Moho Resources enhances East Sampson Dam gold potential through expanded ground holding
A complete compilation of historical exploration data over new application and option tenements is on track for next quarter.
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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A complete compilation of historical exploration data over new application and option tenements is on track for next quarter.
Funds from the SPP will primarily be applied to advance exploration at the East Sampson Dam gold prospect near Kalgoorlie.
The diamond drilling program is mainly aimed at providing further structural, geotechnical and metallurgical definition.
Rooster Talk’s Margaret River Series marks the second anniversary of Samso and in this episode the focus is on the methodical approach being taken to exploration by Moho Resources.
The company’s focus is on advancing the next phases of exploration and development of the highly prospective East Sampson Dam prospect.
Moho believes that if a suitable gold resource is established, it could provide important cash flow for the company.
The company will approach toll treaters as the tests offer the confidence that ESD mineralisation is treatable through their mills under normal Goldfields operating conditions.
The tenement contains several auger geochemical gold anomalies, including the mineralised East Sampson Dam prospect.
A regional hydrogeochemical sampling program has started and an IP survey will begin shortly for sulphide minerals over Arrowhead and Yappar prospects.
Scoping study work is underway at the East Sampson Dam prospect, including infill RC and diamond drilling, and is planned to be completed in quarter one of 2021.
The success of an exploration program is directly related to the courage of the money and the skills of the technical team. What do you think?
The company has been notified by the Australian Taxation Office that its application to participate in the Junior Mineral Exploration Incentive scheme has been accepted with $1.05 million to be available.
Moho and IGO have formed an unincorporated joint venture for the purposes of exploring and, if warranted, developing and mining on E70/4688.
Drill samples have been submitted to SGS in Kalgoorlie for expedited fire assaying with results expected in August 2020.
The objective of the program is resource definition infill drilling to extend gold mineralisation intersected by Moho in September 2018 and October 2019 RC drill programs.
The RC drilling agreement covers a total of 40 holes for around 3,500 metres at the prospect.
Assays of individual 1-metre samples from maiden aircore drilling at Crossroads prospect show that mineralisation has been intersected in bedrock.
The granted mining lease covers a number of auger geochemical anomalies, including the highly mineralised East Sampson Dam prospect.
The Silver Swan North Gold Project is close to existing infrastructure and, if mineralisation is extended and a suitable gold resource established, could provide early cash flow.
In February, Moho confirmed significant gold results from drilling at the East Sampson Dam prospect within the Silver Swan North Project near Kalgoorlie in WA.