Mamba Exploration: Completes drilling program at Calyerup Creek gold project

Mamba Exploration Completes drilling program at Calyerup Creek gold project

  • Mamba Exploration (M24) has completed initial drilling of 56 shallow reverse circulation (RC) holes at its Calyerup Creek gold project in Western Australia
  • The program of works for the next phase of exploration has been approved, allowing for 110 holes of follow-up drilling to be undertaken within a four-year period
  • An activity notice has been sent to traditional land owners, with a heritage survey planned within the next eight weeks
  • The company expects to start follow-up drilling before winter
  • Shares were trading down 6.67 per cent at 14 cents
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...

FCA Launches Pop-Up ATM to Warn Customers of Investment Scams

New initiative aims to educate the public on investment fraud risks. Highlights:FCA introduces a pop-up ATM to combat...

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...