Latest news with #Tyranna
Sydney Morning Herald
7 days ago
- Business
- Sydney Morning Herald
Marmota expands drilling program at high-grade SA gold target
Marmota Limited has extended its maiden drilling program at its proven gold-mineralised Greenewood prospect in the northwestern part of the company's extensive multi-commodity Gawler Craton tenements in South Australia. It now plans to drill about 12,500 metres at an average downhole depth of 90m to deliver a maiden campaign far surpassing all the previous drilling metres put into the Greenewood prospect. The company has so far completed 61 holes in July for 5108m, with the drilling crew averaging about 284m per day. Marmota expects to continue the program for a further four to five weeks. The company flagged its drilling proposal and launched its new program in early July, following a detailed review of Greenewood's historic data. 'Marmota's Gawler gold project is progressing beautifully. We are delighted to carry out our maiden program at the nearby Greenewood gold deposit.' Marmota Limited chairman Dr Colin Rose The review found that gold mineralisation was discovered at the prospect during ASX-listed Tyranna Resources' 2016 reverse circulation drilling campaign to follow up anomalous gold results from a 2003 rotary air-blast (RAB) drilling program. Tyranna drilled the prospect further in 2017 and 2018, before moving away from gold to pursue lithium in Angola. Marmota acquired Tyranna's South Australian gold assets in 2020-2021. Tantalisingly, Marmota's reappraisal of the old gold assays during its recent data review unveiled some serious hits in Tyranna's reverse circulation drill tests. These include a best run in one hole of 1 metre assaying 53 grams per tonne (g/t) gold within a wider interval of 14m at 6g/t gold. A second hole hit 1m going 37g/t gold within a wider interval of 22m at 4g/t gold, while a third hole nailed 1m running 21g/t gold in a broader interval of 13m at 3.4g/t gold. A fourth hole bored through a further 1m interval assaying 29g/t within a 5m intercept going 10g/t gold.
The Age
7 days ago
- Business
- The Age
Marmota expands drilling program at high-grade SA gold target
Marmota Limited has extended its maiden drilling program at its proven gold-mineralised Greenewood prospect in the northwestern part of the company's extensive multi-commodity Gawler Craton tenements in South Australia. It now plans to drill about 12,500 metres at an average downhole depth of 90m to deliver a maiden campaign far surpassing all the previous drilling metres put into the Greenewood prospect. The company has so far completed 61 holes in July for 5108m, with the drilling crew averaging about 284m per day. Marmota expects to continue the program for a further four to five weeks. The company flagged its drilling proposal and launched its new program in early July, following a detailed review of Greenewood's historic data. 'Marmota's Gawler gold project is progressing beautifully. We are delighted to carry out our maiden program at the nearby Greenewood gold deposit.' Marmota Limited chairman Dr Colin Rose The review found that gold mineralisation was discovered at the prospect during ASX-listed Tyranna Resources' 2016 reverse circulation drilling campaign to follow up anomalous gold results from a 2003 rotary air-blast (RAB) drilling program. Tyranna drilled the prospect further in 2017 and 2018, before moving away from gold to pursue lithium in Angola. Marmota acquired Tyranna's South Australian gold assets in 2020-2021. Tantalisingly, Marmota's reappraisal of the old gold assays during its recent data review unveiled some serious hits in Tyranna's reverse circulation drill tests. These include a best run in one hole of 1 metre assaying 53 grams per tonne (g/t) gold within a wider interval of 14m at 6g/t gold. A second hole hit 1m going 37g/t gold within a wider interval of 22m at 4g/t gold, while a third hole nailed 1m running 21g/t gold in a broader interval of 13m at 3.4g/t gold. A fourth hole bored through a further 1m interval assaying 29g/t within a 5m intercept going 10g/t gold.
