Moho gets its mojo on at Peak Charles REE project
Originally pegged as a gold-nickel project, Moho Resources’ Peak Charles has transformed itself into a highly prospective REE endowment, with drilling showing significant intersections of clay-hosted mineralisation.
Moho Resources’ (ASX:MOH) Phase 2 AC drill campaign at the project, 88km northwest of Esperance in WA, completed 47 holes for 1673m at an average 39m hole depth, targeting the E74/695 tenement to test the continuation of the clay-hosted rare earths mineralisation between three different previously identified prospects.
Moho encountered the same regolith profiles as it did in the Phase 1 drilling campaign, suggesting to the explorer there’s well-developed clay host for potential REE mineralisation.
Drilling was carried out along road reserves and existing tracks at a 400m hole spacing and drilled to refusal at the base of the clay profile.
Infill holes at the Northern Track and several holes at the Rollond East prospect were abandoned due to wet ground conditions.
Also, planned reconnaissance drilling program for the Gimli prospect on E63/2163 had to be abandoned for the same reason – however Moho was able to collect surface geochemical samples over the Gimli radiometric anomaly for analysis.
Assays have been sent off to the lab for analysis, and Moho is hoping they will return with the same high grades of total rare earth oxides (TREO) it did before, where it intersected grades of up to 1,800ppm at the Top Block prospect area and 3,300ppm at Rollond Road East.
“This campaign at our Peak Charles project gives Moho another step forward in creating value for the company within this burgeoning Esperance district,” Moho MD Ralph Winter said.
“Metallurgical samples taken will also advance the analysis and understanding of the rare earth extraction rates from the clay hosts, which will put the company in an advantageous position amongst up and coming rare earth explorers.”
Moho is continuing to analyse its exploration data and will decide on its next actions based on the results of the assays.
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.