Moho uncovers extensive gold mineralisation at Crossroads
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Moho’s drilling at the Crossroads prospect within the Burracoppin project in WA is off to a rousing start with the intersection of high grade bedrock gold.
The maiden reverse circulation drill program returned a top hit of 1m grading 7.48 grams per tonne (g/t) gold from 92m in bedrock and 8m at 0.47g/t of supergene gold mineralisation from 51m.
Mineralisation has been defined by Moho Resources (ASX:MOH) drilling over 500m from north to south and to a drilled depth of 80m.
Adding interest, there is potential for more gold to be found as mineralisation remains open to the north, west and at depth.
“We are very encouraged by the assay results from our first RC drill program at the Crossroads prospect,” managing director Shane Sadleir said.
“The presence of high grades within such a large mineralised zone supports the potential of the prospect to host significant bedrock gold mineralisation.
“Diamond drilling planned for early May will provide key information on structural, lithological and geochemical controls on bedrock mineralisation.”
The three-hole diamond drilling program totalling 600m will identify controls on bedrock mineralisation.
A lithogeochemical and petrological review is also underway at the prospect.
Moho will also review first pass stream sediment sampling results over newly granted tenement E70/5154 to the southwest.
Crossroads is just 20km from Ramelius Resources’ (ASX:RMS) Edna May gold mine and is on structural trend to the Tampia gold deposit, also owned by Ramelius.
The currently defined bedrock gold mineralisation is located on the northern margin of a gravity low, which could represent a porphyry intrusion as scattered microgranite is found in the paddock to the south of the drilling.
Porphyry discoveries are significant as they make up about 60 per cent of the world’s copper, most of its molybdenum, and significant amounts of gold and silver.
Additionally, variations of grade seen in one hole suggests the presence of nuggety gold at that location.
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.