Marmota Accelerates Greenewood Gold Program as One-Metre Samples Sent for Assay
Marmota (ASX: MEU) has advanced its maiden drilling program at the Greenewood gold discovery in South Australia’s Gawler Craton, confirming that it has collected detailed one-metre split samples from the project’s high-grade zones and and dispatched them for assay.
The samples follow last week’s release of composite results, which included some of the best gold intersections ever recorded at Greenewood.
Executive chair Dr Colin Rose said the quick turnaround between receiving composite results and collecting the 1m splits demonstrates the company’s commitment to accelerating development at the emerging discovery.
Exceptional Initial Results
Marmota’s earlier 4m composite assays returned several bonanza intercepts, including 43 grams per tonne gold from 64m and 38g/t gold from 24m.
The wider intervals included 28m at 6.5g/t gold and 24m at 12g/t gold, confirming consistent, high-grade mineralisation close to surface.
The results extend the mineralised zone to more than 900m in strike length, with continuity evident across multiple sections.
Dr Rose said the results mark the strongest start to any gold program the company has undertaken, reinforcing Greenewood’s status as one of the most significant new gold discoveries in the Gawler region since Challenger.
Program Progress and Timeline
The company has already collected all 1m splits from the mineralised intervals and returned them to Adelaide, with assay results due within a month.
The 1m samples will provide greater precision on grade distribution and structural controls within the high-grade shoots, supporting upcoming resource modelling and future drill planning.
Marmota’s drilling – which to date has comprised 146 holes for 15,480m, averaging just over 100m per hole – represents the first at Greenewood since 2018.
The detailed 1m results will allow the company to refine its geological model and prioritise follow-up drilling aimed at delineating a maiden resource.
Strategic Location and Growth Potential
Greenewood lies 35 kilometres northwest of Marmota’s flagship Aurora Tank gold discovery and 30 kilometres northeast of the historic Challenger mine in the Gawler Craton.
Marmota holds 90% of Greenewood through its subsidiary Half Moon Pty Ltd, within the Golden Moon joint venture.
The project’s proximity to Aurora Tank provides clear economies of scale for future development, with both deposits hosting near-surface mineralisation suitable for low-cost open-pit mining.
Dr Rose said Greenewood has now entered a new phase of growth, noting that the latest program has revealed a near-continuous corridor of mineralisation that remains open along strike and at depth.
He said the company looks forward to receiving the 1m assays next month, which will be the first detailed analysis of the individual mineralised intervals from the discovery program.