Solid move since I mentioned it a few days ago from 18 to 19...

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MajorJohnny

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19/01/22

20:48

Post #: 58988935
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Originally posted by MajorJohnny: ↑

M24 Been trading mostly around a $12 million market cap. 60.9 Million shares on issue. Top 30 at 53.5 %.
Well funded with well over $ 4 million. Initial RC drilling at Calyerup Creek has intersected multiple shallow high-grade zones of gold mineralisation. The 8 holes completed include:
15m @ 2.20 g/t gold from 1m, including 3m @ 3.53 g/t in 21CCRC002
o 15m @ 2.08 g/t gold from 3m, including 2m @ 9.74 g/t gold in 21CCRC007
o 16m @ 1.05 g/t gold from 18m, including 3m @ 2.58 g/t gold and 1m @ 2.74 g/t
gold from 43m to EOH in 21CCRC003
o 2m @ 2.70 g/t from surface and 11m @ 1.38 g/t gold from 7m in 21CCRC004
o 10m @ 1.34 g/t gold from 20m in 21CCRC005
o 2m @ 2.59 g/t gold from 19m in 21CCRC00
In total, 50 holes are planned at Calyerup Creek, with drilling of the remaining 42 RC holes
due to recommence on 21st of January.Mamba Exploration Limited (ACN 644 571 826) (‘Mamba’, ‘M24’ or the ‘Company’) is pleased to announce the discovery of sulphide mineralisation in the first hole (21BHRC001) at the Black Hills priority target. Black Hills target Samples have already been submitted to the laboratory for analysis.Also Osbourne Well and Lyndon tenements , Darling Range Nickel Copper and PGE Project ground Em results to come in the near term. Risk vs Reward is pretty impressive imo.

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Solid move since I mentioned it a few days ago from 18 to 19 cents to 24 cents since , market cap still only around $ 14 million. Good announcement this week. It seems some are unaware that Black Hills Target is around 30km North-East of the Julimar PGE-Ni-Cu-Co-Au deposit discovered by Chalice Mining ( CHN around $3 billion markets cap ). Black Hills target Samples have already been submitted to the laboratory for analysis. Also Osbourne Well and Lyndon tenements , Darling Range Nickel Copper and PGE Project ground Em results to come in the near term.
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0 Great analysis

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