Marathon drilling hits mineralization at WD zone 3 km south of Malachite zone



    TORONTO, June 25 /CNW Telbec/ - Marathon PGM Corporation (MAR:TSX)
("Marathon" or the "Company") is pleased to announce the initial drilling
results from the WD zone, located 3 km south of the Malachite zone. The best
drilling results include 1.37 g/t PGM and gold and 0.16 % Cu over 10 m in hole
MW-07-01, and 0.93 g/t PGM and gold and 0.22 % Cu over 10 m in hole MW-07-06.
Trenching and drilling results are encouraging and confirm an extension of
mineralization along a 700 m strike length.
    Please click the following URL to see the map:
http://files.newswire.ca/357/MARATHONWDZONE.doc
    Mineralization in the WD zone occurs along two sub-parallel north
trending zones approximately 150 m apart as indicated by two geophysical IP
anomalies. Marathon's initial exploration program tested the anomalies on
surface with 11 trenches and with 8 diamond drill holes to a depth of 100 m
along a 700 m strike length. The western zone is more significant and contains
higher PGM values relative to copper. The best intersection, with 1.37 g/t PGM
and gold and 0.16% Cu over 10 m in hole MW-07-01, is located at the southern
end of the zone. The eastern zone is thinner with intersections on the order
of 3 to 6 m and 0.2-0.4% copper with somewhat lower PGM values of
0.20- 0.35 g/t total PGM and gold.
    The western zone is 400 m long and strikes near north and dips at
approximately 45 degrees west. It is open to the south and at a depth of
greater than 100 m. This zone was successfully identified from IP surveying
through 20-30 metres of glacial till which has hampered exploration in the
past. Marathon has expanded grid coverage south towards the Dunlop zone and
will continue IP surveying to the south, considering the successful results of
the surveys in identifying mineralization through till.
    Exploration at the WD was completed in April during the spring thaw, when
road access to the Main zone was poor. A total of eight holes were drilled,
three of which (MW-07-02, MW-07-03 and MW-07-04) were abandoned due to thick
overburden. The drills have since returned north to complete exploration and
infill drilling in the area between the Main and the Malachite zones. Marathon
is currently awaiting assay results for the recent drilling.

    
    Results from WD drilling
    -------------------------------------------------------------------------
                                                               Total
                                  True                           PGM
                                 thick-                          and
                     From    To   ness     Pd     Pt     Au     gold     Cu
    Hole      Zone     (m)   (m)   (m)   (g/t)  (g/t)  (g/t)    (g/t)    (%)
    -------------------------------------------------------------------------
    MW-07-01  west     88    98    10    1.03   0.22   0.12     1.37   0.16
    -------------------------------------------------------------------------
    MW-07-05  west     55    69    14    0.40   0.18   0.09     0.67   0.13
    -------------------------------------------------------------------------
    MW-07-06  west    117   127    10    0.72   0.13   0.09     0.94   0.22
    -------------------------------------------------------------------------
    MW-07-06  west    145   153     8    0.59   0.16   0.08     0.83   0.22
    -------------------------------------------------------------------------
    MW-07-07  east         no significant values
    -------------------------------------------------------------------------
    MW-07-08  east     51    57     6    0.15   0.05   0.04     0.24   0.28
    -------------------------------------------------------------------------
    MW-07-08  east     79    83     6    0.16   0.04   0.05     0.25   0.34
    -------------------------------------------------------------------------

    Channel sampling from trenches
    -------------------------------------------------------------------------
               Zone   Length    Pd      Pt      Au       Total PGM       Cu
                          (m) (g/t)   (g/t)   (g/t)    and gold (g/t)    (%)
    -------------------------------------------------------------------------
    Channel 2  east     2.99  0.20    0.05    0.09              0.34   0.40
    -------------------------------------------------------------------------
    Channel 3  east     7.85  0.15    0.06    0.04              0.25   0.19
    -------------------------------------------------------------------------
    Channel 4  east     9.03  0.15    0.05    0.04              0.24   0.18
    -------------------------------------------------------------------------
    Channel 8  west     4.49  0.32    0.12    0.04              0.48   0.07
    -------------------------------------------------------------------------
    Channel 9  west     5.35  0.47    0.10    0.08              0.65   0.09
    -------------------------------------------------------------------------
    Channel 10 west    15.95  0.50    0.12    0.08              0.70   0.15
    -------------------------------------------------------------------------
    

    David Good, VP of Exploration, noted "I am excited with these initial
results. Since there has been little work done in the vicinity of the WD, our
recent work shows there is demonstrated exploration potential and also good
potential to add to the resource in this area."
    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 Phillip C. 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
press release.

    About Marathon PGM Corporation

    The Company has a 100-per-cent interest in the Marathon PGM -- Cu
project, located about 10 kilometers north of Marathon, Ont. The project is
currently undergoing a definitive feasibility study and a 35,000 m drill
campaign. As announced previously, the company has completed a revised
preliminary economic assessment in compliance with the provisions of National
Instrument 43-101, showing a measured resource of 39.2 million tonnes
containing 1.6 million ounces of PGM and gold and 285 million pounds of
copper, and an indicated resource of 28.9 million tonnes containing
1.1 million ounces of PGM and gold and 178 million pounds of copper. An
additional low-grade resource was also identified in the report completed by
P&E Mining Consultants Inc. and filed on SEDAR on April 5, 2007.
    In April 2007, Marathon entered into an option agreement with Gossan
Resources on the Bird River Sill Ni+Cu and PGM property, located in
Southeastern Manitoba. Marathon is conducting exploration activities through
2007 at the Bird River Sill and will be drilling at the Page Zone in late
autumn.

    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, 2006. 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.

    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    On Behalf of Marathon PGM:
    "Phillip C. Walford"
    Phillip C. Walford, P.Geo.
    President, Chief Executive Officer
    gen@marathonpgm.com
    Tel: +1.416.987.0711




For further information:

For further information: David Leng, P.Geo: dleng@marathonpgm.com  Tel: 
+1.905.537.5377  Fax: +1.416.861.1925  www.marathonpgm.com  For media
inquiries, please contact:  Vanessa Napoli, vnapoli@renmarkfinancial.com Tel:
+1.514.939.3989

Organization Profile

MARATHON PGM CORPORATION

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890