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The latest update is out from Marmota Limited ( (AU:MEU) ).
Marmota is launching a major reverse circulation drilling campaign at its Greenewood gold discovery, targeting a southern extension known as Mainwood. The program, comprising about 220 holes over roughly 20,000 metres, follows earlier maiden drilling that delivered bonanza, high-grade, near-surface results with strong continuity along strike at Greenewood.
Most of the planned holes will test the Mainwood zone and could significantly extend the mineralised gold strike to about 2km. With diesel supplies on site and the field team already preparing pads, tracks and sumps, drilling is scheduled to commence next week, marking a potentially important step in expanding Marmota’s resource base and enhancing its project scale.
More about Marmota Limited
Marmota Limited is an Australian gold exploration company focused on the Gawler Craton region in South Australia. The company targets high-grade, near-surface gold deposits, with its Greenewood discovery emerging as one of the most promising finds in the area since the Challenger deposit, positioning Marmota as a notable explorer in this prolific gold district.
Average Trading Volume: 2,954,301
Technical Sentiment Signal: Buy
Current Market Cap: A$148.5M
See more data about MEU stock on TipRanks’ Stock Analysis page.