Moho Resources Ltd (ASX:MOH) has confirmed a broad geochemical gold anomalism through the southwest sector of the Silver Swan North Project from combined historical data and recent results from surface geochemical sampling.
The data has highlighted a continuous +25 parts per billion (ppb) gold anomaly extending 2.2 kilometres from the East Sampson Dam prospect (ESD) to north of the Tyrells prospect, as well as an area of significant gold anomalism on the newly acquired tenement under option M27/488 to the north of M27/263.
Infill sampling has also refined a +75 ppb historic auger soil gold anomaly, extending 1.4 kilometres along strike of the ESD gold prospect on Mining Lease M27/263.
“Walk-up drill targets”
The new data provides Moho with high-quality walk-up aircore drill targets, which is scheduled for quarter one of 2021.
Moho managing director Shane Sadleir said: “Moho is excited by the results of the extensive surface sampling program at Silver Swan North Project.
“Importantly the work has generated walk-up aircore drill targets which form an integral part of the company’s aggressive drive to locate additional gold mineralisation close to the East Sampson Dam gold discovery.”
Moho securities are trading 10% at 11 cents.
New Silver Swan North surface geochemistry parts per billion gold contours (source: Richard Carver).
Next steps
In addition to diamond drilling currently underway and the phase two RC drill program planned for quarter four 2020 at East Sampson Dam, Moho proposes to:
- Lodge Program of Works with DMIRS for aircore drilling across the extensive gold anomalous zone – Q4 2020;
- Undertake aircore drilling for gold over high priority geochemical and structural targets - Q1 2021; and
- Commission addition surface geochemical sampling across the Silver Swan North project in areas not previously sampled – Q2 2021.