Moho extends footprint at the East Sampson Dam gold prospect
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Special Report: Moho is adding highly prospective ground that has a history of alluvial gold production to the East Sampson Dam prospect of its Silver Swan North project.
The company has signed an option to purchase a granted mining lease and six prospecting licences that cover 6.6sqkm, expanding the Silver Swan North project up to 103sqkm.
Moho Resources (ASX:MOH) noted that the granted mining lease contains historical gold intersections and shafts in quartz porphyry similar to East Sampson Dam and also extends the potential gold prospectivity of East Sampson Dam-Tyrell’s Zone.
“Moho’s recent ground acquisitions represent a significant addition of highly prospective tenements to the Silver Swan North project, most of which have seen no modern gold exploration,” managing director Shane Sadleir said.
“It is worth noting that all of the option tenements have a history of significant alluvial gold production.”
The company has recently completed a surface soil geochemical sampling program over its granted tenements at Silver Swan North and plans to extend this to cover the option tenements in October.
Particular attention will be given to testing whether the anomalous gold within East Sampson Dam-Tyrells corridor extends into a 2km zone through the option mining lease and prospecting licence.
Moho’s technical team is also carrying out evaluation work to locate and review historical drillhole information across the option tenements including some significant historical gold results by Mt Kersey Mining on the granted mining leases.
Other work to be carried out include the compilation of historical exploration data over the new application and option tenements during the fourth quarter.
Surface geochemical sampling will also be carried out over its application tenements once they are granted.
The company recently kicked off a six hole, 600m drill program at East Sampson Dam for further structural, geotechnical and metallurgical definition work.
Additionally, test work designed to replicate the toll milling facilities in the surrounding Kalgoorlie region has yielded 95.6 per cent and 95.9 per cent overall gold recovery with conventional cyanide leaching.
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.