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MOHO RESOURCES LIMITED Regulatory Filings 2021

Mar 1, 2021

65359_rns_2021-03-01_e83d615a-ca01-4d48-bb47-5b994ab791f5.pdf

Regulatory Filings

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NEW HIGH GRADE GOLD ZONES

AT EAST SAMPSON DAM GOLD PROSPECT

HIGHLIGHTS:

  • Further encouraging high grade gold results:

  • SSMH0117: 1m @ 9.6 g/t Au from 92m

  • SSMH0126: 5m @ 5.95 g/t Au from 47m incl. 1m @ 15.2 g/t Au from 49m, & 1m @ 11.1 g/t Au from 51m

    • SSMH0123: 6m @ 3.57 g/t Au from 83m incl. 2m @ 2.43 g/t Au from 84m, & 1m @ 15.6 g/t Au from 88m
    • SSMH0119: 2m @ 2.67 g/t Au from 43m incl. 1m @ 4.04 g/t Au from 43m
  • Master composite metallurgical testwork underway

  • Geotechnical reporting on diamond core underway

NEXT STEPS:

  • Collate Phase 2 RC drill assay results with downhole density and structural data – Q1 2021

  • Refine structural controls on gold mineralisation and build new geological model of ESD – Q1 2021

  • Complete metallurgical sighter testwork with master composite analysis – Q2 2021

  • Resource model and JORC Mineral Resource Estimate for ESD - H1 2021

  • Undertake aircore drilling of historic auger gold anomalies north of ESD – H1 2021

“The latest RC drilling results have identified a number of high-grade mineralised intervals and new mineralised zones at the East Sampson Dam gold prospect. This new information, in combination with the ongoing structural control interpretation and geological modelling by Moho’s geologists and consultants, provides further confidence that the prospect has the potential to generate a suitable gold resource which could provide important cash flow for the Company”

  • Mr Shane Sadleir, Moho Managing Director

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Moho Resources Ltd (ASX:MOH) ( Moho or Company ) is pleased to announce the identification of additional high grade gold zones during the Phase 2 reverse circulation (RC) drilling program as part of its resource definition studies, to infill and extend gold mineralisation at the East Sampson Dam (ESD) prospect on M27/263 (Figure 1).

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Figure 1: Moho’s Silver Swan North Project tenements, including M27/263 (highlighted) in relation to regional geology

NEW PHASE 2 RC DRILLING RESULTS

Results from an additional twelve holes, SSMH115-SSMH0126 (Table 1), have been received and contain a number of significant high grade mineralised intervals and new mineralised zones. Figure 2 shows drill hole collar locations in relation to the gold mineralising envelope projected to the surface. This release discusses the available assay results for the drillholes above that cover infill RC drilling in the central portion of the ESD gold prospect.

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Figure 2: Phase 2 ESD RC drill program collars in relation to known mineralised zones

The drilling highlighted a number of significant gold intersections (Table 2, Figure 2). All holes were sampled with a primary and duplicate sample collected on a 1m basis from the cone splitter. All samples were analysed at Bureau Veritas Laboratories Perth by 40g fire assay and AAS finish, with certified reference material (CRM) inserted every 33 samples and duplicates assayed every 50 samples throughout the program.

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Moho has experienced long delays of up to 8 weeks in receiving assay results from Perth assay laboratories, in part due to several pallets of samples being erroneously shipped to Adelaide in late December. Additional ESD RC assay results will be reported as they become available.

