MEU 2.63% 3.7¢ marmota limited

Barton Gold IPO

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    What great power play by Doctors Rose and Wills to make Marmota the new owners of the Jumbuck Project . This is very interesting now because in the Barton Gold IPO presentation early November 2020 they show on their JORC list the Western Gawler Craton JV which relates to the Jumbuck (Tyranna Resources TYX ) leases . It makes up about 35% of the JORC of Barton's total resource . They are planning for listing on the ASX in the 2nd quarter of 2021 so I presume that Marmota Ltd will be part of the Joint Venture after today . It shows the Jumbuck tenements contributing 319,000 oz @ 1.1 au . Barton intends to have the Challenger mill at the ready by the listing date so it seems that the JV resource will be used by Barton Gold and Marmota will be generating an early income . Bartons other JORC mines are about 132 k from the Challenger Mill so it makes sense to use the JV resource first which are only 50K away . That's what it appears to be so that is a major boost for the Marmota shareholders. The timing would be perfect now to disclose the JORC at Aurora Tank and get that into production as well . Maybe Barton will be looking to keep the production figures up and could also approach Marmota for a JV at Aurora Tank. So many possibilities now and what a great day for Marmota Ltd.

 
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