Marmota believes the validation of higher grades positions Aurora Tank as a bumper development opportunity. With plans already underway for resource modelling and additional feasibility studies, the company says it is moving closer to becoming the next low-cost gold producer in the world-class Gawler Craton, in a gold environment that can only be described as booming.
The company’s broader vision for the project includes low-cost, open-pit gold mining at Aurora Tank and its emerging nearby Campfire Bore gold deposit, which is also supported by high-grade, near-surface gold mineralisation.
Previous standout results at Aurora Tank of hits – alongside the 7m intercept above now grading at a substantial 19g/t gold – include a 5m hit at a massive 27g/t gold including a 1m interval of 105g/t from 38m and 3m at 72g/t gold, which included 1m at a whopping 197g/t.
Marmota is no one-trick pony at its massive Gawler Craton project, which impressively features a second emerging discovery of shallow, titanium-rich heavy mineral sands uncovered late last year.
The latest heavy mineral sands discovery at Muckanippie adjoins the western end of neighbour Petratherm’s heavy mineral sands project. Petratherm’s share price has increased more than 20 times since the discovery and market pundits are calling the region the latest critical titanium sands district, thanks to its stunning high grades.
A paleochannel at Muckanippie has been identified as the source of the high-grade heavy mineral sands and has prompted Marmota to kick off an urgent 89-hole follow-up drilling program on its ground to quickly and cost-effectively establish a resource at its project as the region gains market recognition.
As Marmota prepares to commence further drilling and resource modelling at Aurora Tank, the company’s strategic positioning in South Australia’s Gawler Craton, combined with surging gold and titanium prices, puts the company in an enviable position that very few junior explorers ever experience – the potential of having two economically viable projects in two surging commodities on the one project.
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