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Marmota Ltd.
Summary
| Project: | Aurora Tank | |
|---|---|---|
| Deposit: | Goshawk | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-1-2018: Marmota Ltd. announces an Exploration/Drilling Update report for its Goshawk deposit at the Aurora Tank project. Drilling results incl. 5m @ 9g/t Au from 43m. Marmota is very pleased to announce that it has received assay results from the first | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Wills (Not stated) | |
| ABSTRACT: | Marmota is very pleased to announce that it has received assay results from the first diamond drilling at Aurora Tank in November 2017. Six diamond core holes were drilled, each to depths of approximately 50m from surface. Excellent grades including 5m @ 9 g/t gold from 43m (including 1m @ 17g/t) were returned in Hole 2; 2m @ 9 g/t gold from 31m (including 1m @ 16.5 g/t gold) in Hole 4; 1m @ 4.5 g/t from 37m in Hole 5, 1.3m @ 4.1 g/t from 23.7m in Hole 6, and 9m @ 2.4 g/t from 16m in Hole 1. All holes intersected significant mineralisation greater than 1g/t gold, demonstrating geological continuity of mineralisation and frequent high-grade intersections. Due to the soft and friable nature of weathered rock at Goshawk, some core was not able to be recovered during drilling, including over some anticipated high grade zones. The soft and friable nature of the weathered rock also points to the opportunity for low-cost open-pit mining of the Goshawk deposit. In addition to the assays received, the diamond drill core will be used to obtain geotechnical, petrological and further metallurgical data, all of which will assist in the evaluation of Goshawk as a mining proposition. Please see Table 1 for more detail. | |
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