Marmota (ASX: MEU) is in the final stages of preparation for its maiden drilling campaign at the Greenewood discovery, part of its Gawler gold project in South Australia under the Golden Moon joint venture. Marmota is an Australian mining company focused on gold exploration and development. The company’s primary project is the Gawler Gold Project in South Australia, where it seeks to discover and develop economically viable gold deposits.
The company has planned a reverse circulation (RC) program comprising 127 holes, totalling 10,000 metres, with an average hole depth of 79m. This marks the first exploration at Greenewood since 2018. All necessary regulatory permits have been secured, and Marmota’s exploration team has mobilised to the site to prepare drill pads, tracks, and sumps, with drilling expected to commence within the week.
Through its subsidiary Half Moon, Marmota secured ministerial consent last month for 90% ownership of the Golden Moon tenements, including Greenewood, via a joint venture with Coombedown Resources. Greenewood is located 35 kilometres north-west of Marmota’s flagship Aurora Tank gold discovery. According to Marmota chair Dr Colin Rose, the Gawler project is advancing to plan.
Dr Rose added that with the Aurora Tank deposit progressing through production-related studies, the company is pleased to start its maiden campaign at the Greenewood discovery. He noted the current gold price is approximately three times higher than when Greenewood was last drilled.
