Marmota Limited (ASX:MEU) Announces First Details of Greenewood Gold Deposit
Overview
Marmota Limited (ASX:MEU) has completed an internal review of the Greenewood Gold deposit and is planning its maiden drilling programme. The announcement marks Marmota’s first ASX release on the Greenewood discovery.
Exploration Highlights
Previous drilling by Tyranna between 2016 and 2017 at Greenewood revealed multiple gold intersections over 20 g/t, including 1m @ 53 g/t Au and 1m @ 37 g/t Au. Marmota has now presented these results in compliance with ASX Listing Rule 5.7, enhancing transparency by providing detailed intercept information.
Future Outlook
Greenewood has extensive potential for growth with only approximately 7,000 metres of Reverse Circulation drilling conducted to date. The mineralised strike length is approximately 500m and remains open in all directions. Marmota is finalising plans for its maiden Reverse Circulation drill programme, aiming to expand the resource.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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