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Marmota Ltd.
Summary
| Project: | Aurora Tank | |
|---|---|---|
| Deposit: | Aurora Tank | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2019: Marmota Ltd. announces an Exploration/Drilling Update report for its Aurora Tank deposit at the Aurora Tank project. Drilling results incl. 5.0m @ 24.3g/t Au from 38m. Marmota (ASX:MEU) is very pleased to announce that it has received detailed | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Wills (Not stated) | |
| ABSTRACT: | Marmota (ASX:MEU) is very pleased to announce that it has received detailed 1m assay results from the September drilling program at Aurora Tank (Goshawk: 24 holes). Initial 4m composite results were reported to the ASX on 14 November 2018. The new detailed 1m results from the September 2018 drilling have yielded an outstanding intersection of 88 g/t gold (with duplicate samples at 89 g/t) just 38m from surface in Hole 104 (on the heels of our best 1m intersection of 93 g/t gold located approximately 200m to the east and 32m from surface). Importantly, the 88 g/t result is not just a 1m highlight, but is followed downhole by high-grade gold … averaging 24 g/t gold over 5m (commencing 38m from surface). The new high-grade intersection (Hole 18ATRC104) is open in a number of directions. It is accompanied by elevated arsenic, which is considered to be a pathfinder for primary gold. The new intersections have further increased the lateral footprint of gold mineralisation that is close to the surface and potentially amenable to low-cost open-pittable mining | |
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