The company refers to its Gawler gold holdings as the “Arc of Gold” prospects that flank a prominent Y-shaped gravity feature in the northwest of the craton. The arc hosts a chain of deposits from Aurora Tank in the east, alongside Golf Bore, Campfire Bore, Greenewood and Mainwood, with Monsoon and Typhoon further afield to the West.
Importantly, Marmota says it controls all the unmined gold zones in this belt, positioning it as a serious player in the Gawler Craton’s gold revival story, which appears just to be heating up.
The company says its stage two drilling campaign at Greenewood kicked off last month and is already well ahead of schedule, targeting up to 85 holes for 8500 metres, in a mix of step-outs and infill. The program aims to nail down boundaries and lay the groundwork for a maiden resource next year.
A fresh scoping study for the broader Gawler gold assets also launched in November, setting the wheels in motion for optimised development.
In a gold market where prices are holding firm above A$6200 an ounce, Marmota’s string of high-grade, near-surface gold deposits across its Arc of Gold is building real traction, potentially steering the company from explorer to low-cost producer in short order.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
