Marmota Limited · ASX:MEU
Marmota — South Australian Exploration and Mining Conference 2018
20 slides from Marmota's conference presentation, Dec 7, 2018
Slide 1: Aurora Tank Gold Discovery
Aurora Tank For personal use only Gawler Craton Aurora Tank Gold Discovery South Australian Exploration and Mining Conference 2018 Aaron Brown, Senior Geologist ASX: MEU
Slide 2: Aurora Tank: How it was… Sept 2016
Aurora Tank How it was … Sept 2016 For personal use only 2
Slide 3: Aurora Tank: 1 year later… Sept 2017
Aurora Tank 1 year later… For personal use only Sept 2017 3
Slide 4: Aurora Tank: And today… Nov 2018
Aurora Tank And today … For personal use only Nov 2018 4
Slide 5: Gold Discovery at Aurora Tank 100% owned
GOLD DISCOVERY at Aurora Tank 100% owned • Aurora Tank is situated 50km NE of the Challenger gold mine • In September 2016, Marmota commenced its first drilling program at Aurora Tank For personal use only • More than 178 intersections greater than 1g/t gold, all close to the surface, including: 5
Slide 6: First visible gold from diamond core, March 2018
For personal use only Aurora Tank First visible Gold March 2018 From Diamond Core 6
Slide 7: Aurora Tank Gold First Metallurgical Testwork
Aurora Tank Gold First Metallurgical Testwork Cyanide Leach Tests Yield 94% to 97% gold recoveries For personal use only Gold Recoveries (in %) vs Leach times in hours (for the 3 test samples) 7
Slide 8: Aurora Tank Biogeochemistry
For personal use only Aurora Tank Biogeochemistry ASX: MEU
Slide 9: Biogeochemical Exploration
Biogeochemical Exploration ASX: MEU Sampling of plant tissue for For personal use only chemical assay • Advantages • Low impact • 2 people by foot or quad bikes • Rapid sampling • 60 - 90 samples per day • Cost competitive with soil or calcrete analysis • Depth penetration of roots • Arid zone, drou
Slide 10: Biogeochemical Exploration: Goshawk Trial
Biogeochemical Exploration ASX: MEU Goshawk Trial For personal use only Plant samples collected over 3 zones of mineralisation • High-grade • Moderate Grade • Lower Grade Total of 54 samples collected • Unable to sample all planned locations due to clearing • 2 species sampled • Acacia anuera (Mulga
Slide 11: Biogeochemical Exploration Results
Biogeochemical Exploration ASX: MEU Results For personal use only • Elevated Au in Acacia and Senna Leaves • Good Au in plant samples over zones of better mineralisation • Low Au in plant samples over zones of weaker mineralisation • Elevated Au in plant samples collected outside Au in calcrete anom
Slide 12: Biogeochemical Exploration: Goshawk Extended Trial
Biogeochemical Exploration: Goshawk ASX: MEU Goshawk Extended Trial For personal use only • Aims • Better understanding of response over varying depth to Au • Generate new Au targets not present in calcrete geochemistry • Sampling complete • Total 383 plant samples • 294 Acacia • 89 Senna 12
Slide 13: Biogeochemical Exploration Results
Biogeochemical Exploration ASX: MEU Results For personal use only • No plant sampling possible in some areas due to clearing • Elevated (red) and anomalous (purple) Au in plant samples over portions of known mineralisation • Anomalous Au Senna and Acacia near recent 4m @ 72 g/t Drill intercept outsi
Slide 14: CAR Prospect, Gawler Craton
CAR Prospect For personal use only Gawler Craton Gawler Craton CAR Prospect
Slide 15: Location of CAR Prospect
Location of CAR Prospect For personal use only 15
Slide 16: CAR Prospect Background
CAR Prospect Background • One of Marmota’s most interesting prospects is the CAR Prospect. For personal use only • Located by infill calcrete sampling around a gold-anomalous hole (CAR 84) drilled in 1991 in the TTBDP. • The prospect is located near the contact of Gawler Range Volcanics, Hiltaba Gra
Slide 17: CAR Prospect Gold-in-Calcrete Distribution
CAR Prospect For personal use only Gold–in–Calcrete Distribution The calcrete gold distribution at CAR is nicely coherent, and has an interesting shape possibly representing a mineralised Hiltaba suite intrusive. 17
Slide 18: 2018 Recon AC Holes on Magnetic Image
2018 Recon AC Holes on Magnetic Image For personal use only • 20 out of 23 holes drilled intersected gold mineralisation 18
Slide 19: Cross-section at A-B
Cross-section at A-B For personal use only 19
Slide 20: Disclaimer
Disclaimer Disclaimer This presentation has been prepared by Marmota Limited (“MEU”). The information contained in this presentation is a professional opinion only and is given in good faith. Certain For personal use only information in this document has been derived from third parties and though ME
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