Mamba Exploration (ASX:M24) - Managing Director, Mike Dunbar
Managing Director, Mike Dunbar
Source: Mamba Exploration/Twitter
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  • Mamba Exploration (M24) defines mineralisation over 500 metres of strike at the Calyerup Creek Gold Project in Western Australia
  • The final results have been received from the company’s reverse circulation drilling program which saw mineralisation extend from 350 metres to over 500 metres
  • Additionally, Mamba has completed first pass shallow aircore drilling on the northern trend with anomalous zones of mineralisation intersected in initial composite samples
  • Resampling of the anomalous zones is currently in progress, however, given the eight to 12 week turnaround time, results are not expected for some time
  • Mamba is steady on the market with shares trading at 13 cents

Mamba Exploration (M24) has defined mineralisation over 500 metres of strike at the Calyerup Creek Gold Project in Western Australia.

The company’s recently completed reverse circulation (RC) drilling program identified significant mineralisation on each drill line across the southern gold trend.

The final results received from the RC drilling have extended the mineralisation from 350 metres to over 500 metres with a maximum vertical depth of around 35 metres. The mineralisation remains open at depth and along strike.

The better final results include six metres at one g/t gold from two metres, five metres at 0.8 g/t gold from seven metres and seven metres at 0.7 g/t gold from 17 metres.

“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,” Managing Director Mike Dunbar commented.

“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.”

Additionally, Mamba has completed first pass shallow aircore drilling on the northern trend with anomalous zones of mineralisation intersected in initial composite samples.

Resampling of the anomalous zones is currently in progress, however, given the eight to 12 week turnaround time, results are not expected for some time.

Mamba was steady on the market with shares trading at 13 cents at market close.

M24 by the numbers
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