Marmota’s (ASX:MEU) recent RC drilling programme has yielded excellent gold intersections along the new NW flank, doubling the strike length from about 95m to about 190m at the Aurora Tank Gold project in South Australia.
The NW flank is a new zone discovered in Marmota’s previous 2019 drilling programme while following up elevated gold in biogeochemical sampling.
New extensional drilling along the NW flank has yielded multiple high-grade intersections including:
- 4m @ 28g/t gold (from 64m downhole);
- 4m @ 24 g/t gold (from 68m downhole);
- 4m @ 10 g/t gold (from 56m downhole); and
- 4m @ 10 g/t gold (from 40m downhole).
Chairman, Dr Colin Rose, said the new high-grade intersections are plunge extensions to the NW flank.
Dr Rose said that while Marmota has intersected very high grades close to surface (typically 20m to 50m from surface), this programme is the first time that Marmota has intersected such high grades at depths below 50m. There are now multiple such intersections in the NW flank.
This programme has primarily been an extensional program, to test out new ground. It is also Marmota’s seventh drilling programme (AC or RC) at Aurora Tank. Every one of those programmes so far has been a success.
“The present programme has yielded some of our highest gold intersections ever – and I find this particularly pleasing given that these results have been obtained in an extensional zone.
“Aurora Tank keeps on growing, the underlying fundamentals keep on improving, and so too the potential rewards to our shareholders.”
