Drilling at Mamba’s Black Hills project just 30km east of the famed Julimar PGE-nickel-copper-cobalt-gold deposit is off to a rousing start with sulphides intersected in the first hole.

Visual logging of 21BHRC001 identified multiple zones of disseminated sulphide mineralisation within the high priority electromagnetic and magnetic anomaly, which is interpreted to extend for around 750m northeast to southwest and extend to a depth of around 400m.

Mamba Exploration (ASX:M24) has submitted samples from the hole to the laboratory in Perth for analysis and expects results back in three to four weeks.

Drilling is continuing with two more holes planned while an ultra-detailed drone magnetic survey has been completed over the intrusion.

“We are very pleased to announce the discovery of sulphides within the first hole drilled at the Black Hills priority EM and magnetic target,” managing director Mike Dunbar noted.

“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 company has also secured a downhole EM team to survey all completed holes this week.




This article was developed in collaboration with Mamba Exploration, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.