Moho hits unexpected high grade gold at East Sampson Dam
Link copied to
Special Report: Moho is hopeful of discovering further high-grade zones at its East Sampson Dam prospect after a diamond hole unexpectedly hit gold.
The hole that was drilled to explore the western preliminary Whittle pit shell area for geotechnical investigation purposes intersected four unexpected intercepts.
These include a 7m zone grading 4.78 grams per tonne (g/t) gold from 51m with a higher-grade interval of 1m at 22.2g/t gold from 53m, 5m at 8.01g/t gold from 59m including 1m at 23.5g/t gold from 60m and 2m at 6.91g/t gold from 77m.
Moho Resources (ASX:MOH) notes that the intersections extend previously discovered high-grade gold mineralisation into a new area.
“These unexpected diamond drilling results are very encouraging and highlight the potential to discover additional high grade gold zones at Moho’s 100%-owned East Sampson Dam prospect,” managing director Shane Sadleir added.
All assays from the company’s diamond drilling have been received and results are pending from the recently completed Phase 2 reverse circulation drilling program that was designed to infill current resources and test for mineralised extensions to the north and south.
Moho is reviewing downhole logging and diamond drill data this quarter to define structural controls on gold mineralisation and carrying out aircore drilling in the first half of 2021 on auger gold anomalies adjacent to and north of East Sampson Dam.
A resource model and JORC resource are also expected during the first half of the year.
The latest intercept follows up on previous drilling that returned up to 1m at 18.2 grams per tonne gold from 69m from a hole that was drilled to clarify high grade gold mineralisation previously intersected at East Sampson Dam.
These and other previous holes have highlighted the production potential of the prospect.
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.