Financial Wire

Marmota Starts Drilling at South Australia Gold Deposit's Extension

-- Marmota (ASX:MEU) said a maiden drilling program started in the Mainwood zone, which is the South Australia-based Greenewood gold deposit's extension to the south, according to a Tuesday Australian bourse filing.

Greenewood is part of the Golden Moon joint venture, in which Marmota has 90% ownership via its wholly-owned unit Half Moon.

The company plans to drill a total of around 220 reverse circulation drill holes for around 20,000 meters.

Marmota's shares were up nearly 2% in recent Tuesday trade.

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