Marmota Ltd (ASX:MEU) (FRA:43M) executive chairman Colin Rose has demonstrated his faith in the company’s gold-copper-uranium strategy with the purchase of shares in an on-market transaction.
Rose acquired almost 1.817 million shares in a direct interest between June 21 and June 23 with a total value of $72,466.
He now owns more than 95.9 million shares in that interest with a further 851,316 shares in another interest.
Aurora Tank diamond drilling
The company is readying to kick off diamond drilling 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