Join our daily newsletter At The Bell to receive exclusive market insights
- Follow-up drilling imminent at Marmota’s (MEU) Aurora Tank gold project in South Australia
- A drilling crew arrived on site yesterday to begin the 85-hole reverse circulation program
- The company says the aim of this work is to test for further extensions to known mineralisation and selected drilling results will aid resource modelling and optimal pit design
- Marmota hopes it will be the final drill program at Aurora Tank prior to lodging a mining lease application
- MEU shares up 2.33 per cent to 4.4 cents
Marmota (MEU) is set to kick off a follow-up drilling program at its Aurora Tank gold project in South Australia after a drilling crew arrived on site at the weekend.
The company said the drilling team arrived last night and would start the reverse circulation (RC) drilling program comprising about 85 holes totalling 10,000 metres imminently.
The latest drilling campaign was designed to test for further extensions to the new north-west flank (NW Flank) prospect and sub-parallel extensions to the north and north-east, parallel to NW Flank.
It was also targeting extensions at depth of primary mineralisation and to the east of the Aurora Tank mineralised zone.
Marmota said selected drilling results from the five-week program would aid resource modelling and optimal pit design.
Chairman Colin Rose said the company was hoping the latest round of RC drilling would be the final drilling undertaken prior to lodging a mining lease application for Aurora Tank.
“The program develops a number of parallel extensions that are still open, and should enable us to complete work on an optimal open pit design,” he said.
MEU shares were up 2.33 per cent to 4.4 cents at 10:32 am AEST.
