Special Report: Moho Resources (ASX:MOH) has successfully earnt a 70 per cent interest in tenement E70/4688, where recent drilling at the Crossroads prospect uncovered the edges of a possible gold-rich porphyry intrusion.

E70/4688 is part of Moho’s Burracoppin gold project, located within a gold-rich, but very underexplored, area of the Wheatbelt region of WA.

In 2015, Moho Resources (ASX:MOH) inked a farm-in joint venture with major miner Independence Group (ASX:IGO) over tenement E70/4688.

Moho has now earnt a 70 per cent interest in the tenement by spending the required $450,000 on early stage exploration.

Location of E70/4688 and other Moho tenements forming the Burracoppin gold project.

In March, seven holes in Moho’s maiden shallow ‘aircore’ drill program at Crossroads hit anomalous (low grade) gold-silver mineralisation, with up to 0.61 grams per tonne (g/t) gold and 5.53g/t silver in bedrock in ‘bottom of hole’ samples.

Three holes on the broad-space traverses ended in more than 0.1g/t gold.

Significantly, the mineralisation is ‘open’ to the south, east and at depth and is located on the northern margin of a pronounced gravity low.

Studies by consultant geochemist Richard Carver also show that gold is associated with silver and a number of ‘pathfinder’ metals.

Moho believes that this type of mineralisation, in association with the gravity low, could indicate the presence of an intrusive-related mineralising system in the area.

Moho has scratched the surface; now it plans to dial in on the source with further drilling in Q4 2020.

 

This story was developed in collaboration with Moho Resources, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
Read MoreGoldGold Stocks

Featured Companies

You might be interested in