Moho Resources Ltd (ASX:MOH) is making strong progress towards its goal of becoming a gold producer, with its two Western Australian projects generating considerable newsflow in the past two months.
Moho wholly owns the Silver Swan North Gold-Nickel Project, covering about 112 square kilometres northeast of the famed mining precinct of Kalgoorlie, and has a 70% holding in the Burracoppin gold joint venture project alongside IGO Ltd (ASX:IGO) (OTCMKTS:IPGDF).
Excitingly, Moho has just released a promising interim mineral resource estimate for the East Sampson Dam (ESD) prospect within the Silver Swan North project of 264,000 tonnes at 2.5 grams per tonne (g/t) of gold for 21,600 ounces at a cut-off grade of 0.5 g/t.
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Moho Resources outlines interim East Sampson Dam gold resource of 21,600 ounces with strong growth potential
A scoping study along with additional aircore and reverse circulation drilling programs are now in the works. With 70.2% of the resource in the indicated category there is scope to expedite mining.
Moho Resources Ltd (ASX:MOH) has released an interim mineral resource estimate for the wholly-owned East Sampson Dam prospect of 264,000 tonnes at 2.5 grams per tonne (g/t) of gold for 21,600 ounces at a cut-off grade of 0.5 g/t.
This provides strong growth potential with mineralisation open to the north, south and at depth, and the vast majority - 13,800 ounces or 70.2% - of the estimate is in the indicated category.
Moho Resources a rare opportunity as it focuses on near-term production and cashflow: Davide Bosio
The company has a suite of nickel and gold assets, only 50 kilometres from Kalgoorlie in Western Australia. The Moho team is made up of experienced practitioners with a good track record.
Shaw and Partners Ltd state manager David Bosio has highlighted an investment case for junior gold and nickel explorer Moho Resources Ltd (ASX:MOH) in a video interview with Proactive’s Andrew Scott.
Moho is focused on gold and nickel exploration at the Empress Springs, Silver Swan North and Burracoppin projects.
As bad management can kill a good project, conversely, good management can make a tough project succeed and with Moho, Bosio said the team was made up of experienced practitioners with a good track record.
Moho Resources Ltd continues process of drill-hole collation at East Sampson gold prospect proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.