Marmota uncorks bonanza gold hits in South Australia

The West Australian05-29 00:11

Marmota Limited has delivered another batch of gold assays from its Greenewood discovery in South Australia, with fresh results outlining multiple rich zones, reinforcing the view that the system is ...

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Phase three of the campaign is underway to test southward extensions towards its nearby Mainwood prospect.","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"CEF":"Sprott Physical Gold & Silver Trust","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","SGDM":"Sprott Gold Miners ETF","UGL":"2倍做多黄金ETF-ProShares","XJO.AU":"标普/澳交所 200指数","IAUI":"NEOS Gold High Income ETF","BAR":"GraniteShares Gold Shares","BTGD":"STKD Bitcoin & Gold ETF","IAU":"黄金信托ETF-iShares","OUNZ":"VanEck Merk黄金股票基金","STW.AU":"SPDR® S&P/ASX 200 ETF","BGLD":"FT Vest Gold Strategy Quarterly Buffer ETF","IAUM":"ISHARES GOLD TRUST MICRO","AAAU":"Goldman Sachs Physical Gold ETF","DGZ":"做空黄金ETN(德银)","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","RC":"Ready Capital Corp","XAO.AU":"标普/澳交所 普通股指数","UYM":"基础材料指数ETF-ProShares两倍做多","USG":"USCF Gold Strategy Plus Income Fund","IGLD":"FT Vest Gold Strategy Target Income ETF®","BBOZ.AU":"BETASHARES AUSTRALIAN STRONG BEAR (HEDGE FUND)","SGOL":"Abrdn Gold ETF Trust","XKO.AU":"标普/澳交所 300指数","GLD":"黄金ETF-SPDR","GDX":"黄金矿业ETF-VanEck","SLF.AU":"SPDR S&P/ASX 200 LISTED PROP","GLL":"2倍做空黄金ETF-ProShares","PICK":"iShares MSCI Global Metals & Mining Producers ETF","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","DGP":"二倍做多黄金ETN(PowerShares)","DUST":"二倍做空黄金矿业指数ETF-Direxion","GOLY":"Strategy Shares Gold Enhanced Yield ETF","DBC":"商品指数ETF-PowerShares DB","JNUG":"金矿指数二倍做多ETF","RING":"iShares MSCI Global Gold Miners ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","PHYS":"Sprott Physical Gold Trust","DZZ":"德银黄金两倍做空ETN","JDST":"金矿指数二倍做空ETF","GLDM":"SPDR Gold MiniShares Trust","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","QRE.AU":"BetaShares Australian Res Sect ETF","GBUG":"Sprott Active Gold & Silver Miners ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","XME":"金属与采矿指数ETF-SPDR","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF"},"translate_title":"Marmota在南澳大利亚发现了大量金矿","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JDST":1.5,"GDX":1.5,"DGZ":0.6,"IAUI":1.5,"RING":1.5,"XJO.AU":1.5,"XME":1.5,"GDXU":1.5,"BBOZ.AU":0.6,"GOAU":1.5,"IAU":1.5,"SGOL":1.5,"QRE.AU":0.6,"CEF":1.5,"STW.AU":0.6,"UYM":1.5,"DULL":1.5,"GLDM":1.5,"DUST":1.5,"PICK":1.5,"GDXD":1.5,"RC":1,"GOLY":1.5,"USG":1.5,"GLTR":1.5,"BGLD":0.6,"GBUG":1.5,"XAO.AU":1.5,"IAUM":1.5,"SGDM":1.5,"XKO.AU":1.5,"DBC":1.5,"FGDL":1.5,"SLF.AU":0.6,"GDXY":1.5,"BAR":1.5,"AAAU":1.5,"DGP":1.5,"GLD":0.6,"GDXJ":1.5,"JNUG":1.5,"PHYS":1.5,"SHNY":1.5,"UGL":1.5,"OUNZ":1.5,"BEGS":1.5,"BTGD":1.5,"DZZ":1.5,"IGLD":0.6,"GLL":1.5},"content_text":"Marmota Limited has delivered another batch of gold assays from its Greenewood discovery in South Australia, with fresh results outlining multiple rich zones, reinforcing the view that the system is still growing.The company’s latest raft of one-metre assays from its phase two reverse circulation (RC) drilling included standout hits to a peak grade of 41 grams per tonne (g/t) gold from 82m downhole, supported by two other holes carrying hits of 40g/t gold from 84m and 28g/t gold from 74m downhole.Additional high-grade one-metre sections included 27g/t, 26g/t and 23g/t gold.Other broad drill intercepts in three separate holes from the phase two campaign delivered 12m assaying 5.4g/t gold from 19m downhole, 5m going 10g/t gold from 35m downhole and 5m running 9.4g/t gold from 62m.The longest phase two interval turned in a useful 21-metre slice at 2.6g/t gold, with Marmota remarking the broader results continue to rank among the best seen in the Gawler Craton since the Challenger discovery in 1995.Notably, the company says the assays have helped define and extend multiple high-grade zones, particularly along strike to the northeast, with mineralisation remaining open along strike and at depth.Greenewood just keeps growing and getting better and better with each stage of our maiden program. We have achieved phenomenal speed and progress in developing Greenewood, not just with the outstanding results, but achieving in 6 months what previously took 3 years to drill at Aurora Tank. And even in the face of fuel uncertainty and conflict, we are keeping that pace up, with the new Stage 3 program targeting major extensions already well underway, and progressing extremely well. Marmota Limited chairman Dr Colin RoseThe latest results suggest Greenewood has grown into a near-continuous mineralised system stretching 900m to the northeast along strike, with the geometry of the mineralisation increasingly pointing towards an open-pit development scenario.Rather than waiting around for the inevitable flood of strong phase-two assays, Marmota moved aggressively in April, launching a major 20,000m phase-three RC drilling blitz aimed at chasing Greenewood’s mineralisation south into the adjacent Mainwood target, with rigs mobilised within a week.The company says the program is progressing strongly and, if the hits keep coming, the broader Greenewood-Mainwood system has the potential to grow into a formidable two-kilometre-long mineralised corridor.Greenewood is one of an arcuate string of prospects within Marmota’s Gawler gold project. It lies 35km northwest of the company’s flagship Aurora Tank deposit and 30km northeast of the historic Challenger mine, which first opened in 2002 and produced over 1.2 million ounces of gold before ceasing operations in 2018.With high grades, growing scale and a fresh drilling campaign already underway, Greenewood is shaping up as another meaningful piece of Marmota’s South Australian gold story.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2639174386","isCrawlerRequest":true}