Next Investors logo grey

Marmota to drill 10 new gold targets in July


Published 12-JUN-2018 10:00 A.M.


1 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

South Australian mining exploration company Marmota Ltd (ASX:MEU) today released promising news in relation to its recently discovered portfolio of 10 new gold-in-calcrete anomalous zones.

These anomalous gold zones are situated on MEU's tenements surrounding the Challenger gold mine, which has produced more than 1.2 million ounces of gold over its life.

MEU will conduct its first reconnaissance drill test program of up to 10 targets in July - just a few weeks from today. Each of the zones were found to have consistent significant zones of gold-in-calcrete anomolism.

None of the 10 zones that MEU is about to drill have been drill tested, highlighting the potential of the work that is about to commence.

The potential is speculative at the moment and investors should take all publicly available information into account before making an investment decision with regard to this stock.

MEU recently discovered high grade gold at Aurora Tank about 50km north east of Challenger.

This round of drilling is just the beginning for MEU and the 6000 square kilometres of ground it holds around Challenger.

You can read an in-depth account of MEU on the Next Mining Boom (a related entity of S3 Consortium).

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.