The company’s Aurora Tank project recently underwent promising shallow drilling that revealed bonanza grade gold hits including 50g/t, 34g/t and 29g/t.

Drilling at Aurora now totals more than 60,000m, in comparison to Campfire Bore where only 10,000m of drilling to date has exposed 109,000 ounces of near-surface gold.

Campfire Bore is just 30km east of Aurora Tank near the historical mining town of Coober Pedy in SA’s Gawler craton.

When included with the broader Golden Moon JV area and the existing shallow gold resources – all within 100m of surface – Marmota’s aspiration to move as quickly as possible to establish a gold production hub potentially looks plausible.

Its very first program at Campfire Bore has delivered some impressive early results from the initial 86 RC drill holes for some 11,690m and stage-2 drilling is just over the horizon with the company wasting no time in expanding its promising footprint.

As gold prices continue above $4,000 per ounce, Marmota will no doubt look to quickly capitalise on market conditions, deploying its aggressive exploration strategy in the hope it can set the stage to become SA’s next low-cost gold producer and another notch on the belt of the rich Gawler Craton.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au