Moho expands gold drilling on promising observations
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Special Report: Moho is expanding diamond drilling at the East Sampson Dam gold prospect on the back of encouraging observations in the holes drilled to date.
The company noted that encouraging alteration styles, veining and structures have been observed in the five holes drilled to date near gold mineralisation located by previous reverse circulation (RC) drill holes.
Moho Resources (ASX:MOH) says it has decided to expand the current program from six holes up to 10 holes with about 750m of coring.
This expanded drill program is expected to be completed in late November with the company noting that while turnaround time at Perth assay laboratories have lengthened considerably recently, it expects to receive first results shortly.
It added that a second phase of resource definition RC drilling of up to 40 holes will be undertaken in the current quarter.During the quarter, Moho will also compile and interpret surface geochemical analytical data across the Silver Swan North project area near Kalgoorlie, Western Australia.
It will then carry out aircore drilling over geochemical and structural targets north of East Sampson Dam in the first quarter of 2021.
The diamond drilling program is designed to underpin the maiden gold resource estimate at East Sampson Dam.
It will obtain drill core for metallurgical test work, gather data in high-grade gold zones for understanding of structures controlling the mineralisation for resource modelling and explore the extent of the proposed pit area to provide geotechnical information for Whittle Pit modelling.
Additionally, core obtained from drilling will be used to refine the geology and the ESD geological model, which will then feed into resource modelling.
First phase RC drilling had returned consistent shallow gold mineralisation with top results of 1m at 8.5 grams per tonne (g/t) gold from a depth of 51m, 1m at 5.7g/t gold from 89m within a broader zone of 5m at 1.76g/t gold from 88m and 1m at 7.51g/t gold from 63m.
Moho had previously flagged its interest in bringing East Sampson Dam into production quickly due to its proximity to established mine infrastructure and gold processing facilities.
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.