MEU 1.39% 3.7¢ marmota limited

Ann: Exploration Update - Junction Dam Project , page-2

  1. 300 Posts.
    re: Ann: Exploration Update - Junction Dam Pr... The stand out thing on top of the high grades is
    When making a geographic size
    comparison with Honeymoon, Marmotas Saffron
    prospect is now more than double in strike lengt




    Marmota has earned a 51% interest in the uranium
    rights on this highly prospective project and is set to
    earn an additional 24.5% interest for the uranium
    rights on Junction Dam, at the completion of the
    current phase of drilling.
    Continued high grade results of this nature are
    extremely significant as they confirm the Company�s
    belief that results achieved to date are analogous
    with the mineralisation model at the nearby
    Honeymoon Uranium Mine.
    Drilling completed in recent weeks has confirmed
    mineralisation within the zone highlighted by the
    red circle in the adjacent figure. This further extends
    the strike length of the Saffron prospect to
    approximately two kilometres, open to the north
    and south. When making a geographic size
    comparison with Honeymoon, Marmota�s Saffron
    prospect is now more than double in strike length.
    At the completion of the Phase 2 drilling, Marmota
    will assess all drill results as part of its program to
    outline the extent of potential mineralisation at
    Junction Dam over the coming year.
    Figure 1: New extension to zone of mineralisation
    confirmed
 
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