re: Ann: New gravity data further defines tar... Brief...

re: Ann: New gravity data further defines tar... Brief summary:

Sydney - Tuesday - February 16: (RWE Australian Business News) -
Marmota Energy Ltd (ASX:MEU) today announced "excellent results" from
its recently completed detailed gravity survey on the Melton iron oxide
copper gold (IOCG) project in South Australia.
A high-resolution ground gravity survey was completed on the
southern half of Marmota's project area to augment the findings of
"highly promising" aeromagnetic data recently acquired over key targets
on the company's two tenements.
The new high-resolution gravity survey, along with the magnetic
survey data, has assisted in drillhole selection on the five major
targets defined.
Results from the gravity survey provide subtle structural
information that has enabled a greater understanding of structure
interpreted from the magnetic data. The gravity survey has also provided
important density characteristics of each target.
Gravity data acquired over the North White Cliffs and Melton
target regions in the south of the Melton project are coincident with
and overlap the respective anomalies identified in the original
aeromagnetic data.
The results indicate an increase in the extent of the original
target regions. The extents of the Pine Point Fault and related
cross-cutting and parallel features have also been further defined.
Marmota interprets these features to be potentially important
fluid conduits during the mineralisation process.

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The most significant gravity anomaly was associated with the
'Miranda' magnetic target, which displayed the strongest and largest
gravity response, extending up to a 4km strike length.
Marmota believes this gravity response significantly improves
the IOCG potential of the Miranda target.
All three highest priority targets are adjacent to or along the
Pine Point Fault Zone (PPFZ), associated fault systems and/or fault
intersections.
The PPFZ is interpreted to be the controlling structure for IOCG
mineralisation south of Marmota's Melton project at Rex Minerals Ltd's
(ASX:RXM) Hillside prospect.
The two Marmota tenements (EL3911 and EL4000) comprising the
Melton project cover the northern extension of the Pine Point Fault and
contain a number of discrete magnetic and gravity features consistent
with copper-gold mineralisation elsewhere along the fault.
Marmota has completed access agreements with landholders within
the target areas, paving the way for the timely execution of its
exploration programs.
Maiden drilling to test the first three of the five targets
identified by Marmota is due to start in the final week of this month.
During this initial drill program, Marmota will achieve its 50pc
earn-in on the Melton project while joint venture partner Monax Mining
Ltd (ASX:MOX) can elect to start contributing to the program to preserve
its equity interest.