- Moho Resources (MOH) wraps up aircore drilling at its Burracoppin rare earth elements (REE) and gold project in Western Australia
- The program included 39 drill holes for 1355 metres, with assays expected in the second quarter of 2023
- Moho targeted interpreted channel zones with potential ionic clay development, soils with elevated dysprosium and neodymium values and untested soils with coincident gold and arsenic anomalism
- The company plans to take on further drilling to follow up on any significant bedrock REE and gold mineralisation identified from the assays
- MOH is trading significantly higher, up 26.7 per cent to 1.9 cents at 1:05 pm AEDT
Moho Resources (MOH) has completed aircore drilling for rare earth elements (REE) and gold at its Burracoppin project in Western Australia.
The program included 39 drill holes for 1355 metres, with assays expected in the second quarter of 2023.
Moho targeted interpreted channel zones through the drilling, looking for ionic clay development, soils with elevated dysprosium and neodymium REE values and untested soils with coincident gold and arsenic anomalism.
“With the completion of this phase of drilling, the company is eagerly anticipating the results to further model the potential ionic clay (REE) accumulations over 16 kilometres through the Burracoppin project,” Moho Managing Director Ralph Winter said.
The Burracoppin project is a 1139-square-kilometre tenement package that includes 10 granted exploration licences.
The company aims to undertake further drilling over other prospective areas of the tenements and conduct follow-up work on any significant bedrock REE and gold mineralisation identified.
MOH was trading significantly higher on Monday afternoon, up 26.7 per cent to 1.9 cents at 1:05 pm AEDT.