Marmota's Greenewood Gold Project Yields Impressive High-Grade Assays in South Australia
Marmota Limited has announced another round of outstanding drilling results from its Greenewood gold prospect, located within the Gawler Craton project in South Australia. The stage two drilling campaign has delivered robust intercepts, including a notable 44-metre section assaying 2.3 grams per tonne (g/t) gold, with a 4-metre composite sample grading an impressive 16g/t gold.
Expanding Mineralisation with Thick Intercepts
The latest assays build upon the exceptional stage one results released late last year, which featured bonanza-grade gold up to 109g/t and thick intercepts such as 33m at 10g/t gold. Stage two has reinforced these highlights, revealing even thicker mineralised zones with strong continuity. The high-grade gold system now stretches over 900 metres of strike and remains open in all directions, showcasing significant expansion potential.
Notably, drilling to the north-east in this campaign intersected substantial gold, contrasting sharply with shallow holes drilled in 2017 that yielded negligible results. This success underscores Marmota's strategic shift to deeper drilling, which has exposed previously missed gold mineralisation.
Key Drilling Highlights and Grades
The best intercept from the stage two results was 44m at 2.3g/t gold from 16m downhole, including a 4m composite grading 16g/t gold. Additional standout holes include:
- 36m at 3g/t gold from 64m downhole, with a 4m composite assaying 18g/t gold.
- 32m at 3.2g/t gold from 56m downhole, featuring a 4m composite grading 24g/t gold.
These results demonstrate excellent widths and grades, with mineralisation extending to a maximum depth of 100m downhole. Among the top nine intercepts, thicknesses ranged from 20m to 32m, with primary grades between 2g/t and 4.3g/t gold, and composite intercepts reaching up to 12g/t gold.
Strategic Implications and Future Plans
While stage one drilling focused on high-grade shoots, stage two highlights broader, thicker zones that enhance the overall scale and continuity of the discovery. With detailed 1m splits of initial 4m composite samples still pending, further refinement of high-grade zones is anticipated soon.
Marmota is already planning a major follow-up reverse-circulation (RC) drilling program in March, targeting southward extensions into the Mainwood area. This could potentially extend the mineralised strike out to 2 kilometres, significantly boosting the project's prospects.
Geographic Context and Project Significance
The Greenewood deposit is situated 35 kilometres northwest of Marmota's flagship Aurora Tank deposit and 30 kilometres northeast of the historic Challenger mine, which produced over one million ounces of gold. Located within a highly-prospective arc of multiple gold mineralised zones in the Gawler Craton, Greenewood is emerging as a potentially significant addition to Marmota's gold portfolio, possibly one of the most notable discoveries since Challenger.
With open extensions in all directions and upcoming drilling aimed at testing further scale, Greenewood is positioned as a compelling growth story. Its proximity to Aurora Tank offers obvious synergies, and the combination of solid near-surface thicknesses, consistent grades, and bonanza shoots makes it a standout in Marmota's Gawler Craton gold project.
