Marmota Limited (ASX:MEU) announces significant gold discovery at Goolagong

Marmota Limited (ASX:MEU) has reported a significant gold discovery at Goolagong in South Australia. The first RC drilling at Goolagong on EL 5818 has intersected significant gold in 11 out of 15 holes drilled, with grades up to 4.4 g/t over 1m. The results confirm Goolagong as a new gold discovery, open in all directions, with potential scale and extent presently completely unknown.

Executive Commentary on Goolagong Gold Discovery

Marmota Chairman, Dr Colin Rose, expressed his delight at the new South Australian gold discovery, attributing it to the skills of the exploration team and the quality of their tenure. He highlighted the potential for extension into the adjoining tenement where Marmota also owns 100% of the gold rights. Dr Rose emphasized the exciting times at Marmota, with ongoing drilling at Goolagong, Aurora Tank, and Campfire Bore, with the next focus being the Aurora Tank gold drilling results.

Summary of Goolagong Gold Discovery and Outlook

Marmota Limited's first RC drilling at Goolagong has resulted in a significant gold discovery, confirming the site as a new gold find in South Australia. The discovery is open in all directions, with potential scale and extent presently completely unknown. The company's Chairman, Dr Colin Rose, expressed optimism about the future prospects, highlighting ongoing drilling activities at Goolagong, Aurora Tank, and Campfire Bore. The outlook remains positive as Marmota continues its exploration and drilling efforts, aiming to uncover further potential in the region.