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Mamba Exploration Identifies Ashburton / Gascoyne REE Targets

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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

 

Mamba Exploration Defines Calyerup Creek Mineralisation

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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:

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

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

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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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@mambaexploration.com.au

 

Web: www.mambaexploration.com.au