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Marmota BLEGS bonanza gold grades at Aurora Tank

22 February 2022
ASX: MEU
Jack Baker

Marmota Limited has delivered the highest ever gold assays using high-quality BLEG testwork on previous high-grade intersections at the Aurora Tank project in South Australia’s renowned Gawler Craton.

The high-precision BLEG method has not only confirmed remarkable results but yielded even higher average grades over the same intervals – returning up to 235 grammes per tonne of gold over 1-metre.

Data from industry-standard fire assays outlined the potential of the Aurora Tank site near the Challenger gold mine, which produced over 1.2 million ounces of gold.

The new BLEG results yielded a 19 per cent boost on the previous mean.

“This is a wonderful verification of the bonanza grades at Aurora Tank, and particularly exciting and relevant for us with the next round of RC drilling at Aurora Tank about to commence,” chairman Dr Colin Rose said.

Further detailed announcements on the upcoming RC drill program at Aurora Tank are due shortly.

MEU’s Australian Stock Exchange-listed price is currently at 4.7c (8:36 am UTC+ 8 hours).

COMPANY OVERVIEW

Marmota Limited (ASX: MEU) is a South Australian mining exploration company, focused on gold, copper and uranium. Gold exploration is centred on the Company’s dominant tenement holding in the highly prospective and significantly underexplored Gawler Craton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. The Company’s copper project is based at the Melton project on the Yorke Peninsula. The Company’s uranium JORC resource is at Junction Dam adjacent to the Honeymoon mine.

COMPANY INFORMATION

ASX: MEU

Website

https://www.marmota.com.au/
https://www2.asx.com.au/markets/company/meu

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