Marmota (ASX: MEU) has begun preparations for the second stage of drilling at its Greenewood gold discovery in South Australia’s Gawler Craton, only weeks after revealing a suite of exceptional intercepts that confirmed the area’s potential as a major new system.
The 8,500-metre reverse circulation campaign will comprise about 85 holes and begin before Christmas, targeting the continuation of thick, high-grade zones first encountered during October’s maiden program.
The company has secured all approvals, with drill pads and access tracks being readied while the company awaits final one-metre assay results from the initial phase.
Follow-Up to a Breakout Discovery
The Stage 1 program at Greenewood – in which Marmota holds a 90 per cent interest through its subsidiary Half Moon – produced some of the most impressive gold intersections reported from the Gawler Craton in recent years.
Among the standout results were 4m at 43 grams per tonne gold from 64m, 4m at 38 g/t from 24m, and 28m at 6.4 g/t from 44m, supported by several additional high-grade zones including 24m at 12 g/t from 20m.
The combination of grade, thickness and shallow depth points to a robust mineralised system with strong structural continuity displaying visible gold and well-developed shear controls that could host both open-pit and underground potential.
Marmota expects to start the Stage 2 program within weeks, which will extend coverage along strike and down-dip to test whether these features represent a continuous, district-scale ore system.
In parallel, the company is completing detailed one-metre sampling and geological modelling to refine its understanding of the system before deeper testing begins.
Positioned Within the Gawler Gold Arc
Situated about 35 kilometres northwest of Marmota’s Aurora Tank deposit and 30km northeast of the historical Challenger mine, Greenewood occupies a highly prospective corridor within the northern Gawler Craton.
Its location provides clear logistical advantages, allowing potential sharing of infrastructure and exploration support with nearby projects.
Marmota said the discovery reinforces its footprint within what it now terms the “Gawler gold arc” — a 20-kilometre trend that includes Aurora Tank, Golf Bore, Campfire Bore, and Mainwood.
Executive chair Dr Colin Rose said Greenewood continues to demonstrate exceptional promise and is shaping as a cornerstone discovery within Marmota’s growing South Australian gold portfolio.
