Marmota Limited (ASX: $MEU) drilling update

Marmota Limited (ASX: $MEU) has announced the commencement of drilling at the potential gold discovery site in Goolagong. The drilling, which follows up on the recent potential discovery hole, will involve 15 holes and aims to explore the new gold find. The discovery hole 23MR184 at Goolagong exhibited significant gold grades, with the last 2 meters drilled returning notable gold grades. Once the drilling at Goolagong is completed, the rig will be mobilized to the main gold programs at Aurora Tank and Campfire Bore.

Executive Commentary

The commencement of drilling at Goolagong marks an important step in our exploration efforts. The significant gold grades observed in the discovery hole 23MR184 have heightened our excitement about the potential of this site. We are optimistic about the prospects and look forward to the results of the drilling. This activity aligns with our commitment to advancing our gold exploration initiatives and underscores our dedication to unlocking the full potential of the Gawler Craton in the Woomera Prohibited Defence Area.

Summary

Marmota Limited (ASX: $MEU) has initiated drilling at the potential gold discovery site in Goolagong, with significant gold grades observed in the discovery hole 23MR184. The company's focus on advancing gold exploration in the highly prospective and underexplored Gawler Craton reflects its dedication to maximizing the value of its assets. The upcoming drilling activities at Aurora Tank and Campfire Bore further demonstrate Marmota's commitment to its exploration endeavors. The company remains optimistic about the potential of the Goolagong site and looks forward to the results of the drilling as it continues to pursue its strategic objectives in gold and uranium exploration.