Marmota Limited chairman Dr Colin Rose said: “Greenewood is yielding some of the best gold results seen in the Gawler Craton since the discovery of the Challenger deposit. The results feature high grades, close to surface, with excellent continuity along strike and including exceptional thick high-grade intersections.”
Marmota’s Gawler gold project now blankets every untouched gold stash in a 10,000 square kilometre chunk of the Craton along the Gawler Gold Belt.
Greenewood lies 35km northwest of Marmota’s Aurora Tank deposit and 30km northeast of the Challenger mine which churned out 1.2 million ounces from 2002 to 2018. It anchors the Golden Moon joint venture where Marmota holds 90 per cent.
Three weeks ago, Marmota roped in Paul Richardson as Gawler Gold Project Manager, a battle-tested engineer who ran ops at St Barbara’s Mount Gibson gold mine and helmed Pacmin Mining at Carosue Dam.
Marmota has continued to make serious progress at its flagship Aurora Tank gold discovery at its Gawler Craton project, having plunged more than 70,000m of RC drilling into the deposit, delivering stunning gold grades up to 217g/t.
Marmota’s multi-commodity tool kit doesn’t stop at gold, with titanium sands at Muckanippie drawing heavyweight Richard Stockwell to join the company and a hefty uranium pile at Junction Dam rubs shoulders with Boss Energy’s Honeymoon.
The long-time junior gold explorer is now lining up as one of South Australia’s sharpest multi-metal play and if the Gawler Craton does end up return to its production heyday, it will likely be Marmota that gets it there.
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