The Geordie Lake PGM-Cu Project is a satellite deposit located 14 km west of the Marathon PGM-Cu Project, the most advanced project within the Company's portfolio. In January 2010, a resource expansion drilling campaign of 3,000 m and 21 drill holes was started. The drill plan for the Geordie Lake deposit can be viewed by clicking here.

Geordie Lake In-Pit PGM-Cu Resource Estimate - (May 2010) (Please click here to view the press release)
In May 2010, Marathon updated the Geordie Lake resource estimate. The updated in-pit resource has a measured and indicated (M&I) resource containing 730,210 ounces of PGM and gold, 3.06 million ounces of silver and 263.7 million pounds of copper.

Geordie Lake Project Location
The Geordie Lake Project is located 14 km west of the Marathon PGM-Cu Project. Access to the Geordie Lake Project is via an all weather road that leads to the Geordie Lake camp. Both the town of Marathon and the Trans Canada highway are within 30 minutes drive of the Geordie Lake area. The Geordie Lake Project benefits from excellent location and access to well developed transportation infrastructure. Please click here to view a location map.

Geordie Lake Deposit Geology
The Geordie Lake deposit is located within the Port Coldwell Complex, a Proterozoic layered basic intrusion. The palladium, platinum and copper mineralization occurs in the Geordie Lake Gabbro. The known zones of significant mineralization have a total north-south strike length of about 1,200 km and dip 30° to 40° to the west. The mineralization has a true thickness ranging from 4m to 60m. Please click here to view a typical cross section of the mineralization.

Deposit History
Marathon acquired the Geordie Lake deposit through a take-over of Discovery PGM, which was announced in early 2008. Marathon started a resource expansion drilling campaign in January 2010 and is anticipated to complete the 21-hole, 3,000 m program by early March 2010.