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Marmota up 13.6% to 5c so far today after news it has made a a formal fully-funded $1.3m offer to acquire Tyranna's Jumbuck Gold Project, which is located immediately adjacent to MEU ground.

Terms of the offer are:

[ATTACH=full]103479[/ATTACH]

A previous offer for the Jumbuck Gold Project was made by Syngas Limited in October 2019. That offer was for $950,000, although clearly with the gold price having improved significantly since then, the increase in the offer price makes obvious commercial sense. MEU have come in over the top of SYS with a much more attractive offer to sweeten the deal.

Previous results from the Campfire Bore Gold Prospect at Jumbuck reported shallow high grade gold intercepts.

[ATTACH=full]103480[/ATTACH]

Obviously a lot more drilling needs to be done but there is clearly a lot of potential there.

<blockquote data-quote="greggles" data-source="post: 1072626" data-attributes="member: 94">Marmota up 13.6% to 5c so far today after news it has made a a formal fully-funded $1.3m offer to acquire Tyranna&#039;s Jumbuck Gold Project, which is located immediately adjacent to MEU ground.Terms of the offer are:[ATTACH=full]103479[/ATTACH]A previous offer for the Jumbuck Gold Project was made by Syngas Limited in October 2019. That offer was for $950,000, although clearly with the gold price having improved significantly since then, the increase in the offer price makes obvious commercial sense. MEU have come in over the top of SYS with a much more attractive offer to sweeten the deal.Previous results from the Campfire Bore Gold Prospect at Jumbuck reported shallow high grade gold intercepts.[ATTACH=full]103480[/ATTACH]Obviously a lot more drilling needs to be done but there is clearly a lot of potential there.</blockquote>

[QUOTE="greggles, post: 1072626, member: 94"] Marmota up 13.6% to 5c so far today after news it has made a a formal fully-funded $1.3m offer to acquire Tyranna's Jumbuck Gold Project, which is located immediately adjacent to MEU ground. Terms of the offer are: [ATTACH=full]103479[/ATTACH] A previous offer for the Jumbuck Gold Project was made by Syngas Limited in October 2019. That offer was for $950,000, although clearly with the gold price having improved significantly since then, the increase in the offer price makes obvious commercial sense. MEU have come in over the top of SYS with a much more attractive offer to sweeten the deal. Previous results from the Campfire Bore Gold Prospect at Jumbuck reported shallow high grade gold intercepts. [ATTACH=full]103480[/ATTACH] Obviously a lot more drilling needs to be done but there is clearly a lot of potential there. [/QUOTE]

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