Moho’s high-grade gold hits highlight East Sampson production potential

Special Report: Diamond drilling has returned some very high-grade results, validating Moho’s belief in the gold production potential of its East Sampson Dam prospect.

Initial assays from the diamond drilling program are:

2m at 18 grams per tonne (g/t) gold from a depth of 105m including 1m at 34.8g/t gold from 106m
6m at 5.63g/t gold from 18m including 1m at 16.2g/t gold from 19m; and
1m at 13.5g/t gold from 23m.

Moho notes that while the diamond drilling successfully explored a number of interpreted structures that they believe may be controlling the distribution of gold mineralisation at East Sampson dam, additional drilling is required to determine potential fault offsets and locate gold shoot extensions.

Moho Resources (ASX:MOH) says assays from the remaining five holes in the eight-hole program totalling 652.7m are pending.

“These initial diamond drilling results are very encouraging and highlight the significant gold production potential of Moho’s East Sampson Dam prospect,” managing director Shane Sadleir said.

The company added that while a third hole drilled to the south for geotechnical investigations of the preliminary pit wall was not expected to locate mineralisation, it still ended in a 0.3m of mineralisation grading 0.21g/t gold from 59m. This opens up the southern and south eastern section of East Sampson Dam to host additional mineralisation.

Further work

Phase two of the infill reverse circulation resource definition program is expected to start later this month with further drilling planned to the north and south where mineralisation remains open.

It also plans to carry out a review of downhole diamond drilling logging data to define structural controls on the gold mineralisation before the end of the year. This work will contribute to the calculation of a JORC resource in the first quarter of 2021.

Moho will target further gold mineralisation north of East Sampson Dam by aircore drilling of extensive auger gold anomalies during the first half of 2021

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.