Marmota chases up historic high-grade South Australian gold hits
The company has been encouraged by the internal examination of the potential customer’s discovery history. Between 2016 and 2017, the examination revealed the previous third -party drilling results, including 1m at 1m at 1m at 29g/t at 29g/T, from 30m, 1m, 1m, 1m, 37g/t below 2016 and 2017.
Three holes reached 24m, 23g/t at 23g/t at 23g/t at 23g/t and from 41m to 21g/T.
The previous drilling contained 12 rotating air explosion holes for 372m, 109 reverse circulatory holes for 7109m, and five diamond holes for 764m.
Marmota’s new campaign will do more than Greenewood’s current discovery drilling complement.
Marmota Limited President Dr Colin Rose said: “As our flagship Aurora Tank Gold Deposit progresses through production -related work, we are happy to realize our hymen in the nearby Greenewood Gold Deposit. Marmota develops a pipeline of adjacent gold deposits as Gawler rapidly enlarged and expanding our project.”
Marmota’s surprisingly successful, fully owned Aurora tank project is 33 km east of the company’s Campfire Bore, Greenewood and Mainwood expectations, which are 33 km east in the larger gold moon joint attempt.
Golden Moon Ground also includes the Golf hole that Marmota has not yet explored gold.
Together, the four hope and the aurora tank seem to occupy a broadcast of shallow, high -grade gold hopes that are only discovered.
Mainwood, 1 km southwest of Greenewood, may also have its gold potential. If the current Greenewood drilling program is carrying fruit, it will look sure that Mainwood is soon subject to Marmota’s attention.
It also has all the Typhoon and monsoon deposits in the Western Gawler Craton Joint Venture Project, which is fully owned by Half Moon, Marmota.
Marmota is looking at a healthy portfolio with potentially important gold targets in various evaluation stages during the term of office of Gawler Kraton.
The company does not allow it to grow under the feet of the grass with an aggressive campaign of the first transition scout drilling on the new ground to quickly define targets that require early follow -up work.Does your company on the ASX list do something interesting? Contact: Mattbirney@bullsnbears.com.au
