Mamba Exploration (ASX:M24) has uncovered 53 separate electromagnetic (EM) conductors from the final data of an airborne EM survey over its Copper Flats Project in Western Australia.
The conductors were identified from various EM channels, with 10 ‘high-priority’ co-incident mid- and late-time conductors discovered from the final data.
Mamba says none of the conductors corresponds with any surface geochemical response from a soil sampling survey completed in the 2022 field season over the area. According to the company, this supports the conclusion that the EM responses are from a bedrock source.
As a result of identifying so many conductors, Mamba has engaged Southern Geoscience Consultants to conduct a detailed review of the airborne EM data for the area to model the EM anomalies and recommend what further surface geophysical surveys should be undertaken.
Mamba says these potential surveys are likely to include either fixed-loop or moving-loop ground-based EM work over the highest-priority targets due to the size of the anomalies.
Further, the company reports a Conservation Management Plan (CMP) has been lodged with the Department of Biodiversity, Conservation, and Attractions to allow ground-disturbing activities to begin on the targets.
Mamba Exploration is an ASX-listed exploration company focused on its 4 wholly owned projects in Western Australia. These include the Ashburton/Gascoyne Project, Darling Range, Kimberley, and Great Southern projects.
The company had $1.4 million cash at hand as of 31 March 2023, according to its latest quarterly report published on 28 April.
Write to Aaliyah Rogan at Mining.com.au
Images: Mamba Exploration Ltd