Marmota sets up for push higherI see upside here with Marmota. Has positioned itself well in the precious metals and uranium sector. Just finished their drilling campaign at the Aurora Tank Gold Project near S.A's Challenger Gold mine. Greenfields means this could really take off if significant assay results come in over the coming weeks. They released a taste of what may come with an announcement on the 3rd September in which they shared the results of an early drill hole 4m @24g/t of gold. Price is now at an inflection point.
MEU trade ideas
$MEU $MEU.ASX couple more of sideway days$MEU $MEU.ASX
Business Summary (as at 30 Jan 2020)
Marmota Limited (MEU, formerly Marmota Energy Limited) is a South Australianmining exploration company, focused on gold, copper and uranium. Gold explorationis centred on the Company's dominant tenement holding in underexplored GawlerCraton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. TheCompany's cornerstone copper project is based at the Melton project on the YorkePeninsula.The Company's uranium project is based at Junction Dam adjacent to theHoneymoon mine
Latest Operational History 26June2020 -
Marmota reported positive high-grade intersectionsfrom the first 2020 drilling at Company's 100%-owned gold discovery atAurora Tank, including intersections over 1m of 74 g/t gold. Tests ofhigh-grade gold at Aurora Tank found that gold grains collected at 38mto 39m downhole (105 g/t gold) on the NW flank are predominantlyprimary mineralization. The Company announced that RC Drilling isdue to commence in 3 weeks (around mid-July 2020).
Substantial Shareholders
Colin Rose (10.9%)
Southern Cross Capital Pty Ltd (8.7%)
Mr John C Huizenga (6.7%)
Directors
Dr Kevin John Anson Wills (Executive Director- Exploration)
Mr Shane Barker (Director - Production)
Dr Colin Rose (Executive Chairman,Executive Director
