Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to announce that it has executed an agreement with Blue Spec Drilling Pty Ltd for the Company’s third reverse circulation (RC) drilling program as part of its resource definition studies to infill and extend gold mineralisation at the East Sampson Dam gold prospect on M27/263 (See link below for Figures).
- Agreement signed for 40 RC holes (~3,500m) at East Sampson Dam gold prospect on M27/263 (100% Moho)
- Phase 1 – 15 RC drill holes (~1,400m) to commence on 7 July 2020
- Objective: Resource definition infill drilling to extend gold mineralisation intersected by Moho in September 2018 and October 2019 RC drill programs
Phase 2 of the 2020 RC drill program is scheduled for September to coincide with aircore drilling of existing auger geochemical anomalies in peripheral areas of the main mineralised zone at East Sampson Dam. Six diamond holes will also be drilled to generate samples for further metallurgical testwork and structural and geotechnical studies.
Infill auger sampling will be undertaken to further delineate the geochemical anomalies prior to carrying out the phase 2 RC and air core drilling.
CSA Global (CSA) has been engaged to undertake geological modelling of gold mineralisation at the East Sampson Dam gold project. This work will identify additional work requirements to advance the project so that an appropriate level of JORC Mineral Resource can be defined. The JORC Resources will provide a firm basis for planning optimum mining and gold recovery operations for input into the scoping study and to determine likely key financial outcomes.
Desktop mine project evaluation by Moho’s consultant mining engineer Minero is ongoing. Minecomp Pty Ltd, a Kalgoorlie-based mine planning company, has been engaged to undertake first pass Whittle optimisation using preliminary grade blocks assessed and provided by CSA, to determine the likely mining inventory for the project.
RC samples have been delivered to JT Metallurgical Services Pty Ltd for test work to provide preliminary information for toll treatment by Carbon-in-Leach and possible on-site heap leaching. This work includes studies focusing on rheology and crush size sensitivity, agglomeration/percolation tests and gold liberation and recovery characteristics.
The East Sampson Dam gold prospect is a key element of the Silver Swan North Project which is well located close to existing gold processing facilities and mining infrastructure. Moho believes that, if mineralisation is extended and a suitable gold resource established, it could provide an important cash flow for the Company
SOURCE: MOHO RESOURCES
DATE: 29 JUNE, 2020