Moho Resources Ltd (ASX:MOH) has received additional and ‘unexpected’ high-grade gold assay results from recently completed diamond drilling at the East Sampson Dam (ESD) gold prospect within the Silver Swan North Project in WA's Goldfields region.
The program, which was designed to infill and extend gold mineralisation on M27/263, has returned an additional four gold intersections for diamond drill hole SSMH0100, outside known mineralised zones.
These predominantly ‘high-grade’ gold intersections appear to extend high-grade mineralisation previously discovered in MRC008, SSMH0067 and SSMH0091 into new areas with new mineralisation found in saprolitic tuff with minor quartz veining and is in line with previous observations of there being no visible high-grade gold in the drill core.
New assays.
Managing director Shane Sadleir said: “These unexpected diamond drilling results are very encouraging and highlight the potential to discover additional high-grade gold zones at Moho’s 100%-owned East Sampson Dam prospect.”
Phase-2 assays expected shortly
A total of eight diamond drill holes have explored several interpreted structures that Moho believes may be controlling the distribution of gold mineralisation at ESD.
An understanding of the distribution of these structures has assisted field crews during the current reverse circulation (RC) drill campaign to identify and delineate them, which could lead to further gold mineralisation discoveries from assay results awaited from the phase-2 RC drilling.
Phase-2 of the infill resource RC drill program has now finished and assays are anticipated in January and February 2021 due to extensive delays at Perth assay laboratories.
This final drill program of 45 RC holes (3,850 metres) was designed to infill the current resource drilling density at East Sampson Dam as well as test for mineralised extensions to the north and south where it remains open.