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Marmota to kick off its first drilling program at new SA gold target
@Source: smh.com.au
The company now expects to kick-start its first drilling program at Greenewood in about five days. It is planning to drill 127 holes for a total of 10,000 metres to an average depth of about 79m.
‘The Golden Moon JV heralds a new era of gold exploration and resource growth in the Gawler Craton.’Marmota Limited chairman Dr Colin Rose
Through its wholly owned subsidiary Half Moon, Marmota entered a joint venture in April last year with private company Coombedown Resources on a pair of tenements comprising the Golden Moon ground.
Along with the Mainwood prospect, Greenewood occupies the smaller and westernmost of the two Golden Moon joint venture gold tenements, almost 36 kilometres west-northwest of Marmota’s flagship Aurora Tank project.
The second and bigger tenement consists of three separate areas. One area contains Marmota’s Campfire Bore deposit, about 31km west-northwest of Aurora, while a second, 13km north-northwest of Aurora, encloses the Golf Bore deposit.
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