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.
IGO (ASX:IGO) share price lifts on latest updates
Marc Sidarous | April 23, 2021 4:48pm |
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IGO Ltd(ASX: IGO) share price spent all day firmly in the green today. At the close of trade, shares in the mineral exploration company were swapping hands for $7.13, up 2.5%.
Let’s take a closer look at today’s news and what it means for the IGO share price.
IGO offloads Tropicana investment
In a statement to the ASX, IGO advised it has sold its 30% stake in the Tropicana Gold Mine to
Regis Resources Limited(ASX: RRL). The sale was pending confirmation from Tropicana majority owner,
Moho Resources encouraged by maiden RC drill results at Crossroads gold prospect
Moho Resources Ltd s (ASX:MOH) Ralph Winter talks Proactive through results from maiden RC drilling at the Crossroads gold prospect of the Burracoppin Project that show extensive gold mineralisation. Best assays include 1-metre at 7.48 g/t gold from 92 metres in bedrock and 8 metres at 0.47 g/t from 51 metres in supergene. He says diamond drilling planned for early May will provide key information on structural, lithological and geochemical controls on bedrock mineralisation.
Quick facts: Moho Resources Ltd
Price: 0.08 AUD