Moho’s new drilling campaign dials in on possible gold system at Crossroads
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A diamond drilling program will test a potential intrusive-related gold system at the ‘Crossroads’ prospect, part of Moho Resources’ (ASX:MOH) Burracoppin project in WA.
Intrusive‐related gold systems (IRGS) can host millions of ounces of gold. This class of deposit has an association with granitoids and a distinctive accessory element suite of tungsten, molybdenum, bismuth and tellurium.
Moho’s imminent four-hole, ~600m drilling program – partially funded by the WA Government as part of its Exploration Incentive Scheme – is designed to follow up mineralisation intersected in the January 2021 RC drilling program.
Best assays from that program included 1m at 7.48 g/t gold from 92m in bedrock, with mineralisation open to the north, west and at depth.
This new diamond program is designed to identify what ‘controls’ the mineralisation so Moho can dial in on the potential motherlode.
Associated with these early-stage gold hits is a broad zone of shallow anomalous bedrock gold mineralisation by a ‘halo’ of tungsten, molybdenum and arsenic anomalism.
“This is a promising development”, Moho Managing Director Shane Sadleir says.
“The association of a geochemical halo of W – Mo – As anomalism with the recently identified gold mineralisation from RC drilling at the Crossroads prospect is very encouraging,” he says.
“We are looking forward to testing the extension of this mineralisation and the relationship with lithology and structures with the upcoming diamond drilling program.”
Once drill assays are received in Q3 2021, they will be compiled with structural and other data for more detailed target generation at Crossroads, the company says.
Further exploratory aircore and RC drilling will kick off in the second half of 2021, or Q1 2022.
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.