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Marmota secures Malbooma gold tenement in South Australia

Marmota Ltd. acquired the 178-square-kilometer Malbooma tenement near its Aurora Tank gold discovery and CAR gold prospect in South Australia.

The new tenement increased the company's holdings around the Challenger gold mine to over 6,150 square kilometers, it said Aug. 6.

The tenement covers the historical Malbooma gold mine, which reported historical average grades of 7.8 g/t gold and up to 22 g/t gold.