Marmota (ASX:MEU) Sets Stage for Growth with First Greenewood Gold Deposit Update

June 17, 2025 04:56 PM AEST | By Team Kalkine Media

Marmota (ASX:MEU) Sets Stage for Growth with First Greenewood Gold Deposit Update — Image source: Shutterstock

High-Grade Gold Intercepts from Historical Exploration

The Greenewood project has already shown signs of high-value mineralisation, based on historical drilling conducted between 2016 and 2017. Notably, these earlier activities revealed several gold intercepts exceeding 20 grams per tonne (g/t), including standout results such as 1 metre at 53 g/t gold and another interval of 1 metre at 37 g/t gold.

These figures have now been formally disclosed by Marmota in compliance with ASX Listing Rule 5.7, which demands transparent reporting of exploration results. The updated presentation enhances the reliability of previously reported data, helping to validate the project’s early promise.

Expansion Potential at Greenewood

To date, only around 7,000 metres of Reverse Circulation (RC) drilling has been completed at Greenewood. The known mineralised strike extends for approximately 500 metres but remains open in all directions—indicating substantial opportunity for further growth.

Marmota is currently preparing its maiden RC drill programme, a strategic step designed to explore the deposit beyond its current boundaries and build a more comprehensive understanding of the resource. With this initiative, the company seeks to uncover new mineralised zones and assess the scalability of the asset.

Strategic Relevance in the Broader Market

Although Marmota is not currently listed among the ASX300 stocks, its proactive approach toward exploration and resource development positions it as a company to watch in the junior gold sector. The ASX300, comprising Australia’s 300 largest companies by market capitalisation, often sees newcomers rise through the ranks as they execute strong operational strategies—something Marmota appears focused on achieving.

Looking Ahead

As Marmota progresses toward drilling at Greenewood, the next phase of exploration could bring greater clarity on the deposit's scale and commercial viability. With its initial review now complete and high-grade historical data in hand, the stage is set for potentially significant advancements in Marmota’s exploration journey.

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