Moho moves fast on East Sampson Dam gold project development
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Special Report: Moho is now targeting the completion of an East Sampson Dam project ‘scoping study’ — the first proper look at whether a resource can be mined economically — in Q3 this year.
In early February, Moho (ASX:MOH) caught a +200 per cent rocket after the WA explorer was able to extend known high-grade gold mineralisation at the East Sampson Dam prospect.
Results from the explorer’s second drilling program at the prospect, about 50km from Kalgoorlie, included 2m at 24.61 grams per tonne (g/t) gold inside a larger 5m intersection grading 10.36g/t gold, 54m from surface.
“We want to be a self-funded explorer,” Moho’s Ralph Winter told Stockhead in March.
“If we have positive cash flows coming in from projects — with East Sampson Dam being potentially the obvious first one to go into production — we can utilise that money to expand exploration across our wider portfolio.”
Moho is now targeting the completion of a project ‘scoping study’ in Q3 this year.
This process involves preliminary mining studies, metallurgical test work, as well as extra ‘infill’ drilling in Q2 which will culminate in a maiden JORC resource.
Meanwhile, Moho is hunting for more gold discoveries in the wider Silver Swan North project area.
A ‘Program of Works’ will be lodged shortly with the Mines Department for air core drilling in Q2 and Q33 along the 2 km-long East Sampson Dam – Tyrells zone, the company says.
Gold anomalism immediately west of the East Sampson Dam prospect, and other anomalous areas within Moho’s 100% owned tenements, including the Yalumba, Happs and Hugo prospects will also be assessed.