Moho fast tracks further drilling at East Sampson Dam
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Special Report: Moho (ASX:MOH) is powering ahead with a 40-hole program to extend previously intersected gold mineralisation at its East Sampson Dam prospect.
The first phase of 15 holes in its third reverse circulation (RC) drilling program will begin in July to follow up on the gold intersections made during its second program in October 2019.
This program returned results including 2m at 24.61 grams per tonne (g/t) gold inside a larger 5m intersection grading 10.36g/t, 54m from surface.
Results above 5g/t are generally considered to be high grade.
The second phase is scheduled for September to coincide with aircore drilling of existing auger geochemical anomalies in peripheral areas of the main mineralised zone at East Sampson Dam.
Six diamond holes will also be drilled to generate samples for further metallurgical testwork and structural and geotechnical studies.
The execution of the drilling agreement with Blue Spec Drilling comes a week after the company committed to acquiring the remaining 30 per cent interest in East Sampson Dam from Odin Metals (ASX:ODM).
East Sampson Dam is a key part of Moho’s Silver Swan North project near Kalgoorlie and has the potential to deliver early cash flows.
Moho also plans to carry out infill auger sampling to further delineate the geochemical anomalies prior to carrying out phase-two RC and aircore drilling.
The company expects to receive preliminary metallurgical test work results in the third quarter, while a maiden resource is scheduled for release in the December quarter.
A scoping study is due for completion in the first quarter of 2021.
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