Marmota Energy (ASX: MEU) is looking to establish a JORC Resource for the company’s Western Spur Iron Project in South Australia, with a geophysical data acquisition and reverse circulation drilling program planned.
The program will focus on testing the extent and quality of iron ore at depth, as identified in drilling completed by Western Mining Corporation in 1981.
Geophysical data acquisition will begin in June 2012, with drilling to commence in July.
An infill sampling program will be carried out across a high priority zone that has been targeted for drill testing, while high resolution ground gravity will test a zone with two large iron outcrops previously sampled by the company.
A total of 30 reverse circulation holes will be drilled, augmented by several diamond holes, to determine mineralisation style.
A targeted pilot bulk sampling program will assist in the understanding of the iron mineralisation and the product grades that could be achieved.
Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.