it would seem......, page-49

marathon resources..(mtn) hi guys..

might be worth having a look at this new ipo.

have received some very good comments

http://www.marathonresources.com.au/index.html

Marathon Resources (MTN) Back

Status: 1st Extn
Amount Sought: $ 5,000,000.00
Issue Price: $ 0.20
Est Closing Date: 8 Dec, 2004
Est Listing Date: 15 Dec, 2004
Website Address: http://www.marathonresources.com.au

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The Gawler Craton
This is the host for WMC’s Olympic Dam, a giant ironoxide Cu-Au-U deposit, which is the eighth largest
copper deposit in the world, producing about 1.5% of the world’s refined copper. The recent discovery, by the BHP/Minotaur Joint Venture of a smaller but similar in style gold-copper ore system at Prominent Hill, promises mining in the near future. Some other deposits have also been identified in the past, including a first class gold deposit now mined out at Tarcoola and the more recently discovered Challenger gold deposit, now undergoing mining. Other new gold prospects are under intensive exploration and will possibly prove economic, eg, Tunkillia (Helix Resources) and Barns (Adelaide Resources/Newmont Mining JV). However, the Gawler Craton remains under-explored with further potential for large metalliferous deposits.
Marathon’s tenements within the Gawler Craton are localised in strategic ground displaying geological environments similar to those which host major ore bodies. These areas, prospective for massive/very large bulk IOCG and other mineralisation, are Coondambo and Mulga Well, near Glendambo, and Mabel Creek and Woorong Creek, in Joint Venture with Minotaur Resources, north of Coober Pedy in the northern Gawler Craton. At this stage, the Company has advanced exploration at Coondambo, where significant gravity, magnetic and tectonic settings favourable for mineralisation have been identified. These anomalies will be drill tested immediately upon completion of a preliminary exploration program. Surrounding this area, the Mulga Well tenement extends along a regional scale tectonic tructure/lineament and covers a specific area of the Gawler Craton exhibiting convergence of the eastern end of the Harris Greenstone Belt, prospective for gold, copper, gold-copper and nickel. This is underexplored ground, which requires more geophysical work prior to exploration concept implementation and drill target generation.


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