Moho wraps up Crossroads diamond drilling
Link copied to
The cores generated from Moho’s maiden diamond drilling program will give a better understanding of the geology at the Crossroads gold prospect at its Burracoppin project in WA.
Moho is dialling in on the high grade stuff at Burracoppin!!
This latest four holes for 630m — drilled to a depth of 207m to test a broad gold mineralised zone surrounded by a ‘halo’ of tungsten, molybdenum and arsenic anomalism — was partly funded by the State Government’s Exploration Incentive Scheme to test a potential intrusive-related gold mineral system at Crossroads.
Moho Resources (ASX:MOH) expects to receive assays from the drill program in about six to eight weeks’ time.
The results will be combined with structural and other data for future drill target generation.
“The diamond drilling represents a significant advance in Moho’s geological understanding of the Burracoppin Project and will enable our geological team to vector into the gold mineralisation at the Crossroads prospect,” managing director Shane Sadleir said.
Moho will also compile and review all surface geochemical sampling data across the project area in the third quarter with further aircore and reverse circulation drilling to be carried out in the second half of the year and first quarter of 2022.
Crossroads is part of the Burracoppin joint venture gold project with IGO Limited (ASX:IGO), which is free carried for its 30 per cent interest until completion of a pre-feasibility study.
The diamond drill program primarily targeted mineralisation intersected in the January 2021 reverse circulation drilling program with the drill hole layout determined using an analysis of multielement geochemistry, geophysics and gold assay values.
Diamond core was logged and photographed at site before being securely packed for transport to Kalgoorlie for cutting and assaying.
Following the successful submission of an interim report outlining preliminary findings, Moho will be refunded 80% of the EIS grant of $147,000.
The balance of the grant will be issued following submission of half the core to the Geological Survey of WA where it will be stored for future studies.
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.