Moho wraps up drilling at Silver Swan North gold prospects, results due in Q4
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Moho Resources has finished the first systematic drilling at its Silver Swan North project in WA ahead of plans to begin the scoping study at East Sampson Dam.
The initial aircore drilling of 158 holes tested gold-in-soil auger anomalies north of East Sampson Dam – with assay results expected in Q4.
Moho Resources (ASX:MOH) anticipates Silver Swan North – 50km NE of Kalgoorlie, and within trucking distance of several mills – will be critical in its plans of developing the East Sampson Dam gold deposit as a toll treating operation.
In July the company unveiled a 264,000t JORC 2012 resource at East Sampson Dam grading 2.5g/t gold for 21,600 ounces at a 0.5 g/t cut-off.
“Any significant gold mineralisation identified here should be viewed in the context of Moho’s nearby 100% owned JORC mineral resource at East Sampson Dam,” managing director Shane Sadleir said.
Moho plans to start a scoping study on the defined mineralisation at East Sampson Dam with the aim to progress mine development using a toll milling facility – which is expected to be completed in the second half of 2021.
The company is also planning RC drilling to test northern and southern extensions of deposit and at depth as well as reviewing Silver Swan North’s nickel potential and preparing an exploration program later this year.
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.