Mamba Exploration fast-tracks plans to examine new Meeka East gold project

Mamba Exploration (ASX: M24) has moved quickly to obtain access to the Meeka East gold project in Western Australia, earlier this month entering a binding, conditional agreement to acquire a 70% interest in Meekatharra Minerals East.

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This week, the company executed an exploration and prospecting agreement with the local native title body on a framework supporting exploration across all 39 tenements within the Murchison Goldfields project.

Mamba’s executive director, Matt Freedman, told shareholders today that the agreement sets out procedures for communications, cultural heritage management, heritage surveys and site protection measures.

“We are very pleased to formalise this agreement with the Yugunga-Nya PBC. It establishes the foundations for a respectful and collaborative working relationship and ensures that future exploration is carried out in a culturally appropriate and responsible manner,” Mr Freedman explained.

He also added that Mamba is “looking forward to building a long-term partnership with the Yugunga-Nya People as our work programs progress.”

Mamba is now preparing to complete additional soil sampling across the full extent of the Mulga Bill trend extension at Meeka; that specific area demonstrates potential for a strike length of more than six kilometres.

A new program at the site will infill the recent soil sampling within the areas at the northern end of the project, within the Mulga Bill trend extension.

It will also focus on the Bella prospect and other areas of interest.

The tenements now added to Mamba’s portfolio include tenure contiguous with Great Boulder’s (ASX:GBR) Side Well project on the Mulga Bill trend extension. To support the move, Mamba received firm commitments from new supporters and investors and existing shareholders to raise $2 million.

It has also added experienced executive Matt Freedman to its team as a director and named well-regarded geologist Peter Schwann as a technical advisor.

Heading into Friday, M24 has been at 2.8cps.

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