Announcement Date: 2022-08-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Marmota Ltd.
Project name: Aurora Tank
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4m @ 18g/t Au from 76m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Marmota (ASX:MEU) is very pleased to announce that Aurora Tank assay results have been received from the RC drilling program completed in June 2022 New High-grade Extensions to the SW and at depth A most desirable feature of Aurora Tank is the prevalence of very high grades close to surface [ typically just 20m to 50m from surface – see Summary Highlights (p.7) below ]. Our previous program was the first time that Marmota intersected high grade gold at depths below 80m, including 1m @ 36 g/t gold from 120m downhole [ Hole 20AT303 ]. In this new May/June program, the latter appears to be developing into a new distinct separate zone including 4m @ 12 g/t from 116m downhole [ Hole 22ATRC024 ] adjacent. This new zone appears structurally distinct and separate from the high-grade NW flank, and is deeper than the NW flank. This new high-grade zone appears to be following a similar orientation to the adjacent NW flank, becoming shallower to the SW and deeper to the NE. A high priority at Aurora Tank is to see if we can track it and develop it to the South West (and closer to surface). The prize would be another high-grade zone like the NW flank, offset to the SW. Selective follow-up drilling is necessary.
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