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Moho Resources (ASX:MOH) - Non Executive Chairman, Terry Streeter
Non Executive Chairman, Terry Streeter
Source: Business News
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  • Moho Resources (MOH) has executed an agreement with Blue Spec Drilling for a third reverse circulation drilling program at the East Sampson gold prospect in WA
  • The aim of this program is to infill and extend the mineralisation at the prospect
  • A total of 40 holes will be drilled in two phases
  • Phase one will begin in July while phase two will begin in September and will coincide with aircore drilling of geochemical anomalies
  • Six diamond holes will then be drilled to collect samples for additional testwork, as well as geotechnical and structural studies
  • Moho is up a steady 18.8 per cent and shares are currently trading for 9.5 cents each

Moho Resources (MOH) has executed an agreement with Blue Spec Drilling for a third reverse circulation drilling program at the East Sampson gold prospect.

East Sampson is part of the Silver Swan North Project, which lies roughly 50 kilometres northeast of Kalgoorlie in Western Australia.

The project spans an area of 55 square kilometres and is made up of five granted tenements and one tenement application.

Moho believes that the project is under explored and is highly prospective for both nickel and gold mineralisation.

The aim of this program is to infill and extend the gold mineralisation at East Sampson. A total of 40 reverse circulation (RC) holes, for 3500 metres, will be drilled in two phases.

Beginning on July 7, phase one will consist of 15 holes, for 1400 metres, of drilling.

Scheduled to begin in September, phase two will correspond with the aircore drilling of existing auger geochemical anomalies.

Six diamond holes will then be drilled to collect samples for additional testwork, as well as geotechnical and structural studies.

However, before phase two RC and aircore drilling can begin, infill auger sampling will be carried out to outline the geochemical anomalies.

This will identify work needed to advance the project so a JORC mineral resource can be outlined.

The JORC resource will then provide a stable basis for future planning of mining and gold recovery operations.

Moho is up a steady 18.8 per cent and shares are trading for 9.5 cents each at 2:21 pm AEST.

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