Mamba strikes early, secures EM over red

Mamba Exploration will kick off the exploration program at its Darling Range project, near Chalice Mining’s Julimar discovery, in March.

The Mamba (ASX:M24) program will begin with a VTEM Max helicopter-based electromagnetic survey, and will test the nickel-copper-platinum group element project which sits between Chalice’s (ASX:CHN) Julimar and recent strong EM conductors detected by Pursuit Minerals (ASX:PUR).

The project also adjoins Mandrake Resources’ (ASX:MAN) Jimperding project, where recent EM identified a number of strong conductors – some of which appeared to trend into Mamba’s landholding.

Needless to say, it’s exciting ground to be EM surveying.

The Mamba program will cover all prospective targets identified from regional magnetic datasets and will be flown using 200m spaced lines and a loop height of 35m.

It was delayed by a week after Pursuit Minerals decided to extend their survey after finding a number of strong conductors on its Calingiri East tenement, 10km east of M24’s Black Hills tenement.

Mamba managing director Mike Dunbar said the company had hit the ground running on its project suite, having only listed earlier this month.

“At Darling Range, we are pleased to have been able to secure an EM crew to undertake the VTEM survey in such a short timeframe,” he said.

“With increased exploration activity in the area and the recent exploration success of our neighbours, our ability to secure field crews to undertake the geophysical surveys is a great result.”

Mamba strikes early, secures EM over red-hot region — EM conductors identified by other companies in the vicinity of Mamba’s Black Hills, Mistake Creek and Batty Bog tenements which make up the Darling Range project. Pic: Supplied.

Additional licence application

Mamba has also applied for an additional exploration licence at its Calyerup Creek gold project in WA’s Great Southern.

The move will expand the project around 9km to the south and covers the margin of a granite and a north-south trending mafic and sedimentary package of metamorphic rocks.

Drill planning for this project is well advanced, with a 2500m RC campaign in the pipeline. This drilling is expected to take place as soon as approvals and a rig are secured.

Mamba has previously expressed its excitement around Calyerup Creek, which contains historical gold workings and several exciting targets the company plans to systematically test.

Darling Range and Calyerup Creek are the two focus projects for Mamba in its initial stages, though the company’s Ashburton and Kimberley projects will receive exploration attention during the June quarter, when the field season allows more work in the north of WA and restricts work in the southern regions.

Ashburton is prospective for gold, and Kimberley is prospective for sedimentary-hosted copper and silver mineralisation, along with intrusive related nickel and copper deposits.

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.