- Mamba Exploration (M24) completes a detailed fixed loop electromagnetic (FLEM) survey over a high-priority southern VTEM target at its Black Hills project in WA
- The company is now modelling the data from the survey, with results expected in early January 2023
- Diamond drilling will follow after modelling has been completed, scheduled to commence in mid to late January 2023
- Shares in Mamba are trading at 14 cents at 1:35 pm AEDT
Mamba Exploration (M24) has completed a detailed fixed loop electromagnetic (FLEM) survey over a high-priority southern VTEM target at its Black Hills project in Western Australia.
Following a land access agreement signed by the company in August, the ground-based geophysical survey commenced on the southern high-priority VTEM target.
The survey has since been completed, with three detailed loops covering the conductors identified from an airborne EM survey.
“The detailed data collected will allow our geophysical consultants to model the area and identify the high-priority conductors that need to be drill tested,” Mamba Managing Director Mike Dunbar said.
“This modelling will be undertaken between now and early January allowing the diamond drilling to be commenced in mid to late January 2023.”
The project lies approximately 30 kilometres northeast of the Julimar deposit discovered by Chalice Mining, near the town of Bolgart in the Darling Range.
Shares in Mamba were trading at 14 cents at 1:35 pm AEDT.