- Moab Minerals (MOM) strikes gold at the Mt Amy project within the Gascoyne region of Western Australia
- The company completed a soil sampling program in November for gold and base metals, following up historical gold geochemical and rock chip anomalies at Mt Amy
- Moab says its highly anomalous results of 687 parts per billion gold and 834 parts per billion silver justify sampling on a more detailed spacing to determine the dimensions of the anomaly
- The company is now scheduling further work to commence once the northern wet season abates
- Moab Minerals is up 10 per cent, trading at 1.1 cents at 1:30 pm AEDT
Moab Minerals (MOM) has struck gold at the Mt Amy project in the Gascoyne region of Western Australia.
The company completed a soil sampling program in November 2022 for gold and base metals in a bid to follow up historical gold geochemical and rock chip anomalies at the project.
The historical exploration, which was undertaken by Sandfire Resources (SFR), identified a coherent gold in soil anomaly up to one kilometre long and 400 metres wide, along with anomalous gold rock chip samples in adjacent areas.
Moab’s recent soil sampling program involved 216 samples from two separate areas, spanning 400 metre by 40 metres.
“We are pleased to update shareholders with the results from the gold sampling program completed at Mt Amy in November 2022, with a gold in soil anomaly generated that justifies follow-up sampling to determine the extent of the anomaly,” Moab Managing Director Malcolm Day said.
Moab said its highly anomalous result of 687 parts per billion gold and 834 parts per billion silver justify sampling on a more detailed spacing to determine the dimensions of the anomaly.
The company is now scheduling further work to commence once the northern wet season abates.
Moab Minerals was up 10 per cent, trading at 1.1 cents at 1:30 pm AEDT.