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- Moho Resources (MOH) has intersected gold at its first aircore drilling program at the Crossroads prospect
- This prospect is part of Burracoppin gold project in Western Australia
- Gold ranging from 0.21g/t to 0.96g/t gold was found and anomalous silver and arsenic mineralisation was also present
- Samples will now be sent to SGS Perth to see of the gold grades increase with depth
- Moho will now undertake an infill gravity survey over the Crossroads prospect, which is expected to start in this quarter
- At market close company shares are trading 12.6 per cent lower for 8.3 cents each
Moho Resources (MOH) has intersected gold at its first aircore drilling program at the Crossroads prospect.
Crossroads is part of the 126 square kilometre Burracoppin gold project which is located 22 kilometres west of Ramelius Resources’ (RMS) Edna May gold mine in Western Australia.
Gold ranging from 0.21g/t to 0.96g/t gold was found and anomalous silver and arsenic mineralisation was also present.
Gold anomalism was found to be the strongest in the southeast of the prospect and samples will be sent to SGS Perth as soon as possible to see if gold grades increase with depth.
“Intersecting bedrock gold in our first drill program at the Crossroads prospect is a fantastic result for Moho and provides great encouragement for our exploration team going forward,” Managing Director Shane Sadleir said.
Moho will now undertake an infill gravity survey over the Crossroads prospect, which is expected to start in this quarter.
The company is also planning and executing the next phase of drilling to follow-up on the reported gold results.
At market close company Moho shares are trading 12.6 per cent lower for 8.3 cents each in a $4.661 million market cap.
