Mamba Exploration (ASX:M24) has announced initial drilling over the previously identified clay REE (rare earth elements) target has intersected significant widths of mineralisation in 20 of the initial 22 holes completed at the Hyden REE project.
Mamba Exploration says the project has nine exploration licenses covering 1,316?, located about 300km east of Perth in the Western Australian Wheatbelt.
The company highlighted wide zones of 54m @ 758ppm TREO (total rare earth oxides) from surface, 43m @877ppm TREO from 8m, and 30m @938ppm TREO from 8m.
It also says each of the intervals contain higher grade core zones of mineralisation of grading over 1,000ppm TREO over significant widths, with results up to 3,607ppm TREO identified.