Generation Mining Files Preliminary Economic Assessment for Marathon Palladium Project, Canada
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Generation Mining Limited has filed on SEDAR its independent preliminary economic assessment study (PEA) on the Marathon Palladium and Copper Project located in Northern Ontario.
Gen Mining acquired a 51 percent interest in the project from Sibayne Stillwater in July, 2019, and has an option to earn up to an 80 percent interest by spending $10 million within four years. The PEA provides a compelling base case assessment for the development of the Marathon Palladium Mineral Resource by open pit mining.
About the Marathon Palladium Project
The Marathon Deposit is the largest undeveloped platinum group metal Mineral Resource in North America. The Marathon Property covers a land package of approximately 22,000 hectares or 220 square kilometres. Gen Mining acquired a 51 percent interest in the Marathon Property from Sibanye Stillwater on July 10, 2019 and can increase its interest to 80 percent by spending $10 million over a period of four years. As of the January 6th, 2020, the effective date of Gen Mining’s preliminary economic assessment, approximately $4 million of the $10 million has already been spent.
About Generation Mining
Generation Mining is a mineral development company focusing on the Marathon Palladium Project in Northern Ontario. Marathon is the largest undeveloped Palladium deposit in North America.
To stop by Generation Mining’s website, CLICK HERE
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