Moho now owns 70pc of the promising Crossroads gold prospect at Burracoppin

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.

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.