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Marmota Ltd.
Summary
| Project: | Aurora Tank | |
|---|---|---|
| Deposit: | Aurora Tank | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/8/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-4-2020: Marmota Ltd. announces an Exploration/Drilling Update report for its Aurora Tank deposit at the Aurora Tank project. Drilling results incl. 5m @ 27g/t Au from 38m. Marmota (ASX:MEU) is very pleased to announce that it has received detailed 1m as | |
| 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 Dec 2019 / Jan 2020 extensional RC drilling program at Aurora Tank. Initial 4m composite results were reported to the ASX on 27 February 2020. New NW flank excels with high grade gold The new NW flank has reported multiple high-grade assays [ see Figures 1 and 2 ]. The NW flank is a new zone discovered in Marmota’s previous 2019 drilling program while following up elevated gold in biogeochemical sampling (tree sampling) These results complement the 5m @ 27 g/t gold [ see ASX:MEU 7 May 2019 ] intersection at the start (SW) of the NW flank which was recently featured in ‘Top Drill Intersections per State – Australia – Q1 2019’ published by the RSC Mineral Intelligence Report (May 2019: p.9 of the RSC Report). The new high-grade intersections are plunge extensions to the NW flank [ see Fig.2 ]. While Marmota has intersected very high grades close to surface (typically 20m to 50m from surface), this program is the first time that Marmota has intersected such high grades at depths below 50m. There are now multiple sequential high-grade intersections in the NW flank. | |
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