Mamba Exploration Limited (ASX:M24) has obtained promising results from the reprocessing of Ashburton / Gascoyne regional radiometric data in WA.
The reprocessing and rebalancing of the thorium radiometric data have highlighted at least eight distinct anomalies within the company’s Ashburton / Gascoyne Project tenements located in the upper Gascoyne region of Western Australia.
Recent exploration activities and discoveries made in the region by others (including Dreadnought Resources and Kingfisher Mining) has highlighted the potential of the region for multiple styles of mineralisation including REE mineralisation.
A review of the radiometric data over these discoveries has identified that they have an associated radiometric (thorium) signature. As a result, the company reprocessed and rebalanced the regional data over the region. This highlighted at least eight discrete anomalies within our tenements which will be visited early next month and the potential of the area will be assessed with the use of a pXRF. “The Gascoyne has long been the ‘forgotten’ part of the mineral endowment of Western Australia,” Managing Director, Mike Dunbar, said.
“Thanks to the recent discoveries in the region made by Dreadnought and Kingfisher, this has finally changed, and we are pleased that the potential is starting to be recognised.
“Our tenement package, which covers approximately 610 sq. km, was secured in 2020 as part of our IPO on the belief that the potential of the area could host significant discoveries, which appears to be being vindicated.
“We are pleased to announce that the reprocessing of the radiometric data has identified at least eight discrete anomalies that warrant follow up. As a result, the field team will be traveling to the project in the next few weeks with our pXRF to test these targets.”