High-grade hits keep coming for Moho at East Sampson Dam
Moho Resources has identified more high-grade gold zones during drilling at its East Sampson Dam prospect near Kalgoorlie in Western Australia.
Moho (ASX:MOH) uncovered what it describes as further encouraging high grade gold results from the assays at the prospect, located within its Silver Swan North project, and said they gave further confidence to its work in the region.
Highlights reported this morning include:
The results were reported from the phase 2 reverse circulation drilling program carried out at East Sampson Dam as part of Moho’s resource definition studies, which aimed to infill and extend the known mineralisation at the project.
Moho managing director Shane Sadleir said the assays are an important addition to the known mineralised zones at the prospect.
“The new information, in combination with the ongoing structural control interpretation and geological modelling by Moho’s geologists and consultants, provides further confidence that the prospect has the potential to generate a suitable gold resource which could provide important cash flow for the company,” he said.
Additional RC assay results are still to come from the program.
Master composite metallurgical testwork and geotechnical reporting on diamond core are currently underway, as Moho works towards a resource model and JORC mineral resource estimate in the first half of the year.
In the first quarter of 2021, MOH will collate phase two RC drill data with downhole density and structural data and refine its understanding of the structural controls on gold mineralisation and build a new geological model of the prospect.
The company plans to complete metallurgical sighter testwork with master composite analysis in Q2 and will also undertake aircore drilling of historic auger gold anomalies to the north of East Sampson Dam in the first half 2021.
East Sampson Dam is located close to existing gold processing facilities and mining infrastructure, sitting around 50km northeast of Kalgoorlie.
The company is also awaiting assays from the Crossroads prospect at its nearby Burracoppin gold-silver discovery where a maiden RC campaign was recently completed.
Burracoppin is a joint venture, with major miner Independence Group (ASX:IGO) holding a 30% stake.
This article was developed in collaboration with Moho Resources, 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.