Marmota Energy reports high-grade gold results at Greenewood

Marmota Energy Limited (ASX: MEU) has announced outstanding results from the second batch of assays at its Greenewood gold project in South Australia. The latest drilling program has yielded bonanza gold grades, including the highest 4m intersection ever recorded at Greenewood - 4m @ 43 g/t gold from 64m downhole. Marmota's maiden drilling program has now delineated a nearly continuous high-grade discovery at Greenewood, with the mineralised zone extending over 900m in strike. The results feature exceptional thick high-grade intersections close to surface, further validating the company's new geological model for the project. Marmota Chairman Dr Colin Rose commented: "Greenewood is yielding some of the best gold results seen in the Gawler Craton since the discovery of the Challenger deposit. The results feature high grades, close to surface, with excellent continuity along strike." Marmota now owns every unmined gold deposit within a 10,000 km2 area of the Gawler Craton, positioning the company for further growth in this highly prospective region.#Gold, #greenewoodGoldProject, #gawlerCraton, #bonanzaGoldGrades, #highGradeGold

  • No alternative text description for this image
Marco Melia

Asx small cap/micro cap investor. Lover of classic cars

1w

Spectacular hits and close to surface.

Like
Reply

To view or add a comment, sign in

Explore content categories