Moho Resources Ltd (ASX:MOH) has received $686,000 as a refundable tax offset for eligible research and development (R&D) expenditure conducted across its prospective projects during the 2019-2020 financial year.
These projects include Silver Swan North and Burracoppin in Western Australia as well as the Empress Springs Project in Queensland.
The company has actively progressed R&D programs in conjunction with CSIRO, Curtin University and external consultants as part of its overall exploration strategy to improve and refine its mineral discovery processes.
Diamond drill spinning at Crossroads
Moho started a maiden diamond drilling program at the Crossroads prospect within the Burracoppin Gold JV Project on May 20.
The four-hole coring program of around 600 metres has been designed to follow-up mineralisation intersected in a January 2021 RC drilling program with the drill hole layout determined using an analysis of multi-element geochemistry, geophysics and gold assay values.
Transported cover and clays of the saprolite down to the top of fresh rock will be drilled HQ size (61mm in diameter) and deeper fresh rock by NQ size (47 mm diameter).
This will maximise core recovery and minimise direct drilling costs whilst enabling the collection of quality lithological, structural and geochemical data.
The program is partially funded by the WA Government as part of its Exploration Incentive Scheme to test a potential intrusive-related gold mineral system at the Crossroads prospect.