Osisko Mining Inc. announces that, through a series of trades ending on January 17, 2020, it disposed of an aggregate of 2,114,000 common shares of Generation Mining Ltd. through the facilities of the Canadian Securities Exchange for aggregate cash consideration of $1,058,166.60 . The Disposition, triggered the requirement to file this report under National Instrument 62-104 – Take-Over Bids and Issuer Bids and [...]
Generation Mining Ltd. is pleased to announce that it has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities. “We are pleased to announce that we have selected Renmark to reinforce Generation Mining Ltd..'s profile in the financial community and enhance the visibility of our company. We choose Renmark because its standards and methodologies fit best with the [...]
Generation Mining Ltd. is pleased to announce results of a positive independent Preliminary Economic Assessment study prepared in accordance with National Instrument 43-101 on the Marathon Palladium and Copper Project located in Northern Ontario. Generation acquired a 51% interest in the Project from Sibanye Stillwater in July, 2019, and has an option to earn up to an 80% interest by spending $10 million within four years [...]
Generation Mining Ltd. is pleased to announce results from 6 drill holes totaling 2,278 metres at the Sally Deposit, located at the Marathon Project in northern Ontario. Five holes focused on the western strike extension of the Sally mineralized zone and one hole specifically targeted the potential for massive sulphide mineralization down dip from the main zone keel within the Sally Deposit. The best result from the 2019 [...]
Generation Mining Ltd. is pleased to announce exploration drilling immediately west of the Marathon Deposit has successfully intersected the down dip extension of the Main Zone and high grade W-Horizon feeder conduits. The highest grade intersection from the 4 hole yielded 2 metres grading 8.03 grams per tonne palladium equivalent in hole M-19-238, within a 10-metre section grading 2.80 g/t PdEq. Hole M-19-537 intersected [...]
Generation Mining Ltd. is pleased to announce an increase in the Mineral Resource Estimate for its Marathon Palladium property in Northwestern Ontario. The new estimate reflects a comprehensive review of the past drilling completed by the previous operators on the Geordie and Sally deposits which are both located on the Company’s Marathon Property and within 16 km of the Marathon Deposit, which contains an estimated [...]
Generation Mining Ltd. regrets to announce that Halina McGregor, Chief Financial Officer of the Company, passed away on Thursday November 14, 2019 in Toronto, Ontario. Jamie Levy, President and Chief Executive Officer states: "The entire Generation Mining family mourns her loss. On behalf of our Board of Directors, management team and employees, we extend our deepest sympathies to Halina's family. Halina brought [...]
Generation Mining Ltd. announces the filing of an independent Technical Report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects on its 51% owned Marathon Palladium Deposit. The Technical Report, titled "Technical Report and Updated Mineral Resource Estimate of The Marathon Deposit, Thunder Bay Mining District, Northwestern Ontario, Canada dated October 24,2019 has been prepared [...]
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 is the largest undeveloped Platinum Group Metal resource in North America [...]
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 holes have been completed amounting to 7700 metres. Initial drilling focused on [...]
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 of the pit constrained Mineral Resource Estimate are as follows: Contains [...]
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. The Flow-Through Shares issued pursuant to the second tranche are subject [...]