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Generation Mining’s Marathon palladium-copper project in northwestern Ontario has expanded mineralization by 150 metres from the closest previous hole, revealing higher copper grades.
Marathon, one of the few undeveloped palladium projects in North America, could help meet rising demand for copper and palladium, both essential in the manufacturing of hybrid and electric vehicles. Other results from the 2024 Biiwobik drilling program include hole MB-24-054, which showcased diverse mineralization styles. This hole returned 34 metres of oxide cumulates with up to 0.13% copper, 1.37 grams palladium, 0.23 gram platinum, and 0.1 gram gold, along with an 11-metre interval of massive sulphides with higher values of 0.39% copper and 0.5 gram palladium.
Located 300 km east of Thunder Bay and just north of Lake Superior, the Marathon project involves building, operating, decommissioning and remediation of three open pits to produce copper concentrates. In March last year, it finalized an offtake agreement with Glencore , which will buy 50% of the concentrates produced at Marathon.
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