Australia's Marmota rises after drilling finds high-grade gold

By Reuters News

** Shares of Marmota MEU.AX rise as much as 12.3% to A$0.082, hitting its highest since September 14

** Diversified miner announces first assay results at Greenewood project in South Australia

** Co says 15 out of 84 sections are already yielding multiple contiguous high-grade gold intersections starting close to surface, with thick wide intercepts extending deeper to fresh rock

** 3.1 million shares traded, 1.4x the 30-day average volume

** Stock down 39.2% YTD, including moves in current session

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