Mamba Exploration Limited (ASX:M24) has discovered sulphide mineralisation in the first hole at the Black Hills priority target in Western Australia.
Visual logging has been completed on the first hole and has identified multiple zones of disseminated sulphide mineralisation.
Managing Director, Mike Dunbar, said samples for the priority portion of the hole have been submitted to the laboratory in Perth for analysis, and results are expected to take around three to four weeks to be received.
“We are very pleased to announce the discovery of sulphides within the first hole drilled at the Black Hills priority EM and magnetic target.
“To intersect sulphide mineralisation within the right rocks with the first hole is an excellent result and reinforces our strategy of de-risking the drilling by as many independent targeting methods as possible.
“It is very encouraging that the EM response from the VTEM has NOT been from a stratigraphic source but rather appears to be from sulphides within a mafic / ultramafic intrusion identified in the northern portion of the Black Hills tenement.
“The significance of the sulphide mineralisation is yet to be fully understood, however with the samples already submitted into the laboratory for analysis and the downhole EM that is planned for this week the significance will be better understood in the next few weeks.”
For further information please visit: https://mambaexploration.com.au/
