| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Mamba Exploration Ltd |
| Project name: | Calyerup Creek |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 15m @ 2.2g/t Au from 1m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Mamba Exploration Limited (ACN 644 571 826) (‘Mamba’, ‘M24’ or the ‘Company’) is pleased to announce that the initial drilling at the Calyerup Creek Project in the Great Southern of Western Australia has interested shallow high-grade gold mineralisation. Of the first 8 holes completed, 7 intersected significant (+0.5 g/t gold) mineralisation with results including 15m @ 2.2 g/t gold from 1m downhole, including 3m @ 3.53 g/t gold in 21CCRC002; 15m @ 2.08 g/t gold from 3m downhole, including 2m @ 9.74 g/t gold in 21CCRC007; 16m @ 1.05 g/t gold from 18m downhole, including 3m @ 2.58 g/t gold in 21CCRC003; and 2m @ 2.7 g/t gold from surface and 11m @ 1.38 g/t gold from 7m downhole in 21CCRC004 (see Figures 2-6 and Table 1 for the full list of significant intersections and Table 2 for drill hole information). RC drilling is due to recommence on Friday the 21st of January with the remaining 42 RC holes from the initial programme to be completed. In addition to the RC drilling, a programme of infill soil sampling was also completed in December 2021. This programme was designed to infill the existing soil sampling dataset and to better define the anomalous gold trends identified which extend for a total of 2,800m. This programme was a great success, identifying significant extensions to the mineralisation while also better defining the anomalous gold trends. |
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