Marmota (ASX:MEU) uncovered gold from a recent drill program at the Aurora Tank deposit in South Australia, according to a Wednesday filing with the Australian bourse.
The program extended known mineralization at the deposit, with yields of up to 8 meters at 20.6 grams per tonne (g/t) grade of gold from 32 meters, including 4 meters at 36.9 g/t gold from 32 meters, the miner said in the filing.
Marmota's shares rose almost 6% at market close on Wednesday.
Price (AUD): $0.04, Change: $+0.0020, Percent Change: +5.56%
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