Mamba Exploration Limited (ASX:M24) has intersected shallow high-grade gold mineralisation in follow-up drilling at the Calyerup Creek Project in the Great Southern district of Western Australia.
Of the first 14 holes completed in 2022, 13 intersected significant (+0.5 g/t gold) mineralisation, with results including 9m @ 2.5 g/t gold from 6m in 22CCRC004; 5m @ 1.11 g/t gold from 22m in 22CCRC002, 2m @ 2.2 g/t gold from 38m to end of hole in 22CCRC007, 5m @ 1.1 g/t gold from surface in 22CCRC011, 8m @ 0.8 g/t gold from surface, including 3m @ 1.47 g/t gold in 22CCRC003, 17m @ 0.65 g/t gold from surface, including 5m @ 1.32 g/t gold 20m in 22CCRC009 and 17m @ 0.6 g/t from 2m, including 4m @ 1.26 g/t gold in 22CCRC005.
RC drilling is continuing, with the initial programme expected to be completed in early March, and results expected early April.
“It is pleasing to report that following the shallow and consistent widths of high-grade gold mineralisation identified in seven of the initial eight holes drilled late last year, 13 of the following 14 holes also intersected significant mineralisation. Therefore, 20 of the 22 initial holes drilled have intersected significant mineralisation,” Managing Director, Mike Dunbar, said.
“This is an outstanding result given we are testing a soil anomaly and suggests that the mineralised system is far more extensive than first anticipated.
“The mineralisation now extends for over 350m east-to-west and remains open in all directions. Importantly we are still just ‘scouting out’ the lateral extent of the mineralisation with all the drilling within the top 40m of surface.
“No deep drilling is planned until we have confirmed the strike extent of the mineralisation. The drilling is ongoing, and the initial programme is anticipated to be completed in the next week, with results expected to be received early April.”
In addition to the ongoing RC drilling, a number of environmental surveys have been undertaken over the project. These surveys have concluded that the area does not host species of flora that are susceptible to Phytophthora Dieback. As a result, the expanded programme of work (PoW) is expected to be approved in the coming weeks, allowing the next phase of drilling to be undertaken prior to the southern winter rains.
For further information please visit: https://mambaexploration.com.au/
