Marmota Energy Limited
We intend to continue growth through a two-pronged approach of:
discovery and resource definition on existing key projects with a focus on financial returns and building shareholder value; and
identifying and investing in advanced exploration opportunities with emphasis on potential near-term production and revenue capability.
Marmota is continuing to maximise its discovery opportunities through the application of leading edge exploration techniques in our project areas.
High resolution gravity data and airborne electromagnetic (AEM) surveys have successfully mapped prospective geology along palaeochannels and defined potential IOCGU targets.
Marmota's tenement interests cover in excess of 10,000 square kilometres in the Gawler and Curnamona Cratons.
News
Australian Market Report of March 17, 2011 includes: Marmota Energy Limited (ASX:MEU) announced significant iron and manganese results from its Western Spur Project in South Australia; ElDore Mining Corporation Limited (ASX:EDM) has acquired a 100% interest in the Baita Copper mine in West Romania; Kangaroo Resources Limited (ASX:KRL) signed a 300,000 tonne coal sales contract with PT Bayan Resources (JAK:BYAN) (PINK:BYRSF); Matsa Resources Limited (ASX:MAT) announced high grade Fe results from Dundas Magnetite Project.
Marmota Energy (ASX:MEU) is an Australian based mineral exploration company operating in the mining friendly state of South Australia. Marmota is an established multi commodity explorer focused on developing uranium, precious and base metal mining projects with the objective of becoming an independent minerals producer.
Australian Market Report of January 27, 2011 includes: Universal Coal plc (ASX:UNV) makes strategic coking coal expansion acquisition in South Africa; Marmota Energy Limited (ASX:MEU) received significant iron results in South Australia; African Iron Limited (ASX:AKI) intersected further significant DSO Iron Mineralisation in Congo; Chesser Resources Limited (ASX:CHZ) received further high grade gold results in Turkey.
Australian Market Report of October 21, 2010 includes: Moly Mines Limited (ASX:MOL) signed an iron ore sales agreement with China; Uranium Equities Limited (ASX:UEQ) confirms high uranium grades at Nabarlek Project in Northern Territory; Marmota Energy Limited (ASX:MEU) commenced drilling at Angel Wing Gold Project in USA; Metaliko Resources Limited (ASX:MKO) has commenced a 21 hole reverse circulation drilling program at its Anthill Gold Project in Western Australia.
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