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Marmota Limited ( (AU:MEU) ) has issued an update.
Marmota Limited has announced promising results from its initial drilling program at the Greenewood gold discovery, located 35km from its flagship Aurora Tank discovery in South Australia. The first batch of assay results revealed multiple high-grade gold intersections close to the surface, with notable findings including 24 meters at 12 g/t gold from 20 meters downhole. These results suggest significant potential for the Greenewood site, enhancing Marmota’s position in the gold exploration sector and potentially impacting stakeholders positively as more assays are expected in early October.
More about Marmota Limited
Marmota Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is engaged in discovering and developing gold resources, with a particular emphasis on projects in South Australia.
Average Trading Volume: 845,298
Technical Sentiment Signal: Sell
Current Market Cap: A$48.9M
For an in-depth examination of MEU stock, go to TipRanks’ Overview page.