Reported that the initial phase of drill testing of the Ambrosia palaeodrainages identified the presence of uranium in a number of holes. Several holes intersected lignites and carbonaceous sand. The carbonaceous black organic muds of probable Permain age were intersected in a number of holes in neighbouring traverses along the 43 km trough. An interval of at least 120 metres was identified in hole DBRM0111. Samples were sent for preliminary analysis returning results indicative of potential for oil. One sample from hole DBRM0110-15 offered a potential yield of 24.10 kg/tonne
October 8, 2007
Marmota will undertake a drilling program on the drill ready targets identified in
the main Mulgathing Trough area.
March 3, 2006
Reported that the completed airborne survey provided a clear picture of a potentially uranium-bearing palaeochannel at the prospect. The Company is presently evaluating new data to plan a drilling program.
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