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Marmota Limited (ASX:MEU)

ALERT: Price-sensitive ASX Announcement for MEU
Current share price for MEU : $0.073 0.004 (5.80%)+
Announcement
Release
14 Oct 2025 8:22AM
Price at Release
$0.069
Full Release
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Summary
Marmota Limited has announced an update on their Greenewood gold maiden drill program, focusing on the detailed 1 metre splits. The initial results from the maiden program were based on 4m composites, which showed high-grade gold intersections. Following this, a team was dispatched to collect 1m splits to gain more detailed insights. These samples have been sent to Adelaide for assaying, with results expected in about a month. This update follows significant finds, such as a 4m intersection with 43 g/t gold at Greenewood, marking a nearly continuous high-grade discovery along a 900m mineralised zone. Marmota's drilling program is the first since 2018 and is part of a broader exploration in the Gawler Craton area, which is rich in gold deposits. The exploration aligns with Marmota's strategic interests near its flagship Aurora Tank gold deposit, enhancing the potential for low-cost production.
Key Points
  • Marmota announced detailed 1 metre splits from Greenewood maiden drill program.
  • Initial results were based on 4m composites showing significant gold grades.
  • Team collected and sent 1m splits to Adelaide for assaying; results due in one month.
  • Highlights include 4m at 43 g/t gold, marking a continuous high-grade zone over 900m.
  • Greenewood is part of the Golden Moon JV with a significant strategic location near Aurora Tank.
  • Marmota's drilling is the first since 2018; program includes 146 holes with 15,480m total drilling.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.