Generation Mining Director to be Presented Prestigious Bill Dennis Award
December 03 2020 - 10:16AM
Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining”
or the “Company”) is pleased to announce that a member of its Board
of Directors, Phillip Walford, P.Geo, will be the co-recipient of
the prestigious 2021 Bill Dennis Award presented by the Prospectors
and Developers Association of Canada.
This award, named for a former president of the association,
honours individuals who have accomplished one or both of the
following: made a significant mineral discovery; made an important
contribution to the prospecting and/or exploration industry.
The honour is to be awarded to Phillip Walford and his colleague
Sherry Dunsworth for their work on the discovery and delineation of
the Valentine gold deposit in Newfoundland. Valentine, owned by
Marathon Gold Corporation, is the largest undeveloped gold deposit
in Atlantic Canada with a resource of more than three million
ounces of gold.
Mr. Walford is also a member of Gen Mining’s technical
committee, overseeing the development of the Marathon
Palladium-Copper Project (the “Project”) in Northwestern Ontario.
Previous to founding Marathon Gold, Mr. Walford was President of
Marathon PGM, a former owner of the Project, which was taken over
by Stillwater Mining Company in 2010 for US$118 million. While with
Marathon PGM, Mr. Walford was instrumental in the discovery of the
high grade W Horizon (named after Walford), which is part of the
Main Zone deposit currently undergoing a Feasibility Study. He also
advanced the Project through an earlier Feasibility Study.
About Generation Mining
Limited
Gen Mining’s focus is the development of the Marathon Palladium
Project, 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% interest in the Marathon Project from
Sibanye Stillwater in 2019 and has since increased that ownership
to 80%. Upon completion of the Feasibility Study,
Sibanye Stillwater has certain back-in rights that can bring its
interest in the property back to 51% (see the company's press
release of July 11, 2019, for more details). A
feasibility study was started in the second quarter of 2020 with
completion expected in the first quarter of 2021.
For further information please contact:
Jamie LevyPresident and Chief ExecutiveOfficer(416)
640-2934(416) 567-2440jlevy@genmining.com
Forward-Looking Information
This news release includes certain information that may be
deemed “forward-looking information” under applicable securities
laws. All statements in this release, other than statements of
historical facts, that address the ability of the Company and
Sibanye Stillwater to vary their respective participating interests
in the Marathon Property, Mineral Resource and Reserve potential,
exploration activities and events or developments that the Company
expects is forward-looking information. Although the Company
believes that the expectations expressed in such statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in the statements. There are certain factors
that could cause actual results to differ materially from those in
the forward-looking information. These include, among other
factors, the results of the Company’s due diligence investigations,
market prices, exploration successes, continued availability of
capital and financing, and general economic, market or business
conditions.
Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected in the forward-looking
information. For more information on the Company, investors are
encouraged to review the Company’s public filings at www.sedar.com.
The Company disclaims any intention or obligation to update or
revise any forward- looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
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