Marmota Limited (ASX: $MEU) announces significant uranium discovery at Yolanda Prospect

Marmota Limited (ASX: $MEU) has announced the identification of an extensive uranium-bearing Eyre Formation palaeochannel at the Yolanda Prospect. The prospect, located to the south of Marmota's Saffron Uranium resource area at Junction Dam, has revealed an 8km long uranium exploration target with high-grade mineralisation. The findings from the Yolanda project review by uranium specialist Mark Couzens indicate significant potential for the growth of Marmota's uranium resource at Junction Dam.

Executive Commentary on Yolanda Prospect Discovery

Marmota chairman, Dr Colin Rose, highlighted the significance of the Yolanda Prospect discovery, emphasizing the extensive nature of the uranium-bearing palaeochannel and the potential for further exploration. Dr Rose also noted the underexplored nature of the Yolanda area, indicating the substantial opportunity for Marmota's uranium exploration. The identification of the 8km long palaeochannel marks Yolanda as Marmota's third exciting uranium exploration target at Junction Dam, underscoring the company's commitment to advancing its exploration initiatives.

Summary of Marmota's Yolanda Prospect Discovery

Marmota Limited's identification of the extensive uranium-bearing Eyre Formation palaeochannel at the Yolanda Prospect presents a significant development in the company's uranium exploration efforts. The 8km long uranium exploration target, coupled with the presence of high-grade mineralisation in floodplains and the weathered sandstone basement, underscores the potential for substantial resource growth at Junction Dam. The underexplored nature of the Yolanda area further highlights the promising opportunities for Marmota's future exploration activities. As Marmota progresses with its Junction Dam review, the focus on the NW corner of the tenement presents an exciting next stage in the company's exploration journey. The discovery at Yolanda reaffirms Marmota's dedication to advancing its uranium exploration and underscores its commitment to unlocking the full potential of its mining assets.