Marmota drilling program expansion

Marmota (ASX:MEU) has announced an expansion of its drilling program at the Campfire Bore gold discovery site. The program is increased from 16,500 meters to over 20,000 meters. Stage 1, consisting of 86 reverse circulation drill holes, is complete. Results are expected early December, with Stage 2 to follow.

Marmota's strategic expansion and future outlook

Marmota (ASX:MEU) is strategically expanding its drilling program at the Campfire Bore site to over 20,000 meters, divided into two stages. Stage 1 is complete with assay results anticipated in December. Stage 2 will focus on high-grade intercepts. This project, part of the Golden Moon JV where Marmota holds a 90% stake, shows promising growth potential. The project is near the advanced Aurora Tank, offering strategic advantages. The current gold market, with prices over A$4000, provides favorable conditions. Marmota aims to enhance understanding of high-grade mineralization at Campfire Bore, aligning with its broader strategy for gold exploration in South Australia.

Insights from Marmota leadership

Dr. Colin Rose, Marmota's Chairman, expressed optimism about the progress and potential of the Campfire Bore project.