Coffee with Samso: The risk-reward myth of mineral exploration - Jon Hronsky
Geoscientist Jon Hronsky outlines his thoughts on mineral exploration and why it is not speculation.
Company
ASX:MOH
Moho Resources Ltd (ASX:MOH) is an Australian mining company focused on gold and nickel exploration at the Empress Springs, Silver Swan North and Burracoppin projects. The company considers Empress Springs in Queensland, which comprises three adjacent exploration permits with a total area of around 773 square kilometres, to have the potential for base metal mineralisation. Silver Swan North Project is around 50 kilometres northeast of Kalgoorlie and covers about 55 square kilometres within the gold-rich Kalgoorlie Terrane while Burracoppin further to the west is also prospective for gold.
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Geoscientist Jon Hronsky outlines his thoughts on mineral exploration and why it is not speculation.
The results from the survey will be used to orient and focus exploration towards finding new mineralisation in the Empress Springs project area.
The company will use the funds raised to advance its Silver Swan North Project and the Burracoppin JV Project in Western Australia.
The company is primarily focusing on bringing the high-grade East Sampson Dam Gold Project within the broader Silver Swan North Project into production.
Moho plans on formulating a resource model and a JORC mineral resource estimate during H1 2021 for East Sampson.
The master composite metallurgical test work is underway with the resource model and JORC mineral resource estimate targeted in the first half of 2021.
The current RC drill program of 25 holes of 2,500 metres is targeting extensions to the previously defined shallow bedrock gold and silver mineralisation at Crossroads prospect.
An expanded Phase 2 RC drill program of 45 holes for 3,850 metres to infill current resource drilling and test for mineralised extensions to the north and south has now completed.
The placement will fund exploration across the East Sampson Dam Gold Prospect and the Burracoppin Gold Project.
The halt will remain in place until the earlier of the start of normal trading on Friday, December 11, or when an announcement is released to the market.
The company believes new diamond drilling results are very positive and highlight the quality of preliminary modelling of mineralisation at Moho’s East Sampson Dam prospect.
The program will comprise 25 holes for 2,500 metres and three diamond holes for 600 metres to test lateral and vertical extensions of shallow gold-silver mineralisation defined in aircore drilling.
The company has now completed eight diamond holes for 652.7 metres.
The company has combined recent surface geochemical sampling with historical data to define drill targets.
Drilling will be increased from the six holes to up to 10 holes for about 750 metres of coring, which will be completed in late November.
Samso chats with CSIRO principal research scientist Dr Ryan Noble, who works in the Discovery Program that brings value and applied sciences to industries to discover more resources for Australia.
The company has completed hydrogeochemical sampling at its Empress Springs tenements as part of a Queensland Government Collaborative Exploration Incentive (CEI) program.
The company plans to drill seven diamond holes at East Sampson Dam prospect to provide essential information for a maiden gold mineral resource estimate.
The ‘Nickel Man’ provides some of his ideas about investing in mineral exploration companies and recommends sticking to the fundamentals.
The company plans to drill seven diamond holes to provide essential information for the maiden gold mineral resource estimate.