Marmota completes camp infrastructure upgrade at Aurora Tank gold discovery

Marmota Ltd (ASX:MEU) (FRA:43M) has completed a camp infrastructure upgrade at the Aurora Tank gold discovery in the highly prospective and underexplored Gawler Craton, near the Challenger gold mine in the Woomera Prohibited Defence Area of South Australia.  With the camp upgrade now complete, Marmota will be able to proceed with its planned diamond drilling program.  Camp upgrade This new upgrade involved installing septic tank and wastewater treatment system. The camp water storage capacity has now doubled to 90,000 litres, which is necessary for the diamond drilling program. Accelerated Discovery Initiative Phase 2 complete Separately, Marmota has completed phase 2 of the new accelerated discovery initiative (ADI), including high priority infill sampling of two new strong gold-in-calcrete anomalies that Marmota has just discovered. Both new strong gold anomalies are in the tenements adjoining Marmota’s Aurora Tank gold discovery and adjacent to the same shear zone as the discovery. Phase 2 was considerably expanded from the around 500 auger drill holes originally planned to 846 auger drill holes after the phase 1 biogeochemical assay results yielded multiple additional anomalous targets. Some of the biogeochemical gold anomalies appear to be coincident with the gold-in-calcrete anomalies. Strong gold-in-calcrete anomalies In March 2021, Marmota completed phase 1 sampling of 1,768 individual new sample locations, covering about 300 square kilometres of ground, extending outwards from the gold discovery at Aurora Tank to the surrounding tenements. At each sample location, both a calcrete sample (geochemical) and tree leaf sample (biogeochemical) were taken. The new anomalies are in the Woorong Downs (west) tenement, roughly midway between the Challenger Gold mine (to the west) and Marmota’s Aurora Tank gold discovery. Both Challenger and Aurora Tank were found by testing near surface calcrete for anomalous gold, an indicator of gold below surface. The new gold anomalies are adjacent to the same NE shear zone as the Aurora Tank gold discovery where Marmota has yielded multiple 1-metre intersections over 100 g/t gold, all close to surface, including most recently, its best-ever result of 165 g/t gold over 1 metre (about 57 metres from surface). New assay results for the Woorong Downs ADI calcrete sampling have yielded two new strong gold-in-calcrete anomalies, namely of 40 ppb gold and 27 ppb gold (on a 400 metres grid). The highest ever gold-in-calcrete result recorded at the Aurora Tank (Goshawk) discovery was 38 ppb gold, including all detailed in-fill sampling down to a 50 metres grid size. No such infill has been carried out yet at Woorong Downs as the phase 1 data is sourced purely from a wide-spaced 400 metres regional grid. The anomalous gold samples also feature elevated levels of copper, bismuth, molybdenum and uranium, which are likely to assist target identification once the infill sampling results are available. Phase 2 assay results The extent of such overlay will be vastly more apparent when the phase 2 assay results are received with the significantly increased density of data arriving. All phase 2 samples (calcrete and biogeochemical) have been dispatched to the respective laboratories. The company looks forward to receiving assays as a priority, albeit noting that the labs are extremely busy at the moment.