Marmota Ltd (ASX:MEU) (FRA:43M) non-executive director Neville Bergin has demonstrated faith in the company’s gold strategy with an on-market purchase of shares.
On June 21, Bergin acquired 330,000 shares valued at more than $13,500 in an indirect interest, marking his first purchase in the company.
Diamond drilling at Aurora Tank discovery
The company is set to kick off a diamond drilling program at the Aurora Tank gold asset in South Australia’s Gawler Craton near the Challenger Gold Mine.
The ASX-listed explorer expects to embark on a production-focused diamond campaign from the start of July after the discovery returned hits of up to 1-metre at 165 g/t gold in February.
Marmota intends to drill 14 diamond holes covering 1,000 metres in order to determine the best way to prepare Aurora Tank for production.
The upcoming diamond campaign is fully funded and will take roughly a month to complete.