Marmota to drill 10 new gold targets in July

By Trevor Hoey. Published at Jun 12, 2018, in Small Caps

South Australian mining exploration company Marmota Ltd (ASX:MEU) today released promising news in relation to its recently discovered portfolio of 10 new gold-in-calcrete anomalous zones.

These anomalous gold zones are situated on MEU's tenements surrounding the Challenger gold mine, which has produced more than 1.2 million ounces of gold over its life.

MEU will conduct its first reconnaissance drill test program of up to 10 targets in July - just a few weeks from today. Each of the zones were found to have consistent significant zones of gold-in-calcrete anomolism.

None of the 10 zones that MEU is about to drill have been drill tested, highlighting the potential of the work that is about to commence.

The potential is speculative at the moment and investors should take all publicly available information into account before making an investment decision with regard to this stock.

MEU recently discovered high grade gold at Aurora Tank about 50km north east of Challenger.

This round of drilling is just the beginning for MEU and the 6000 square kilometres of ground it holds around Challenger.

You can read an in-depth account of MEU on the Next Mining Boom (a related entity of S3 Consortium).


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S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

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