Mamba flags large gold anomaly at Ashburton project

Auger drilling late last year at Mamba Exploration’s Ashburton Gold Project in WA has identified a large gold anomaly around historical workings.

The anomaly at the Lyndon Bettina Prospect measures around 300m by 200m and includes gold anomalism of up to 36ppb gold – more than 15 times the background gold level of around 2 ppb gold.

Historical drilling and rock chip sampling of the workings identified high grade mineralisation including rock chips of 46.5 g/t from quartz veins within the workings and RC drill results of up to 4m at 21.5 g/t gold

And the company has confirmed these high grades, with rock chip samples returning up to 36.5 g/t gold.

That’s encouraging

Mamba Exploration (ASX:M24) MD Mike Dunbar says the anomaly is of considerable size that warrants RC drill testing.

“To identify an anomaly with up to 15 times the background level of gold is encouraging,” he said.

“Additionally, to confirm the historical high-grade sample results with our own rock chip sampling provides additional support for the target.”

RC drilling planned mid-year

The company plans to kick off RC drilling mid-year, with priority given to drill targets at its Calyerup Creek gold project in the Great Southern where drilling is already underway.

“Having recently identified high-grade, consistent, shallow widths of gold mineralisation at Calyerup Creek in the Great Southern, and now identifying a significant gold target at Lyndon in the Ashburton complements our strategy of choosing projects that support continued news flow by having some that can be explored in the summer months and others that can be explored in winter,” Dunbar said.

“The Calyerup Creek Gold Project is currently being drilled, while the Lyndon anomaly will be RC drill tested in the winter months when access to the Calyerup Creek will be restricted due to the winter rains.”

Targeting 4 x 4

The company’s projects in the Ashburton and Great Southern are prospective for gold while its Kimberley and Darling Range projects are prospective for base metals such as copper, nickel, PGE’s and manganese.

To date, it has kicked off three out of four, and Dunbar says airborne geophysics will be completed at the remaining Kimberly project this year.

“We are very encouraged that exploration completed on three of our four projects in 2021 has resulted in the definition of significant drill targets which will all be drilled in the coming months,” he said.

“The remaining project in the Kimberley is due to be refined with airborne geophysics during the 2022 field season.”

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.