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Corporate Spotlight

"moho" - the boundary separating the crust and the mantle of the earth across which seismic waves change velocities
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Interview with Ralph Winter Moho Resources NL - MO

MAIDEN DRILL PROGRAM

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MAIDEN DRILL PROGRAM FOR GOLD EARNS MOHO 51% INTEREST IN KEY TENEMENTS AT SILVER SWAN NORTH 

ASX Announcement 8 November 2018

  • Maiden drill program completed by Moho at East Samson Dam prospect on M27/263 
  • Assay results expected shortly 
  • Moho earns 51% interest in key Silver Swan North tenements M27/263 and E27/345 and intends to proceed to earn 70% interest

Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to announce that it has completed 2,079 metres of reverse circulation and aircore drilling at the East Samson Dam gold prospect on M27/263 during September 2018 (Figure 1).


Previous drilling in this area had intersected low-grade supergene and higher grade nuggetty gold mineralisation at the contact between a quartz porphyry and felsic volcanic units.1


The recent drill program by Moho (Figure 2) was aimed at closing off the gold mineralisation which remained open along strike to the north, including a zone of flexure which represents an additional drill target in its own right.


Drill samples are currently being processed and assay results are expected shortly.


In July 2015 Moho entered into a farmin and joint venture agreement with Odin Metals Ltd (ASX:ODM, then Lawson Gold Ltd) to earn up to 70% interest in M27/263 and E27/345 at the Silver Swan North Project.


Based on these additional expenditures and drilling now completed on these two tenements, the Company has:


  • earned a 25% interest in the tenements M27/263 and M27/345 by conducting more than 2,000 metres of drilling on the tenements prior to 30 September 2018 (Figure 1); and 
  • earned a further 26% (51% total) interest in these tenements by spending more than $400,000 prior to 30 June 2021 on exploration on the tenements comprising the project.


Click here to view the full announcement

INTERVIEW

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EMPRESS SPRINGS

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SILVER SWAN

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BURRACOPPIN

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(20min delay)
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Mkt cap $6.585M
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