the property for C$6 million from&nbsp;Sibanye&nbsp;Stillwater in July 2019, and can increase its interest to 80% by spending C$10 million at the property over four years. Sibanye has certain back-in rights that would return Generation\u2019s interest back to 51% if exercised.<\/p>\n<p><em>(This article first appeared in the <\/em><a rel=\"noreferrer noopener\" aria-label=\"Canadian Mining Journal (opens in a new tab)\" href=\"http:\/\/www.canadianminingjournal.com\/\" ><em>Canadian Mining Journal<\/em><\/a><em>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has completed a new resource estimate showing a 20% increase in contained palladium equivalent.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137296"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1137296"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137296\/revisions"}],"predecessor-version":[{"id":1137297,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1137296\/revisions\/1137297"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1137296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1137296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1137296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}