Marmota (ASX:MEU) has mobilised for a high-stakes drilling campaign at its Greenewood gold prospect.
The maiden programme in the Mainwood zone represents a tactical shift to the south, as the explorer seeks to capitalise on what are being described as some of the most compelling gold results seen in the Gawler Craton since the landmark discovery of the Challenger deposit in 1995.
The scale of the programme is ambitious, comprising approximately 220 planned reverse circulation drill holes for a total of nearly 20,000m of drilling.
Operations commenced this week, with the primary objective of extending the mineralised gold strike to a total length of 2km.
The expansion strategy follows a string of "bonanza" grade intersections previously reported by the company, characterised by their proximity to the surface and exceptional continuity along the strike.
The Greenewood site has already demonstrated potential for high-grade "purple dot" zones, which are synonymous with top-tier mineralisation in regional geological modelling. Drilling is scheduled to continue aggressively through May and June.
At the time of reporting, Marmota’s share price was $0.12.