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Marmota Limited (ASX:MEU)

ALERT: Price-sensitive ASX Announcement for MEU
Current share price for MEU : $0.076 -0.017 (-18.28%)+
Announcement
Release
28 May 2026 8:23AM
Price at Release
$0.093
Full Release
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Summary
Marmota Limited announced outstanding assay results from their exploration at the Greenewood project, revealing significant gold mineralization. The results highlighted several high-grade gold zones, with notable intersections such as 5 meters at 10 g/t gold from 35 meters downhole in hole 25GWRC208 and 9 meters at 7.1 g/t gold from 82 meters downhole in hole 25GWRC249. The assays confirmed the presence of rich gold zones, supporting the potential of Greenewood as a promising gold exploration target. The company's drilling campaign has successfully identified substantial gold resources at shallow depths, highlighting the project's future development potential.
Key Points
  • Outstanding assays reveal rich gold zones at Greenewood.
  • Significant gold mineralization with high-grade gold zones confirmed.
  • Notable intersections include 5m @ 10 g/t gold and 9m @ 7.1 g/t gold.
  • Drilling campaign shows promise for future development.
  • Gold resources identified at shallow depths.
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.