Deeper drilling underway for the first time at exciting Moho-IGO gold exploration JV
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Special Report: Drilling is underway at the Crossroads gold-silver prospect, part of the Burracoppin project which is located within a gold-rich, but very underexplored, area of the Wheatbelt region of WA.
Moho has now earnt a 70 per cent interest in the tenement by spending the required $450,000 on early stage exploration.
The current RC drill program of 25 holes for 2,500m is targeting the extensions to previously defined shallow ‘bedrock’ gold and silver.
The RC drilling will be completed by early February, with results due back in March.
Three diamond holes for 600m will be drilled at locations “to be determined” after these RC results are received.
In June last year a shallow aircore drill program at Crossroads hit anomalous (low grade) gold-silver mineralisation, with up to 0.61 grams per tonne (g/t) gold and 5.53g/t silver in bedrock in ‘bottom of hole’ samples.
Significantly, the mineralisation is ‘open’ to the south, east and at depth and is located on the northern margin of a pronounced gravity low.
This gravity low may represent a felsic porphyry intrusion, Moho says.
Porphyries are a real prize for juniors, responsible for ~60 per cent of the world’s copper, most of its molybdenum, and significant amounts of gold and silver.
In November, Moho was awarded a co-funded drilling grant of up to $147,526 from the WA Government as part of its Exploration Incentive Scheme to test a potential intrusive mineral system at Crossroads.
Moho now plans to dial in on the source.
This article was developed in collaboration with Moho, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.