For thousands of other reports visit RSC's Mineral Intellingence Map
Marmota Ltd.
Summary
| Project: | Aurora Tank | |
|---|---|---|
| Deposit: | Aurora Tank | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-1-2020: Marmota Ltd. announces an Exploration/Drilling Update report for its Aurora Tank deposit at the Aurora Tank project. Drilling results incl. 4m @ 24.3g/t Au from 68m. Marmota (ASX:MEU) (‘Marmota’ or the ‘Company’) is pleased to provide an update | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Wills (Not stated) | |
| ABSTRACT: | Marmota (ASX:MEU) (‘Marmota’ or the ‘Company’) is pleased to provide an update on the current drilling program at Aurora Tank. While the Company does not normally provide interim results until drilling programs are completed and all assays are received, in order to comply with ASX Listing Rule requirements on continuous disclosure, the Company is pleased to note that the first batch of drilling assays from the December drilling has yielded an excellent 4m intersection averaging 24 g/t gold (from 68m downhole) in Hole 19ATRC162. The result of 24 g/t is an average of two assays, the first generating 31 g/t over 4m and a duplicate composite (different spear) generating 17.5 g/t over 4m. Prior drill holes extensional to the NW flank were shallow 50m reconnaissance holes and not deep enough to pick up the high-grade strike extension at around 68m downhole (approximately 60m from surface). The NW flank now extends at least 130m in a north-easterly direction. Program expanded: Marmota has expanded this program from approximately 5000m to 7200m, with extra holes added at a number of locations including the NW flank and new Two Fingers zone. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report