Moho locks in more high-grade gold hits at East Sampson Dam
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High grade gold assays from the final holes of Moho’s Phase 2 RC drilling at its East Sampson Dam prospect bode well for the upcoming Mineral Resource Estimate to be conducted by mining consultant CSA Global.
This includes a top result 1m grading 43.5 grams per tonne (g/t) gold from 64m within a broader 6m intersection at 11.03g/t gold from 62m in a new high grade gold zone.
Better – it’s a high grade zone that has a projected extension about 20m to the north which has not been drilled.
Potential also exists for further drilling to find more gold given that mineralisation at the prospect remains open to the north and south.
“The latest RC drill results extend gold mineralisation down plunge at the southern end of the prospect and highlight the potential to discover additional gold mineralisation at the northern end of the prospect,” Moho Resources (ASX:MOH) Managing Director Shane Sadleir said.
Moho added that the Phase 2 drilling has been successful in finding new mineralisation and clarifying the extent and tenor of gold mineralisation at the prospect.
It expects the improved understanding of grade distribution to flow through to the resource modelling currently underway, though the company added that additional drilling is warranted to the north and south to extend or close off the new mineralisation discovered.
Further drilling will also be needed to explore and define mineralisation at a number of sections across the prospect.
Structural and lithological modelling of the East Sampson Dam prospect has been completed and the company has sent assay, survey, lithological, structural, density and moisture data to CSA Global for mineral resource modelling.
Moho’s East Sampson Dam prospect within the Silver Swan North project near Kalgoorlie represents a near term production opportunity for the company.
This is thanks in no small part to the high grades intersected to date and its location close to existing gold processing facilities and mining infrastructure.
Moho will now complete metallurgical test work for the East Sampson Dam prospect with master composite analysis ahead of the maiden resource estimate that is expected in the second quarter.
This will in turn feed into the scoping study that will consider the project’s early development potential via toll treatment arrangements.
The company will also start aircore drilling of historical auger gold anomalies northeast of East Sampson Dam along the Tyrells trend.
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.