Mamba Exploration Defines Calyerup Creek Mineralisation

THE DRILL SERGEANT: Mamba Exploration (ASX: M24), on the eve of the RIU Sydney Resources Roundup, reported results drilling at the company’s Calyerup Creek project in the Great Southern of Western Australia.

Mamba Exploration said the RC drilling intersected shallow high-grade gold mineralisation, identifying mineralisation on each drill line across the southern gold trend the company had spotted from earlier soil sampling.

The results extended mineralisation from 350 metres as reported in March, to over 500m along strike and to a maximum vertical depth of around 35m.

The mineralisation remains open along strike and at depth.

Final assay results include:

6m at 1 gram per tonne gold gold from 2m;

5m at 0.8g/t gold from 7m, and 7m at 0.7g/t gold from 17m; and

12m at 0.7g/t gold from surface.

“It is pleasing to report that shallow and significant widths of gold mineralisation have been intersected on each of the drill lines completed across the southern gold trend,” Mamba Exploration managing director Mike Dunbar said in the company’s ASX announcement.

“To intersect significant mineralisation in the initial drilling over a strike length of more than 500 metres and to a maximum vertical depth of 35 metres is an excellent start to exploration in the region.

“The mineralisation remains open in all directions.

“Now that mineralisation has been confirmed over a substantial strike length, the next round of RC drilling has been planned to extend the mineralisation at depth and further along strike.

“Preparation for the drilling is well advanced with a PoW approved by DMIRS and environmental surveys confirming there are no impediments to drilling.

“A heritage survey has been commissioned and should be completed in late May or early June, allowing drilling as soon as the winter rains abate.

“While access to our southern projects is limited during winter, our exploration efforts will shift to the Copper Flats project in the Kimberley and the Ashburton gold project.”