Special Report: Moho may have wrapped up the first phase of gold drilling at its East Sampson Dam prospect but there’s a significant pipeline of activity coming up.

The company has completed 16 holes totalling 1,426m in the first stage of drilling to infill and extend gold mineralisation like 5m at 10.36 grams per tonne gold that it intersected in 2018 and 2019.

Moho Resources (ASX:MOH) says samples from the drilling have been submitted to SGS laboratory in Kalgoorlie for fire assaying with results expected in August.

Managing director Shane Sadleir says the company is expediting the gold exploration programs and mining studies around East Sampson Dam as they are important steps for the company’s future development and growth.

The company moved to fast track activities at East Sampson Dam – part of the Silver Swan North project above 50km northeast of Kalgoorlie – after buying out Odin Metals’ (ASX:ODM) 30 per cent stake in June.

Its high-grade nature presents the potential for quick commercialisation, which could provide the company with cash flow to self-fund its exploration.

As such, it plans to complete a scoping study in the first quarter of 2021.


Busy times ahead for Moho

Before it gets to the scoping study, the company has a long list of work that it needs to compete.

In the second drilling stage, scheduled for the current quarter, Moho will sink 25 drill holes for a total of approximately 2,100m, followed by six diamond drill holes for a total of approximately 600m for geotechnical and metallurgical studies.

Preliminary metallurgical test work results are also expected in August.

Auger sampling of existing gold anomalies is planned for the East Sampson Dam prospect in late 2020 while air core drilling of auger gold anomalies and geophysical will also be carried out in the fourth quarter.

This activity will lead to a maiden JORC mineral resource statement at year end that will in turn feed into the scoping study.



This story was developed in collaboration with Moho Resources, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.