Mamba extends gold trends at Calyerup Creek to more than 2,800m
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Recent soil sampling has upgraded the historical anomalies at Mamba’s Calyerup Creek gold project in the Great Southern region of Western Australia.
Mamba Exploration (ASX:M24) collected 1,253 soil samples and identified two significant gold trends that each extend for more than 1,400 metres from west to east in the southern portion of E70/4998.
The Southern gold trend now extends for more than 1,400m with a peak soil sample of 1,927 ppb (1.9 g/t) gold, numerous +100 ppb gold results, plus a high-grade zone which extends more than 400m (double the historical strike length).
And the Northern gold trend extends for more than 1,400m and remains open to the east, and returned a peak soil result of 1,735 ppb (1.7 g/t) gold.
“The recent geochemical sampling has significantly improved the historical soil anomalies,” Mamba managing director Mike Dunbar said.
“To identify two soil trends with gold grades of up to 1.9 g/t from the southern trend and 1.7 g/t from the northern trend is an excellent result.
“Additionally, to have the higher grade (+100 ppb gold) core of the southern trend extend for over 400m, significantly larger than the footprint of the historical shallow southern workings, highlights the potential of the system.”
Mamba plans to investigate these trends further, with infill and extensional sampling planning in late Q3/early Q4 after the winter rains.
Dunbar said that a revised drilling program based on the new data will be completed in Q4.
“This program is now expected to be completed in the December quarter after follow-up soil sampling and a detailed flora and fauna survey has been completed,” he said.
“Meanwhile, the company is also continuing to progress the Darling Range, Ashburton and Kimberley exploration projects, with project updates for each of the other projects expected in the coming weeks.”
This article was developed in collaboration with Mamba Exploration Limited, 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.