Moho Resources Ltd (ASX:MOH) has completed a regional hydrogeochemistry borehole, waterbore sampling program and detailed IP survey at the Empress Springs Joint Venture Project in Far North Queensland with results pending.
The project with prospectivity for precious and base metals is a farm-in joint venture with IGO Newsearch Pty Ltd, a wholly-owned subsidiary of IGO Ltd (ASX:IGO).
Managing director Shane Sadleir said: “Moho is keenly awaiting the results of the regional hydrogeochemical sampling and the Yappar IP survey, both of which have which the potential to focus future exploration and find additional mineralisation beneath cover rock sequences at Empress Springs.”
Hydrogeochemistry sampling program
Moho was awarded a grant of up to $112,000 for the Empress Springs project in February, as part of the Collaborative Exploration Incentive (CEI) program by the Queensland Government and administered by the Department of Natural Resources, Mines and Energy (DNRME).
The CEI grant was used for a borehole hydro-geochemistry study in collaboration with the CSIRO.
Funds enabled Moho to sample and comprehensively analyse waters beneath the cover rocks from 33 existing water bores spread throughout Moho’s 11 Empress Springs tenements and was completed in September 2020.
Samples have been sent to various laboratories in Australia and overseas for comprehensive analysis.
Metal analyses and other local analytical results are expected in November and gold and isotope results are expected in early 2021.
Moho’s tenements at Empress Springs Project in relation to regional geology.
IP Survey of Yappar prospect
During August 2020 Fender Geophysics completed a detailed offset dipole-dipole ground Induced Polarisation (IP) survey over the Yappar Prospect.
The survey was conducted on existing tracks to traverse drill holes at the prospect which discovered anomalous gold-silver-zinc-lead-copper mineralisation in 2018 and 2019 drilling.
Results from the Yappar IP survey are expected in November, with the goal to identify anomalies that could provide a vectoring tool in locating additional mineralisation.
The IP survey proposed at the Arrowhead Prospect could not be undertaken due to a bushfire outbreak and has been rescheduled for quarter two 2021.
Empress Springs interest
On January 30, 2019, Moho met the initial earn-in on the tenements at Empress Springs and elected to proceed with the exploration to earn an additional 19% interest in the tenements in accordance with the Empress Springs Letter Agreement.
In February 2019 Moho applied for additional highly prospective ground, mostly adjacent to the Empress Springs Project which falls under the same conditions as the initial Empress Springs tenements.