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Sampling program leaves a good taste for Moab with strong gold anomaly to follow up at Mt Amy
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Moab Minerals is zeroing in on a major gold target down the road from the historic Paulsens and Mt Olympus gold mines in WA’s North-West after successful soil sampling at its Mt Amy gold project uncovered a strong gold in soil anomaly.
As many as 216 samples were completed at Mt Amy searching for hints of gold and base metals in November, following up historical gold geochemical and rock chip anomalies.
Collected on a 400m by 40m sample spacing in two areas, single anomalous values ranges as high as 687 parts per billion gold and 834ppb silver, justifying follow-up sampling after the northern wet season wraps up.
It sets Moab (ASX:MOM) up well to renew its tilt on a gold discovery at Mt Amy, located in a multi-million ounce gold field where the Ashburton Basin meets the Carnarvon Basin and where historical exploration by ASX copper and gold mining giant Sandfire Resources previously identified a 1km by 400m gold in soil anomaly.
“We are pleased to update shareholders with the results from the gold sampling program completed at Mt Amy in November 2022, with a gold in soil anomaly generated that justifies follow-up sampling to determine the extent of the anomaly,” Moab managing director Malcolm Day said.
“The Company is currently scheduling further work as soon as the northern wet season abates.”
Detailed sampling to come
Moab believes the highly anomalous result of 687ppb Au and 834ppb Ag justifies sampling on a more detailed spacing to determine the dimensions of the anomaly.
It one of a number of exploration fronts the company is progressing.
The explorer also owns 60% of the REX uranium-vanadium project in the famed Uravan mineral belt in Colorado, containing a string of historic uranium mines including Blackfoot/Rattlesnake, Wedge, Merry Widow, Sunbeam and Vanadium King which MOM is exploring for the first time since the 1970s.
It also boasts the Speedway gold project in Western Utah, the Highline copper-cobalt project in Southern Nevada and the Woodlands project in Western Australia.
This article was developed in collaboration with Moab Minerals (ASX:MOM), 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.
