Key Points • Re-assay of residue samples from the original 800m...

Key Points
• Re-assay of residue samples from the original 800m October 2015 sampling repeats
exceptional gold-in-calcrete assays.
• Re-assay of residue samples from the December infill sampling repeats low results.
Background
• In October 2015, Marmota’s calcrete sampling (on 800m grid) at Westpoint Hill
identified exceptional gold-in-calcrete anomalous assay results of 70ppb to 107ppb.
These high gold-in-calcrete results (107ppb, 80ppb and 70ppb) were re-assayed and
verified by the laboratory in October 2015.
• In December 2015, Marmota undertook and completed a detailed infill calcrete sampling
program at Westpoint Hill [ see ASX:MEU 24 Nov 2015 ] [ see Fig. 3 ].
The infill assay results [ ASX:MEU 17 Feb 2016 ] appear statistically inconsistent with the
earlier assay results for the target area, received from the same laboratory, and reported
to the ASX in October 2015. In particular, the new results did not return anomalous gold
occurrences in or around the previously reported significant gold-in-calcrete anomalies.
• Marmota has acted to verify the above laboratory results.
Verification
Marmota has initiated a number of avenues of investigation:
1) The scope for contamination of samples in the field or at the Laboratory;
2) An urgent re-assay of a subset of the residue samples from both October 2015 and the
December Infill program, by 2 different methods;1
3) Engaged an independent Geochemist to review data from both sampling programs and
new data; and
4) Collection of duplicate field samples for selected samples for analysis at an independent
laboratory.