Gold exploration underway at Mt Amy after Moab gets ‘boots on the ground’

Moab has started exploration at its Mt Amy gold project in WA’s Gascoyne region after executing a heritage agreement with Native Title holders.

Soil sampling to follow-up a historical 1km gold soil anomaly and an adjacent area of anomalous rock chip samples is currently underway.

Notably, these areas are located on the same controlling Nanjilgardy Fault structure for the Paulsens gold deposit about 35km to the southeast.

These areas were first identified by Sandfire Resources who held the project at the northern extent of the Ashburton Basin from 2005 and 2010.

Moab Minerals (ASX:MOM) managing director Malcolm Day said the company had moved quickly to start work at Mt Amy, which was granted on 24 October, after signing the heritage agreement with the PKKP Aboriginal Corporation.

Targets at Mt Amy

The historical exploration by Sandfire had identified a coherent gold in soil anomaly up to 1.0km long and 400m wide as well as gold-anomalous rock chip samples in adjacent areas.

This zone, which consists of Ashburton Basin sediments that are folded and deformed on a northwest trending axis and represents the northern continuation of the Nanjilgardy Fault corridor, was defined by a reconnaissance scale on lines 400m apart with 25m spaced samples on each line.

Moab intends to infill the existing sample coverage to 200m spaced lines in order to obtain more detail on the shape and consistency of the gold anomaly prior to making a decision to carry out drilling.

This article was developed in collaboration with Moab Minerals (ASX:MOM), 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.