The company has applied to become sole holder of several tenements and signed option agreements to secure rights to adjacent or nearby tenements with the option tenements representing a substantial addition to the highly prospective Silver Swan North project.
Managing director Shane Sadlier said: “Moho’s recent ground acquisitions represent a significant addition of highly prospective tenements to the Silver Swan North project, most of which have seen no modern gold exploration.
“It is worth noting that all of the option tenements have a history of significant alluvial gold production.”
The company has completed a surface soil geochemical sampling program over its granted tenements at Silver Swan North and 3,126 samples, including standards and duplicates, have been submitted to Bureau Veritas Perth for gold analysis by Aqua Regia digest and assay with results expected shortly.
Selected samples over areas of ultramafic lithologies to test for nickel anomalism have also been submitted for a multi-element base metal suite of analyses.
The geochemical soil sampling program is scheduled to cover the option tenements during October and will be extended to cover any of the recent applications if granted.
Particular attention will be given to testing whether the anomalous gold within the East Sampson Dam-Tyrells corridor extends into a 2-kilometre zone from M27/263 through M27/488 and into P27/2200.
Work and evaluation continues
Work and evaluation by Moho’s technical team is ongoing to locate and review historical drill hole information across the option tenements.
Some significant historic gold results by Mt Kersey Mining are noted on M27/488 and close to the north-western boundary of Moho’s 100% owned M27/263.
Next steps include undertaking a surface geochemical sampling of option tenements, which is set to begin in October and reviewing as well as reporting assays.
Moho anticipates the completion of historic exploration data over the new application and option tenements to occur in the December quarter of 2020.