Marmota (ASX:MEU) has kicked-off drilling at the new Muckanippie Heavy Minerals Titanium discovery in South Australia that just yielded bonanza Heavy Mineral assays in every discovery hole.
The AC drill programme is go 89 planned holes (may vary) at hole depth of approximately 30m.
Hole depths are purposefully shallow as the target is the titanium-bearing mineral sands from surface.
In November 2024, Marmota discovered exceptional thick rich titanium mineralisation at Muckanippie from surface, in every discovery hole.
In December 2024, Marmota submitted the first metallurgical testwork to specialist laboratories to
determine the heavy mineral properties in the discovery holes.
On 7 January 2025, Marmota announced that a geological review at Muckanippie identified a regional scale palaeochannel interpreted to transect both Marmota’s recent discovery of exceptional thick rich titanium mineralisation at Muckanippie (EL 6166) and Petratherm’s discovery of thick rich titanium mineralisation also at Muckanippie,
The new interpretation of the Mesozoic palaeochannel has been aided by work published as recently as November 2024 by the Geological Survey of South Australia (‘GSSA’) GP2 project.
Marmota holds approximately 28km (in length) of the highly prospective titanium-bearing palaeochannel on its tenements. Of the 28km, approximately 10km (in length) lies within Marmota’s tenements to the west, and approximately 18km (in length) lies within Marmota’s tenements to the east.
The palaeochannel is interpreted to be up to ~ 5km in width over MEU tenements, as defined by the Geological Survey of South Australia GP2 project.
“Marmota announced just 10 days ago HM assays featuring bonanza grades in every discovery hole. Those assays confirm Marmota’s discovery at Muckanippie as a highly significant new Heavy Mineral sands discovery," Chairman, Dr Colin Rose, said.
"Marmota is progressing with full speed a major follow-up drill program to rapidly advance, grow and develop this outstanding titanium Heavy Mineral discovery."
