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Moho Resources Ltd.
Summary
| Project: | Silver Swan North | |
|---|---|---|
| Deposit: | East Samson Dam | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-11-2018: Moho Resources Ltd. announces an Exploration/Drilling Update report for its East Samson Dam deposit at the Silver Swan North project. Drilling results incl. 8.0m @ 7.89g/t Au from 56m. Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Robert Affleck (Internal) | |
| ABSTRACT: | Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to announce preliminary assay results have been received for the Company’s first drilling program which was completed at the East Samson Dam gold prospect on M27/263 during September 2018 (Figure 1). One aircore hole and 21 reverse circulation holes were drilled for a total of 2,079m (refer to Table 1 and Figure 2 for drill hole details and locations). Drill intersections with assay results >0.5 g/t Au are shown in Table 2 and based mainly on 4 metre composite samples. Individual one metre samples will be submitted for assay shortly. The generally high grade nature of the drill results over about 200m strike length supports previous drilling in this area which had intersected high grade nuggetty gold mineralisation at the contact between a quartz porphyry and felsic volcanic units and which is often overlain by low-grade supergene mineralisation. 1 Further drilling is planned by Moho for early 2019 to define the limits of gold mineralisation at the East Samson Dam Prospect and to test new target areas within the Silver Swan North Project area. The Silver Swan North Project is well located and close to mining infrastructure. Moho believes that, if mineralisation is extended and a suitable gold resource established, it could provide early cash flow for the Company. Moho’s Interest in Silver Swan Tenements In July 2015 Moho Resources Limited (Moho) entered into a farm-in and joint venture agreement with Odin Metals Ltd (ASX:ODM, then Lawson Gold Ltd) (Odin) to earn up to 70% interest in M27/263 and E27/345 at the Silver Swan North Project. On 12th November 2018 Moho announced to the ASX that, as per the terms of the farm-in agreement, it has provided Odin with what it believes is sufficient evidence that it has now earned a 51% legal and beneficial interest in M27/263 and E27/345. Moho understands that pending the formal transfer, Odin holds the 51% interest on trust, for the sole benefit of Moho. The Silver Swan North project also includes Moho’s 100% owned tenements E27/528, P27/2232 and tenement applications E27/613 and P27/2390. | |
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