- Marmota (MEU) kicks off diamond drilling for gold at the the Aurora Tank Project in South Australia
- The 14-hole program will take place over roughly 1000 metres, drilling to a maximum depth of 200 metres down hole
- The work will provide geotechnical and bulk density information needed to advance Aurora Tank into production
- MEU expects the program to take one month to complete
- Marmota shares are trading 6.98 per cent higher at 4.6 cents at 2:30 pm AEST
Marmota (MEU) has commenced diamond drilling for gold at the Aurora Tank Project in South Australia.
The 14-hole program will take place over roughly 1000 metres, drilling to a maximum depth of 200 metres down hole.
The fully funded program is designed to provide the necessary details to advance the project into production.
Such details include geotechnical information to enable the design of optimal pit walls. In addition, bulk density measurements will be required to complete both resource estimation, and scoping and feasibility studies.
Further, the program will provide bulk samples to inform final phase metallurgical testing across different weathering zones and areas of the deposit, including the first diamond drilling site in the high-grade NW flank.
Marmota Chairman Colin Rose said the company was delighted to kick start the long-awaited program, aimed at advancing Aurora Tank into production.
“Marmota is also planning a separate reverse circulation program aimed at further exploration and growth, following the diamond program,” he said.
“We are carrying out the diamond program first, as our priority is to get the necessary scoping, feasibility and final metallurgical studies completed as soon as possible.”
The company estimates the July program will take roughly one month to complete.
Shares in Marmota were trading close to 6.98 per cent higher at 4.6 cents apiece at 2:30 pm AEST.