Diamond drilling has confirmed the gold potential of Crossroads and hinted at the potential for other types of mineralisation. Pic: Getty
Moho drilling firms up gold potential of the Crossroads prospect
Mining
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Moho has both enhanced the prospectivity and improved its understanding of the Crossroads prospect after completing a four hole diamond drill program.
The program, which was co-funded by the Western Australian government’s Exploration Incentive Scheme, was carried out to obtain high-quality core, reconciling rock type and geochemical zones identified by earlier reverse circulation drilling, and identify the orientation and nature of structures controlling the mineralisation.
Moho Resources (ASX:MOH) noted that three of the holes had numerous intercepts of +0.1 grams per tonne (g/t) gold, confirming previous RC drilling, while significant silver mineralisation was identified in three holes.
Bedrock gold mineralisation remains open to the north, west and at depth.
Notably, the company’s consultant geochemist found that the general grade and nature of the diamond intersections confirms previous RC drilling with a +50m thick anomalous gold zone confirmed on the western side of the Crossroads prospect.
Potential exists for further gold discoveries as large areas of anomalism remain untested with a prioritised drill program recommended to test outstanding auger gold anomalies.
“We’re very pleased with the outcome of the diamond drilling which has enhanced the gold prospectivity at Crossroads,” managing director Shane Sadleir said.
“The silver anomalism is intriguing and suggests that other styles of mineralisation may be present in the area.
“The geochemical review reinforces the gold prospectivity and provides sound guidance for our future drilling activities around the Crossroads prospect.”
Future activity
Moho plans to carry out follow-up aircore drilling around the Crossroads prospect.
It also plans to commence first pass geochemical sampling across E70/5739 and await hylogger spectral data from diamond drilling for interpretation and review.
The company also plans to follow-up stream sediment geochemical targets.
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.
