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Moho Resources Ltd.
Summary
| Project: | Empress Springs | |
|---|---|---|
| Deposit: | Arrowhead | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/7/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-2-2019: Moho Resources Ltd. announces an Exploration/Drilling Update report for its Arrowhead deposit at the Empress Springs project. Drilling results incl. 2.0m @ 2.13g/t Au, 2.5ppm Ag, 0.263% Zn, 0.140% Co, 0.0213% Cu from 50m. Moho Resources Ltd (ASX | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Affleck (Internal) | |
| ABSTRACT: | Moho Resources Ltd (ASX:MOH) (Moho or Company) is very pleased to announce a virgin gold and base metal discovery at the Empress Springs Gold Project in North Queensland. The Au-Ag-Zn-Pb mineralisation was discovered by Moho in the tenements by first-pass basement air core drilling through shallow basin sediments where there has been no previous drilling for gold and base metals. The Empress Springs Project is located 25 km to the south of the town of Croydon and comprises three adjacent exploration permits (EPM25208, EPM25209 and EPM25210), with a total area of 773 km² (Figure 1). The Croydon Goldfield, which extends from north of the town, contains over 300 gold occurrences with historical production estimated at 1.2Moz of Au. Managing Director Mr Shane Sadleir commented - "The results from Moho's maiden reconnaissance drill program at Empress Springs are outstanding. They support the Company’s view that we may be sitting on top of a significant gold / base metals mineralised system, perhaps similar to the 1.2Moz historic Goldfield at Croydon. To be able to generate such a significant mineral discovery undercover at such an early stage in our exploration program is a testament to the expertise and dedication of Moho’s exploration team.” | |
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