Marmota wraps up drilling blitz at big new SA
- Andrew Todd
- Dec 17, 2025
- 2 min read
Marmota Limited (ASX: MEU) has capped off a belter of a year with the drill bit, rounding out an expanded stage two drill program at the company’s new flagship Greenewood gold deposit in South Australia’s Gawler Craton.
The program has now wrapped up following 129 new holes for over 10,000 metres of high-impact resource drilling in under a month.
The blitz follows bonanza gold grades unveiled last week from the company’s maiden program earlier in the year, which delivered exceptionally high grades, entirely near surface and with strong continuity along strike.
Multiple standout intersections confirmed the deposit’s potential, with a peak result of 33m running at a hefty 10 grams per tonne (g/t) gold coming from just 22m below surface.
A swift follow-up stage two campaign kicked off in November and has grown beyond initial plans, blending extensional drilling to chase more gold, with added infill holes to underpin a maiden resource estimate, slated for mid-next year.
The company says its samples are now en route to the lab, with assays expected in late January, amid the holiday slowdown.
Marmota’s maiden campaigns at the new project have now sunk 25,000m into the deposit in under six months - a pace that eclipses the three years it took to hit similar volumes at Aurora Tank.
“The Greenewood gold discovery is yielding spectacular results. Marmota has acted with remarkable speed to get Stage 2 of our maiden program underway so quickly.” Marmota Limited executive chairman Dr Colin Rose
Greenewood sits 35km northwest of Marmota’s other flagship Aurora Tank gold deposit and 30km northeast of the Gawler Craton’s renowned Challenger mine, which yielded over a million ounces from 2002 to 2018.
The prospect slots neatly into the company’s existing Gawler gold project - an arc of deposits flanking a prominent Y-shaped gravity feature in the northwest craton. The chain of deposits runs from Aurora Tank in the east through Golf Bore, Campfire Bore, Greenewood and Mainwood, extending west to Monsoon and Typhoon, with Marmota controlling all of the unmined deposits in the region.
The company’s Aurora Tank stands out with bonanza grades near surface and strong metallurgical recoveries, pointing to an efficient open-pit, heap leach scenario with modest upfront costs and likely low-cost production.
Work on the maiden scoping study for Aurora Tank is well underway, with the company now moving quickly to lodge a maiden resource at its 900m-long Greenewood deposit, so it too can be fast-tracked.
With gold prices again pushing above A$6500 an ounce, Marmota’s stellar share price run and string of high-grade, near-surface discoveries are setting the scene for a busy 2026 ahead.
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