Special Report: Marmota has begun drilling for primary gold at its Aurora Tank gold discovery, not long after finding visible gold.

The 46-hole, 3550m program is the first drilling program of 2018 and the first drilling targeting primary mineralisation.

Marmota’s Aurora Tank site is just 50km north-east of WPG’s (ASX:WPG) Challenger Gold Mine in South Australia — where more than 1.2 million ounces of gold have been dug up since 2002. At current prices that’s worth more than $2 billion.

Marmota is focused on its highly prospective tenements in the Gawler Craton — an under-explored, 6000 sq km area in South Australia’s Woomera Prohibited Area — a military missile-testing, pastoral and mining region in the State’s north-west.

Last month, Marmota announced it had uncovered the first visible gold from Aurora Tank.

Ten of the samples showed grades ranging from 5.9 grams per tonne (g/t) of gold to 43g/t.

Anything over 5g/t is considered high grade.

A technique known as reflected light microscopy revealed visible gold in eight of the 10 high-grade samples.

The gold is mainly hosted in hydrothermal vein quartz and is therefore regarded as primary mineralisation with potential to follow it to depth.

Micro nuggety gold samples shown in vein quartz from Marmota’s latest samples.

Drilling will focus primarily on the new gold discovery at the Goshawk zone at Aurora Tank, with hole depths ranging from 50m to 195m.

In September 2017, Marmota reported 1m intersections from the Goshawk zone that included grades of as high as 101g/t.

A number of shallower holes will also be drilled to provide variography data – the variation in grade over short distances – which will assist in resource modelling.

The drilling program will also include a small nine-hole reconnaissance program at the Kingfisher zone, which is located about 1km south of Goshawk.

The Kingfisher zone contains similar gold-in-calcrete anomalies to those at Goshawk.

Drilling is expected to take two to three weeks to complete.


This special report is brought to you by Marmota.

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