Moho strategically expands Bush Chook gold hunt in new tenements

Moho Resources (ASX:MOH) has strategically extended its acreage position at the Bush Chook gold project in Western Australia’s Pilbara region with the acquisition of a new exploration tenement.

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Chairman Peter Christie said the new licence covers high-grade “Blue Spec look-a-like” gold-antimony targets within 30km of the Golden Eagle processing plant.

“Our new acreage is highlighted by the exciting Rocky Ridge prospect, which hosts an historic high-grade mine that produced close to 1,000 ounces at an average grade of 85 grams per tonne,” Mr Christie said.

He added: “There are several drill-ready targets which are geologically comparable to AIM Mining’s nearby Blue Spec gold-antimony deposit, which we expect to test during May as part of a 5,000m RC program.”

Blue Spec is estimated to contain 243K tonnes gold at 24.4 grams per tonne (g/t) and 1.6% antimony for 190K ounces of gold and 3.8000 tonnes of antimony.

Moho’s priority target at Rocky Ridge features high-grade mineralisation open both down dip and along strike, highlighted by a historic high-grade mine that produced 932 ounces of gold from 341 tonnes of ore at an average gold grade of 85vg/t – mined down to 40m.

The company believes the prospect has depth potential with underground channel sampling returning 8.0m at 28.5 g/t gold, including 0.3m at 65 g/t, 0.4m at 50 g/t, 0.4m at 101 g/t and 0.5m at 56.4 g/t and 1.3m at 0.42% antimony.

Moho is preparing to commence a 5,000 metres reverse circulation (RC) program in May at multiple high-grade targets, including Rocky Ridge, Gage Road, CBco, Single Fin, Little Creature, and Swan.

In the meantime, a 4,000-sample soil campaign began earlier this month, with a second soil crew currently mobilising to the site as part of ongoing target generation activities across the 442 sq. km project.

Moho has entered into a binding agreement with Mark Piltz for the acquisition of 100% of the vendor rights, title and interest in the new exploration license. Consideration for that deal comprises up to $30,000 cash as well as the issue of 4,285,714 fully paid ordinary shares in Moho on completion.

MOH is up +7.14%, to 0.8¢. Mkt cap $7.241M.

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