Mamba Exploration (ASX:M24) has secured a drilling contract with Base Diamond Drilling to assist on the Canary Uranium Project in the Athabasca Basin, Canada.
The program will comprise of 2,500m of drilling and is expected to kick off in early May 2024.
Executive Director Simon Andrew says getting a hold of a drilling contractor for Canary signals the start of an ‘exciting’ period for Mamba.
“With the support of Standard Uranium, our partner in the Canary Project, we have been able to secure a key service provider at a time when competition is rapidly increasing for service providers in the Athabasca Basin.”
Mamba has also secured other key logistical requirements including accommodation and helicopter support for the program.
The company notes further details regarding the drill program will be released to the market over the coming months.
Recently, Mamba entered into a binding agreement with Standard Uranium (TSX-V:STND) to acquire up to a 75% interest in the Canary project, which has previously uncovered a range of high priority drill targets on the project.
The Canary project comprises 2 mineral dispositions that covers a 73km-square area.
Historical drilling on Canary identified anomalous uranium, which, together with recently defined geophysical anomalies, suggests the project is ‘highly prospective’ for unconformity-style and basement-hosted uranium mineralisation.
Mamba Exploration is a Western Australian-focused explorer that holds 4 wholly owned assets that are considered prospective for gold, rare earths, copper, nickel, platinum group elements, and manganese.
Write to Aaliyah Rogan at Mining.com.au
Images: Mamba
