Moho Resources has aircore drilling underway at gold prospects adjacent to East Sampson Dam
The company believes the area could host further gold mineralisation to that already identified at East Sampson Dam. Aircore drilling in progress at Hodges prospect within Silver Swan North Project.
Moho Resources Ltd (ASX:MOH) has started an aircore drilling program at the Tyrells and Hodges prospects immediately north of the East Sampson Dam (ESD) gold deposit within the Silver Swan North Project, Western Australia.
The drill program is targeting gold anomalism identified by an auger soil program.
Moho has planned about 8,000 metres of aircore drilling to test a 2.5 kilometres long zone of gold anomalism to the north of ESD.
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.