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Mining

Moho Resources progressing exploration across gold projects

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.

Moho Resources Ltd (ASX:MOH) progressed exploration at its Silver Swan North and Burracoppin gold projects in Western Australia during the March quarter.

Drilling at East Sampson Dam on the Silver Swan North Gold Project showed that gold mineralisation extends 25 metres north and south and is open along strike.

High-grade results include:

  • 2 metres at 12.33 g/t from 88 metres including 1-metre at 22.8 g/t from 89 metres;
  • 15 metres at 4.71 g/t from 88 metres including 3 metres at 15.18 g/t from 100 metres;
  • 2 metres at 17.0 g/t from 73 metres;
  • 5 metres at 10.36 g/t from 59 metres including 2 metres at 24.61 g/t from 56 metres;
  • 9 metres at 4.28 g/t from 19 metres including 3 metres at 3.37 g/t from 19 metres and 1-metre at 24.3 g/t from 25 metres; and
  • 11 metres at 3.11 g/t from 65 metres including 1 metre at 17.7 g/t from 72 metres.

Moho is targeting the completion of a scoping study in early quarter three of 2020, however, the infill RC and diamond drilling underway is subject to disruption from COVID-19.

JORC resource pending

CSA Global has been engaged to undertake geological modelling of gold mineralisation at the East Sampson Dam project so that an appropriate level of JORC mineral resource can be defined.

This resource will provide a firm basis for planning optimum mining, gold recovery operations and financial outcomes for input into the scoping study and is expected to be released later this quarter.

Moho tenement interest in relation to regional geology of Silver Swan North Project.

Burracoppin drilling completed

During the quarter, Moho completed its first aircore drill program to follow up gold and arsenic anomalies on Crossroads prospect at the Burracoppin project.

A total of 37 reconnaissance aircore holes were drilled for 1,576 metres with bedrock gold intersected up to 0.21 g/t and 0.96 g/t in 4-metre composites with two holes ending in greater than 0.1 g/t.

Fire assays for samples are underway.

An infill gravity survey over the Crossroads anomaly will be undertaken this quarter and the company is planning the next phase of drilling.

Empress Springs exploration grant

Moho was awarded a grant of $112,000 by Queensland’s Department of Natural Resources, Mines and Energy for a regional hydrogeochemical sampling program in partnership with the CSIRO as part of the state government's Collaborative Exploration Incentive (CEI) program.

The funds will enable the company to sample and comprehensively analyse waters beneath the cover rocks from existing water bores spread throughout its 11 Empress Springs tenements.

CSIRO technology

The CSIRO will contribute their technology and considerable background data on water sampling and analyses in the region and provide the equipment, training and supervision for the sampling program.

Chemical analyses will be performed by or under the direction of the CSIRO with the resulting data assessed by Moho and CSIRO using computer machine learning technology.

The field and analytical program is expected to begin when coronavirus travel restrictions are lifted.

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