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Highlights
- Marmota begins its first drill program at Greenewood within the Gawler gold project.
- 10,000m of drilling planned to expand the project’s gold resource base.
- Greenewood part of a joint venture with strategic landholding in South Australia.
Marmota (ASX:MEU) has launched its inaugural drilling campaign at the Greenewood gold discovery, situated within the broader Gawler gold project in South Australia. This marks a significant milestone in the company’s efforts to expand its footprint across a highly prospective mineral province.
The maiden program, which began in early July, involves the planned drilling of 127 holes for a total of 10,000 metres, with an average target depth of 79 metres per hole. Drilling crews are progressing at a rate of approximately 300 metres per day, and early operations are reportedly advancing well.
Strategic Expansion at Gawler
Greenewood lies within the Golden Moon joint venture, where Marmota holds a 90% interest via its subsidiary, Half Moon. The project area encompasses tenements EL5998 and EL6569, granted ministerial consent for transfer in June, and includes several gold prospects located along a prominent Y-shaped gravity anomaly in the northwest Gawler Craton.
The Greenewood site itself is located approximately 30 km northeast of the historic Challenger mine and about 35 km northwest of Marmota’s Aurora Tank project. The proximity of these prospects positions Marmota to potentially establish a network of open-pittable gold operations across the region.
Marmota anticipates that data from the Greenewood drill program will enhance resource knowledge and assist in developing a pipeline of satellite deposits to support its flagship Gawler project. Aurora Tank, which is currently undergoing production-related studies, has previously yielded high-grade gold intercepts near the surface.
Greenewood’s Golden Past
Originally discovered by Tyranna Resources (ASX:TYX) in 2016, the Greenewood gold prospect was acquired by Marmota in 2020. Past exploration has already revealed compelling drill intersections, including 53 grams per tonne (g/t) from 30 to 31 metres, and 37g/t from 48 to 49 metres, highlighting Greenewood’s potential for high-grade, shallow gold mineralisation.
With over 8,200 metres of historical drilling already completed, the current program aims to unlock further value from the project’s prospective geology and fast-track its development path.
For those keeping an eye on Australian resource opportunities outside of the top ASX 200. space, this campaign reflects Marmota’s focused strategy to grow through exploration success and regional development.
As operations continue into August, investors and industry stakeholders will be closely watching the results to assess how Greenewood might further enhance the company’s overall asset base in one of South Australia’s most mineral-rich belts.
