High-grade gold findings at Aurora Tank

Marmota (ASX:MEU) has announced promising results from its 2024 Reverse Circulation drilling program at the Aurora Tank gold project. The 1-meter fire assay results reveal high-grade gold intersections near the surface, suggesting a potentially profitable open-pit operation. This program aims to further define the gold deposit at Aurora Tank, with exceptional findings particularly in the southern zone.

Aurora Tank drilling results and future outlook

Marmota's 2024 RC drilling program at the Aurora Tank project in South Australia has yielded high-grade gold intersections, including notable results such as 1m @ 34 g/t gold from 43m. The program, which included 90 holes totaling 7,692 meters, aimed to refine the resource definition, focusing on the open-pit potential. The company is conducting metallurgical tests to support low-cost, open-pit heap leach mining methods. Marmota's eleventh consecutive successful drilling program emphasizes the project's high-grade potential. Plans for further infill and extensional drilling are underway to define the resource limits. The strategic location in the Gawler Craton and favorable geological context support Marmota's ambitions for a profitable mining operation.

Executive insights on drilling results

Dr. Colin Rose, Chairman of Marmota, expressed optimism about the results, highlighting the high-grade intersections and proximity to the surface as favorable for low-cost mining operations.