- Moho Resources (MOH) has begun its third reverse circulation (RC) drill program at the East Sampson Dam gold prospect in Western Australia
- The aim of this third program is to extend and infill gold mineralisation at the prospect, where drilling will be undertaken in four stages
- Phase one will consist of 15 holes and results are expected in August, while phase two will begin in Q3
- Other future programs include diamond drilling for structural, geotechnical and metallurgical studies, and aircore drilling of gold anomalies
- Finally, Moho is aiming to present a maiden JORC 2012 mineral resource in Q4 2020 and begin a scoping study in Q1 2021
- Company shares are steady on the market and are currently trading for 14 cents each
Moho Resources (MOH) has begun its third reverse circulation (RC) drill program at the East Sampson Dam gold prospect.
East Sampson is part of the Silver Swan North Project which lies roughly 50 kilometres northeast of Kalgoorlie in Western Australia.
Moho believes that if mineralisation is extended and a promising gold resource is established, it could provide a significant source of cash flow.
The aim of this third program is to extend and infill gold mineralisation at the prospect, where drilling will be undertaken in four stages.
Phase one will consist of 15-holes, totalling 1400 metres, and results are expected in August 2020.
Phase one will also follow-up and extend gold mineralisation which returned results such as five metres at 10.36g/t gold from 59 metres including two metres at 24.61g/t gold from 56 metres.
Phase two will consist of 25 holes, for 2100 metres, and will begin in Q3 2020.
Other future programs include diamond drilling for structural, geotechnical and metallurgical studies, and aircore drilling of gold anomalies.
Finally, Moho is aiming to present a maiden JORC 2012 mineral resource in Q4 2020 and begin a scoping study in Q1 2021.
Company shares are steady on the market and are currently trading for 14 cents each at 2:37 pm AEST.