Marmota Limited (AU:MEU) has released an update.
Marmota Limited has begun a 58-hole reverse circulation (RC) drilling program at its Aurora Tank gold discovery, aiming to finalize the open-pit design by extending and defining the mineralization zones. The gold project has advanced significantly, with high-grade intersections near the surface and a metallurgical test program over 75% complete, suggesting a low-cost, high-recovery production potential. The gold price doubling since the project’s inception highlights its promising economic outlook.
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