Moho Resources receives more encouraging East Sampson Dam results highlighting gold production potential

Moho Resources Ltd (ASX:MOH) continues to highlight the gold potential of the East Sampson Dam Gold Prospect through encouraging results from exploration, test-work and mining studies. The positive newsflow includes results from the third reverse circulation (RC) drilling program as part of Moho's resource definition studies, to infill and extend gold mineralisation, at the prospect. This drilling highlighted a number of strong gold intersections including 3 metres at 1.99 g/t from 78 metres, 5 metres at 1.76 g/t from 88 metres and 2 metres at 4.57 g/t from 51 metres. Modelled gold mineralisation displays good north to south continuity and multiple sub-horizontal zones and mineralisation remain open to the north and south. "Very encouraging" Moho managing director Shane Sadleir said: “The phase 1 RC drill results, in combination with the ongoing mining studies and excellent metallurgical test-work results, are very encouraging and highlight the significant gold production potential of Moho’s East Sampson Dam prospect.” Moho believes that, if a suitable gold resource is established, it could provide important cash flow for the company. Next steps ➢ Phase 2 RC drill program of around 40 RC holes; 4,000 metres in the third/fourth quarter of 2020; ➢ Diamond drilling of six holes, around 600 metres for structural, geotechnical and metallurgical studies in the third/fourth quarter of 2020; ➢ Review new surface geochemistry data prior to aircore drilling in the third quarter of 2020; ➢ Aircore drilling of auger gold anomalies and geophysical targets within M27/263 in the fourth quarter of 2020; and ➢ CSA review of downhole logging & DDH data to improve understanding of structural controls on gold mineralisation in the fourth quarter of 2020 Phase 2 to start Phase 2 of the infill resource RC drill program will follow as soon as a suitable rig can be secured. It is planning further drilling to the north and south, where mineralisation remains open. Detailed infill geochemical sampling of existing geochemical anomalies on the ESD to Tyrells trend has commenced to further delineate drill targets prior to air core drilling. Six diamond holes will also be drilled for further metallurgical test work, structural and geotechnical studies to better delineate and characterise the mineralisation. Geophysical logging of RC holes Data from the downhole logging with geophysical probes of the 16 RC holes by ABIMS from Kalgoorlie will be used to elucidate structural information to aid resource modelling and planning of further drill holes. CSA Global has been engaged to undertake multi-spectral scanning of up to 4,500 metres of drill chips from the prospect to provide mineral data to assist in identification and refinement indicators of mineralisation, weathered lithological units, mineral alteration patterns, and discriminate between transported and in situ regolith. Early results suggest the presence of muscovite at depth might have the potential to define alteration patterns which could help point to additional zones of mineralisation. Mining studies CSA will also undertake geological resource modelling of gold mineralisation at the project to identify additional work requirements to advance the project so that JORC Mineral Resource can be defined. The JORC resources will provide a firm basis for planning optimum mining and gold recovery operations for input into the scoping study and to determine likely key financial outcomes. Desktop mine project evaluation by Moho’s consultant mining engineer Minero is ongoing. Minecomp Pty Ltd, a Kalgoorlie-based mine planning company, will undertake initial Whittle optimisation using preliminary grade blocks assessed and provided by CSA, to determine the likely mining inventory for the project, which is close to existing gold processing facilities and mining infrastructure. Silver Swan North samples Work to collect surface geochemistry samples that infill previous programs and extend historic gold anomalies at the 100%-owned Silver Swan North Project is underway and is expected to take about four weeks to complete. The work will cover tenements M27/263, E27/528, E27/613, E27/626, P27/2390 and P27/2232.