Marmota Completes Target Four Review, Program Design for Restart Program at South Australia Uranium Project, Shares Rise 7%

MT Newswires Live

03/25

Marmota (ASX:MEU) said the target four review and program design for the restart program at the Junction Dam uranium project in South Australia was completed using state gravity imagery, which identified a priority target area, according to a Wednesday Australian bourse filing.

An interpreted palaeochannel extension within Marmota's tenement is untested and could be up to 3.7 kilometers in strike length. Around 24 drill holes were planned to test the priority palaeochannel target, and 15 drill holes were planned to test an area of interest.

Its shares rose 7% in recent trading on Wednesday.

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