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From Proactive " Moho Resources outlines interim East Sampson...

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    From Proactive

    " Moho Resources outlines interim East Sampson Dam gold resource of 21,600 ounces with strong growth potential
    A scoping study along with additional aircore and reverse circulation drilling programs are now in the works.


    With 70.2% of the resource in the indicated category there is scope to expedite mining.

    Moho Resources Ltd (ASX:MOH) has released an interim mineral resource estimate for the wholly-owned East Sampson Dam prospect of 264,000 tonnes at 2.5 grams per tonne (g/t) of gold for 21,600 ounces at a cut-off grade of 0.5 g/t.

    This provides strong growth potential with mineralisation open to the north, south and at depth, and the vast majority - 13,800 ounces or 70.2% - of the estimate is in the indicated category.

    Moho is now planning a scoping study to progress mine development and a number of aircore and reverse circulation drilling programs to test mineralisation extensions and gold anomalism.

    Path to production

    Moho managing director Shane Sadleir said the interim resource estimate was a big step forward for the company.
    “Completion of the interim mineral resource estimate marks a major milestone for Moho in advancing the East Sampson Dam prospect to potential gold production,” he said.

    “Importantly there is significant potential to increase the resource estimate given that mineralisation is open to the north, south and at depth.

    “With that in mind, we are aggressively accelerating drill programs into the second half of this year while commencing a scoping study to progress mine development.”

    East Sampson Dam

    East Sampson Dam (ESD) lies within the northwest-trending Kanowna greenstone belt, near the famed mining precinct of Kalgoorlie; the greenstone belts of the Kalgoorlie Terrane are host to many world-class nickel and gold deposits.

    The ESD prospect is part of Moho’s wider Silver Swan North Project, which covers about 55 square kilometres and encompasses five granted tenements and one tenement-in-waiting; Moho believes the area is significantly under-explored and highly prospective for gold and nickel.

    Mineralisation is open to the north, south and at depth at the ESD prospect and 70.2% of the interim resource estimate is in the indicated category, providing great scope to expedite mining.

    A whopping 93%, or 19,000 ounces, of the resource is within softer, near-surface zones, allowing for easier drilling, and the grade is highly sensitive to cut-off, increasing to 4.3 g/t for 18,700 ounces at 1.0 g/t cut-off grade.

    Next steps

    Moho is now looking to appoint a qualified mine engineer experienced in open-cut gold mining and toll treatment to help drive the project towards production.

    The appointee would oversee pit optimisation on the current drilling information; make recommendations for any further RC drilling, metallurgical test-work and mining studies; and conduct a scoping study on the economic benefits of mine development using a toll milling facility.

    The company will also conduct an aircore drilling program at the adjoining Tyrells and Hodges prospects testing 2.5 kilometres of gold anomalism defined by soil geochemistry this month.

    Later this year, Moho is planning an RC drilling program to test extensions of mineralisation along strike to north and south and at depth as well as an aircore drill program to test multiple gold soil anomalies at the Silver Swan North Project, including at the Happs and Yalumba prospects southeast of ESD. "

    - Daniel Paproth


 
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