Special Report: Moho Resources has gained a clearer picture of its Burracoppin gold project in WA ahead of reconnaissance drilling that will start in late November.

Auger assays have identified a second gold soil anomaly about 5km south and along strike from the Crossroads anomaly.

Moho Resources (ASX:MOH) said the new Golden Hind anomaly, which is about 1km long and 100m wide, is situated within a pronounced aeromagnetic low suggestive of magnetite destruction (a potential sign of a mineralising system) along the interpreted Tampia shear zone.

The company added that a re-examination of the assays at the Crossroads anomaly had resulted in the correction of an earlier processing error.  A clearer map of the distribution of the anomalous results has now emerged that has also increased Moho’s confidence in the significance of the anomaly.

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“The latest exploration results are very encouraging for Moho. The planned aircore drill program to test the highly anomalous Crossroads prospect for bedrock gold mineralisation has the potential to significantly advance our Burracoppin project,” managing director Shane Sadleir said.

The 30-hole reconnaissance aircore drilling program will begin once the program of works is approved by the Western Australian government. This is expected to be undertaken between late November 2019 and February 2020.

Moho will also drill more auger holes to the north, east and west of the Crossroads anomaly.

Additionally, a program of regolith assessment and orientation soil sampling across the anomalies at Burracoppin has indicated that the regolith at the project appears to be suitable for soil sampling.

The company plans to make a decision on soil sampling once the assays and regolith assessment have been received and reviewed.

Soil sampling will allow Moho to accelerate exploration as it does not require a program of works and is also cheaper and has a faster turn-around compared with auger sampling.

Burracoppin is located within a gold-rich area of the Wheatbelt region of WA. Ramelius’ hungry 80,000oz per annum Edna May gold mine is only 22km to the east, while its 460,000oz Tampia deposit through its takeover of Explaurum in April this year is located about 140km to the south.

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Read more: Moho drills to uncover a 460,000oz Tampia deposit analogue at Burracoppin



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.