Mamba Exploration Gears Up for Maiden Drilling at Meeka East Gold Project
Mamba Exploration (ASX:M24) is making significant strides towards its inaugural drilling campaign at the Meeka East gold project in Western Australia. The company is employing a sophisticated blend of modern exploration technologies and a thorough review of historical airborne surveys to pinpoint high-priority targets. This strategic approach is designed to maximise the potential of the project and provide a robust foundation for its maiden drilling program.
The company has recently acquired and meticulously interpreted historical airborne electromagnetic (AEM) geophysical data. Complementing this, Mamba has also successfully completed an extensive soil sampling program across the Meeka East project area. These integrated datasets, encompassing both geochemical and geophysical information, will be instrumental in guiding the upcoming drill program. The soil sampling initiative specifically targeted key areas including 140′ Well, New Australian South, Bella, and Lady Maud, regions identified as having significant gold prospectivity.
Matt Freedman, Mamba’s Executive Director, highlighted the value of the historical AEM survey. He explained that its interpretation has been crucial in defining additional targets. Notably, the survey has pinpointed areas exhibiting high conductivity, which remarkably coincide with identified geochemical gold anomalies. These promising zones are situated along the southern extension of Mulga Bill and within the Bella and New Australian South areas.
“We are incredibly excited to have recently concluded the planned major geochemical soil survey at the Meeka East gold project,” Mr Freedman stated. He elaborated that the primary objective of this program was to extend and validate the initial gold anomaly previously detected in the northern leases. Furthermore, the survey aimed to generate new anomalies in the southern sections of the project, potentially covering a substantial strike length of up to 23 kilometres.
Mr Freedman further emphasised the added value of the historical airborne EM data: “The additional information from the historical airborne EM survey adds another level of information and reinforces the model and extends the areas of prospectivity.” This integration of diverse datasets provides a more comprehensive understanding of the subsurface geology and the distribution of potential gold mineralisation.
The soil sampling program employed a precise methodology, utilising minus eighty mesh (170 micron) sieved samples of fine soil. These samples are slated for assaying through four-acid digests, followed by mass spectrometer analyses. This analytical technique boasts a highly sensitive detection limit of 0.1 part per billion (PPB) gold, enabling the identification of even subtle gold anomalies. Mr Freedman noted that this particular method has proven effective in detecting low-level anomalies that may be masked by transported cover, a common challenge in Western Australian exploration.
Mamba anticipates receiving the assay results and completing their interpretation in April. These findings will then be directly applied to the planning of the maiden drilling program. The company aims to commence drilling as soon as practicable, contingent upon the successful acquisition of heritage and regulatory approvals.
The Meeka East project is strategically located south of Great Boulder’s (GBR:ASX) highly prospective Side Well project, which boasts a resource of over one million ounces of gold. This proximity to a known gold-producing area further enhances the perceived potential of Mamba’s ground.
Mamba Exploration’s share price remained steady at 1.8¢ on the day of the announcement, reflecting the ongoing interest and anticipation surrounding the company’s exploration activities.
The information presented here is for informational purposes only and should not be construed as investment advice. Prospective investors are strongly encouraged to conduct their own thorough research and consult with a qualified financial advisor before making any investment decisions.
