Marmota (ASX:MEU) said it plans to expand the stage three drilling program at the Greenewood gold discovery in South Australia to around 31,000 meters, with the drill holes expanded to 320 meters, according to a Thursday Australian bourse filing.
Greenewood is part of the Golden Moon joint venture, in which Marmota has 90% ownership via its unit Half Moon.
The firm completed 26,000 meters of reverse circulation drilling at the discovery.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.