- Moho Resources (MOH) kicks off aircore drilling across three tenements within its Burracoppin project in Western Australia
- Around 2000 metres of drilling is planned to test accumulations of ionic clay rare earths in channels previously delineated by MOH
- The company says it hopes this round of drilling will prove the concept that the clay accumulations span over 16 kilometres through the centre of the project
- MOH plans to then undertake follow-up drilling on any significant bedrock rare earth element or gold mineralisation encountered
- Moho shares are trading at 1.6 cents and JV partner IGO shares are trading at $13.48 at 10:12 am AEDT
Moho Resources (MOH) has kicked off aircore drilling across three tenements within its Burracoppin project in Western Australia.
Around 2000 metres of drilling is planned to test accumulations of ionic clay rare earths within channels previously delineated by MOH.
“This exciting next phase of REE exploration should assist in proving the concept of ionic clay accumulations over 16 kilometres of channel through the centre of the Burracoppin project,” Moho Managing Director Ralph Winter said.
The company plans to complete 39 holes in the area to test the channels, investigate the bedrock source of elevated dysprosium and neodymium values, and follow up on historical surface gold mineralisation.
Once drilling is completed, MOH said the assay results would be reviewed and interpreted to establish the potential for ionic clay accumulations.
Moho said any bedrock REE or gold mineralisation encountered would be followed up with further drilling.
Of the three tenements being assessed, one is 70 per cent owned by MOH through a joint venture with IGO (IGO). IGO’s 30 per cent interest will be free-carried until the completion of a pre-feasibility study.
Moho shares were trading at 1.6 cents and IGO shares were trading at $13.48 at 10:12 am AEDT.