Mamba Exploration Identifies Ashburton / Gascoyne REE Targets

THE DRILL SERGEANT: Mamba Exploration (ASX: M24) reported identification of new rare earth element (REE) targets within the company’s Ashburton / Gascoyne project tenements located in the upper Gascoyne region of Western Australia.

Mamba Exploration identified the targets via reprocessing of Ashburton / Gascoyne regional radiometric data.

The reprocessing highlighted at least eight distinct anomalies within the project tenements.

“The Gascoyne has long been the ‘forgotten’ part of the mineral endowment of Western Australia,” Mamba Exploration managing director Mike Dunbar said in the company’s ASX announcement.

“Thanks to the recent discoveries in the region made by Dreadnought and Kingfisher, this has finally changed, and we are pleased that the potential is starting to be recognised.

“Our tenement package, which covers approximately 610 square kilomteres, was secured in 2020 as part of our IPO on the belief that the potential of the area could host significant discoveries, which appears to be being vindicated.

“We are pleased to announce that the reprocessing of the radiometric data has identified at least eight discrete anomalies that warrant follow up.

“As a result, the field team will be traveling to the project in the next few weeks with our pXRF to test these targets.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.mambaexploration.com.au