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Mamba Exploration Ltd. ( (AU:M24) ) has provided an update.
Mamba Exploration has expanded soil sampling at its Meeka East Gold Project, confirming gold-in-sediments anomalies over more than 20km of strike and extending the 140’ Well trend as a southern continuation of Great Boulder Resources’ Mulga Bill system. The work has outlined multiple stratigraphic targets, notably at the Lady Maud prospect, where consistent elevated gold-in-soil values have defined priority drill locations.
The company plans an up to 50-hole reverse circulation drilling program, subject to heritage and regulatory approvals, to test the newly defined anomalies at 140’ Well, New Australian, Bella and Lady Maud. Support from Western Australia’s Exploration Incentive Scheme, which will co-fund up to $90,000 of the $180,000 drilling budget, underscores the project’s perceived exploration potential and could accelerate Mamba’s efforts to advance its regional gold footprint.
More about Mamba Exploration Ltd.
Mamba Exploration Limited is an Australian mineral exploration company focused on gold projects, with a key asset in the Meeka East Gold Project in Western Australia. The company targets gold-bearing sedimentary stratigraphy and structural trends, aiming to define drill-ready targets across underexplored ground in a region hosting established gold occurrences.
Average Trading Volume: 773,437
Technical Sentiment Signal: Sell
Current Market Cap: A$8.78M
Learn more about M24 stock on TipRanks’ Stock Analysis page.