Moho drills to uncover a 675,000oz Tampia deposit analogue at Burracoppin
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Special Report: Moho Resources is finally getting ‘boots on the ground’ at Burracoppin — an exciting, underexplored project neighbouring some regionally significant gold deposits.
In 2015, Moho Resources (ASX:MOH) inked a farm-in joint venture with major miner Independence Group (ASX:IGO) over tenement E70/4688, part of the 126sqkm Burracoppin project in the wheatbelt region of WA.
Moho can earn up to 70 per cent interest in the tenement by spending $450,000 on exploration.
But what’s so special about this project, exactly?
This is a gold rich region – Ramelius’ 80,000oz per annum Edna May gold mine is 10km to the east, while the 675,000oz Tampia deposit, recently acquired by Ramelius in a hotly contested bidding war, is to the south.
And there’s some key similarities between Tampia and Burracoppin, which share the same gold-rich shear zone.
After observing that gravity high anomalies were successfully used at Tampia to target gold deposits, consultants CSA Global suggested the same approach could work at Burracoppin.
With the gravity anomalies extending out to the west the Company also more than doubled its land holding in the area by pegging E70/5154 an additional ~160km2of ground around the gravity highs.
The 675,000oz Tampia was also discovered through gold anomalies and associated pathfinder elements in stream sediment and soil sampling.
Moho has also identified gold anomalies and associated pathfinder elements at Burracoppin – the difference is that the Burracoppin gold anomalies haven’t been drill tested yet.
But that’s about to change.
A new program of ~878 shallow auger holes is underway, focussed on a number of these gravity and gold-in-soil anomalies Moho had previously identified.
The explorer hopes to report initial assay results in mid-to-late September, ahead of a deeper air core drill program in the fourth quarter this year.