Mamba has struck more sulphide at its Black Hills target in WA after intersecting multiple zones of mineralisation within the second RC drill hole.

The intersection of more zones of disseminated to blebby sulphide mineralisation is intriguing to say the least and has led the company to change up its drill program to better understand what it is seeing.

Mamba Exploration (ASX:M24) will now complete the third hole early in 2022 – a diamond hole to recover complete core samples – which will provide detailed geological and structural information.

The company has also completed downhole electromagnetic surveying on the first two holes with data processing underway.

“After intersecting sulphides in the first hole, it is pleasing to be able to announce the discovery of multiple zones of sulphide mineralisation within the second hole drilled at the Black Hills priority EM and magnetic target,” managing director Mike Dunbar said.

“It is encouraging that we have intersected poly-phased (mixed) sulphides which appear to be magmatic in origin. There are multiple zones with interstitial disseminated to blebby sulphides within a mafic / ultramafic intrusion, which is an indication of a fertile intrusion with magmatic sulphides.”

He added that the significance of the mineralisation is yet to be fully understood and the company is waiting on assay results, which will take several weeks thanks to the ongoing backlog at the laboratories.




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.