Marmota Limited Advances Gold Exploration and JV

Marmota Limited (AU:MEU) has released an update.

Marmota Limited has commenced follow-up RC drilling at the promising Goolagong site, part of Project X, signaling advancement in their gold exploration efforts. Additionally, the company has solidified its gold mining prospects through the Golden Moon Joint Venture with Coombedown Resources, aiming to expand and develop four key gold deposits for production. Marmota, through its subsidiary Half Moon, now holds a 90% ownership in the venture’s tenements and minerals, with Coombedown being free-carried until a mining decision is reached.

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