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Marmota Limited ( (AU:MEU) ) has shared an announcement.
Marmota Limited has reported significant improvements in gold assay grades at its Aurora Tank project, using Bulk Leach Extractable Gold (BLEG) testing. The BLEG method, which mitigates the nugget effect by using larger samples, has revealed an average gold grade of 87 g/t, a 73% increase from the previously reported 50 g/t using traditional fire assays. This enhancement in testing precision is expected to bolster resource estimation confidence and validate previous high-grade gold findings, potentially strengthening Marmota’s market position in the gold mining sector.
More about Marmota Limited
Marmota Limited operates in the mining industry, focusing primarily on gold exploration and extraction. The company is known for its activities at sites like Aurora Tank, where it seeks to maximize gold yields through innovative testing methods.
YTD Price Performance: 42.50%
Average Trading Volume: 1,379,513
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$61.93M
For an in-depth examination of MEU stock, go to TipRanks’ Stock Analysis page.
