Special Report: Gold explorer Moho Resources is wasting no time in starting further drilling at its East Sampson Dam prospect with a view to completing a mine study next year.
Moho Resources (ASX: MOH) has kicked off another round of exploration drilling to firm up gold mineralisation at its East Sampson Dam gold prospect in Western Australia.
Stage one of the four-stage drill program is currently underway, with 15 holes to be drilled for a total of approximately 1,400m, and aims to infill and extend gold mineralistion intersected by Moho in 2018 and 2019 drilling programs.
Highlights of this earlier drilling were hits like 5m at 10.36 grams per tonne of gold from 59m including 2m at 24.61g/t for gold at 56m.
In the second drilling stage, scheduled for Q3 2020, Moho will sink 25 drill holes for a total of approximately 2,100m, followed by six diamond drill holes for a total of approximately 600m for geotechnical and metallurgical studies.
Sampling of existing gold anomalies is planned for the East Sampson Dam prospect in late 2020, leading to a maiden JORC mineral resource statement at year end.
This will pave the way for a mine scoping study at East Sampson Dam in early 2021.
East Sampson Dam could provide important additional cashflow for the company.
The prospect, which forms part of the Silver Swan North project 50km northeast of Kalgoorlie, is close to gold processing facilities.
Silver Swan North comprises five granted tenements and sits next to Poseidon Nickel’s (ASX: POS) Silver Swan and Black Swan nickel operations.
Moho has to date completed over 2,000m of drilling at its East Samson Dam gold prospect with the aim of extending gold mineralisation which remains open along a strike to the project’s north.
This story was developed in collaboration with Moho Resources, a Stockhead advertiser at the time of publishing.
This story does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post Moho puts pedal to the metal for East Sampson Dam project appeared first on Stockhead.
Barry Stroman was a reporter for Zerg Watch, before becoming the lead editor. Barry has previously worked for Wired, MacWorld, PCWorld, and VentureBeat covering countless stories concerning all things related to tech and science. Barry studied at NYU.