Marmota Limited has delivered another batch of gold assays from its Greenewood discovery in South Australia, with fresh results outlining multiple rich zones, reinforcing the view that the system is still growing.

The company’s latest raft of one-metre assays from its phase two reverse circulation (RC) drilling included standout hits to a peak grade of 41 grams per tonne (g/t) gold from 82m downhole, supported by two other holes carrying hits of 40g/t gold from 84m and 28g/t gold from 74m downhole.

Additional high-grade one-metre sections included 27g/t, 26g/t and 23g/t gold.

Other broad drill intercepts in three separate holes from the phase two campaign delivered 12m assaying 5.4g/t gold from 19m downhole, 5m going 10g/t gold from 35m downhole and 5m running 9.4g/t gold from 62m.

The longest phase two interval turned in a useful 21-metre slice at 2.6g/t gold, with Marmota remarking the broader results continue to rank among the best seen in the Gawler Craton since the Challenger discovery in 1995.

Notably, the company says the assays have helped define and extend multiple high-grade zones, particularly along strike to the northeast, with mineralisation remaining open along strike and at depth.

Greenewood just keeps growing and getting better and better with each stage of our maiden program. We have achieved phenomenal speed and progress in developing Greenewood, not just with the outstanding results, but achieving in 6 months what previously took 3 years to drill at Aurora Tank. And even in the face of fuel uncertainty and conflict, we are keeping that pace up, with the new Stage 3 program targeting major extensions already well underway, and progressing extremely well.

The latest results suggest Greenewood has grown into a near-continuous mineralised system stretching 900m to the northeast along strike, with the geometry of the mineralisation increasingly pointing towards an open-pit development scenario.

Rather than waiting around for the inevitable flood of strong phase-two assays, Marmota moved aggressively in April, launching a major 20,000m phase-three RC drilling blitz aimed at chasing Greenewood’s mineralisation south into the adjacent Mainwood target, with rigs mobilised within a week.

The company says the program is progressing strongly and, if the hits keep coming, the broader Greenewood-Mainwood system has the potential to grow into a formidable two-kilometre-long mineralised corridor.

Greenewood is one of an arcuate string of prospects within Marmota’s Gawler gold project. It lies 35km northwest of the company’s flagship Aurora Tank deposit and 30km northeast of the historic Challenger mine, which first opened in 2002 and produced over 1.2 million ounces of gold before ceasing operations in 2018.

With high grades, growing scale and a fresh drilling campaign already underway, Greenewood is shaping up as another meaningful piece of Marmota’s South Australian gold story.

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