Generation Mining Ltd. is pleased to announce that it has engaged P&E Mining Consultants to undertake a Preliminary Economic Assessment of the Marathon Deposit on its 51%-owned Marathon Palladium-Copper Project near Marathon in Northern Ontario. The PEA is scheduled to begin immediately and expected to be completed by year-end. The Marathon Deposit [...]
Generation Mining Ltd. is pleased to provide an update on its 12,000-metre exploration program which is testing multiple targets along more than 20 km of prospective strike length at its 51% owned Marathon deposit located 10 km from the Town of Marathon, Ontario. The exploration program began in August using two diamond drills. To date over 21 [...]
Generation Mining Ltd. is pleased to report that a new independent Mineral Resource Estimate of the Marathon Deposit of the 51%-owned Marathon palladium-copper project in Northern Ontario estimates a 20% increase in contained Palladium-Equivalent ounces compared with the most recently published Mineral Resource on the Property from 2010. Highlights [...]
Generation Mining Ltd. is pleased to announce that, further to its news release dated August 29, 2019, it has closed the second and final tranche of its previously announced non-brokered private placement financing through the issuance of 417,460 flow-through common shares at a price of $0.315 per Flow-Through Share for gross proceeds of $131,500 [...]
Generation Mining Ltd. is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement financing of flow-through common shares . The Company issued 5,750,000 Flow-Through Shares at a price of $0.315 per Flow-Through Share for aggregate gross proceeds of $1,811,250. In connection with the [...]
Generation Mining Ltd. is pleased to announce that it intends to complete a non-brokered private placement financing of up to 6,400,000 common shares that are "flow-through shares" within the meaning of the Income Tax Act at a price of $0.315 per Flow-Through Share for aggregate gross proceeds of up to $2,016,000. Jamie Levy, President and Chief [...]
Generation Mining Ltd. is pleased to announce that it has staked 215 new claim blocks totaling 4558 hectares. This will increase the companies land position to include 45 leases and 1071 claims which total 21,965 hectares or 219.65 square kilometers. The newly staked ground was acquired based on the unique magnetic signature of the Eastern Gabbro [...]
Generation Mining Ltd. is pleased to announce that it has signed a contract with Chibougamou Drilling for a 12,000-metre drilling program on its Marathon palladium project in northern Ontario. Two drills and crews have been mobilized to site and drilling commenced August 14th, 2019. The program is designed to test several high-priority sites on the [...]
Generation Mining Ltd. is pleased to announce the following additions to its team: John McBride, MSc., P.Geo., has joined Gen Mining as the Company’s Senior Exploration Geologist and has been working on Gen Mining’s PGM-copper project near Marathon, Ontario, periodically since 2007 when he graduated from Lakehead University with a HBSc [...]
Generation Mining Ltd. is pleased to announce that it has commenced a passive seismic survey on the Sally area of the Company’s Marathon Platinum Group Metals property in Northwestern Ontario. The Sally area is situated 20 km from the Town of Marathon and 15 km northwest along strike from the main Marathon PGM-Cu Deposit along the highly [...]
Generation Mining Ltd. is pleased to announce that at its annual shareholder meeting on July 11, 2019 shareholders voted over 99% in favour of all resolutions presented to the meeting, which included the election of the directors, the appointment of the Company's auditors, and the approval of the Company's stock option plan. At the Meeting [...]
Further to its press releases dated April 17, 2019, June 14, 2019 and June 25, 2019, Generation Mining Ltd. has, through a wholly-owned subsidiary, completed the acquisition of a 51% initial interest in the Marathon palladium project located near Marathon, Ontario, from Stillwater Canada Inc. , a wholly owned subsidiary of Sibanye Gold Limited [...]
