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Marmota begins drilling at Greenewood to expand high-grade gold zones, with results due before Christmas.
Marmota Limited has started a new reverse circulation drilling program at its Greenewood gold prospect in South Australia, aiming to expand near-surface high-grade mineralization identified in late 2024, including a 4-meter sample grading 43g/t gold.
The follow-up phase includes up to 85 holes and about 8,500 meters of drilling, targeting areas along a Y-shaped gravity feature near the historic Challenger mine and Marmota’s Aurora Tank project.
While the company’s immediate focus remains on low-cost heap-leach development at Aurora Tank, the Challenger mine’s idle processing plant could offer future toll treatment options if deeper drilling at Greenewood confirms significant resources.
Updated assay results will guide the next steps, with drilling expected to conclude before Christmas.
Marmota comienza la perforación en Greenewood para ampliar las zonas de oro de alta calidad, con los resultados antes de Navidad.