Table 2: East Sampson Dam – SSMH0115-SSMH0126 significant gold assay results

Prospect Hole ID From
(m)
To (m) Interval
(m)
Significant Intercept
ESD SSMH0115 46 47 1 1m @ 0.59 g/t Au
ESD SSMH0116 48 49 1 1m @ 1.95 g/t Au
ESD SSMH0116 57 58 1 1m @ 0.51 g/t Au
ESD SSMH0117 66 67 1 1m @ 1.54 g/t Au
ESD SSMH0117 75 78 3 3m @ 0.96 g/t Au
ESD SSMH0117 92 93 1 1m @ 9.6 g/t Au
ESD SSMH0118 67 68 1 1m @ 0.73 g/t Au
ESD SSMH0118 76 77 1 1m @ 0.68 g/t Au
ESD SSMH0118 85 86 1 1m @ 0.50 g/t Au
ESD SSMH0119 1 2 1 1m @ 0.98 g/t Au
ESD SSMH0119 43 45 2 2m @ 2.67 g/t Au
incl 43 44 1 1m @ 4.04 g/t Au
ESD SSMH0119 58 59 1 1m @ 0.57 g/t Au
ESD SSMH0122 32 35 3 3m @ 0.79 g/t Au
incl 34 35 1 1m @ 1.49 g/t Au
ESD SSMH0122 38 40 2 2m @ 0.76 g/t Au
ESD SSMH0122 45 46 1 1m @ 0.62 g/t Au
ESD SSMH0122 64 68 4 4m @ 1.49 g/t Au
incl 65 66 1 1m @ 2.75 g/t Au
incl 67 68 1 1m @ 1.82 g/t Au
ESD SSMH0122 75 76 1 1m @ 1.96 g/t Au
ESD SSMH0123 47 49 2 2m @ 0.99 g/t Au
ESD SSMH0123 83 89 6 6m @ 3.57 g/t Au
incl 84 86 2 2m @ 2.43 g/t Au
incl 88 89 1 1m @ 15.6 g/t Au
ESD SSMH0126 34 37 3 3m @ 1.26 g/t Au
incl 34 35 1 1m @ 2.62 g/t Au
ESD SSMH0126 47 52 5 5m @ 5.95 g/t Au
incl 49 50 1 1m @ 15.2 g/t Au
incl 51 52 1 1m @ 11.1 g/t Au
ESD SSMH0126 55 59 4 4m @ 1.15 g/t Au
ESD SSMH0126 62 63 1 1m @ 2.60 g/t Au
ESD SSMH0126 65 66 1 1m @ 1.03 g/t Au
ESD SSMH0126 67 68 1 1m @ 0.90 g/t Au

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Notes:

1. Intercepts are an aggregation of 1m intercepts ≥0.5 g/t Au with up to 1m of internal dilution

  • 2 Results are based on a 1m samples from RC rig cone splitter.

3. Samples were assayed for gold using 40g charge fire assay with AAS finish.

4. Sample intervals are down-hole and true widths are yet to be determined.

SECTION 6637800N

Hole SSMH0116 (Figure 3) discovered 1m @ 1.95 g/t Au in ferruginised quartz veins at the contact between porphyry and tuff. This extends the medium grade mineralisation intersected in SSMH0088 another 20m up-dip. The middle hole on this section SSMH0117 broadened and extended mineralised intervals into saprock with intervals of 1m @ 1.54 g/t Au, 1m @ 1.64 g/t Au and 1m @ 9.6 g/t Au on the contact between tuff and black shale. This high grade intercept is the northern, upplunge extension of the very high grade mineralisation (1m @ 15.0 g/t Au) intersected in MRC020 on 6637780N.

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Figure 3: ESD cross section 6637800N (looking north) showing drilling and mineralised grade shells

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SECTION 6637820N

Hole SSMH0119 (Figure 4) discovered high grade Au mineralisation (1m @ 4.04 g/t Au) associated with brecciated quartz veins in massive goethite altered tuff. The low grade Au intercept (~0.5 g/t) in SSMH0119 is associated with an interpreted low angle NW trending structure. On section 6637800N both SSMH0115 & 116 have similar low grade intercepts in the same structural position. Other holes on these and other cross sections that have intersected this structure also contain higher grades of mineralisation.

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Figure 4: ESD cross section 6637820N (looking north) showing drilling and mineralised grade shells

SECTION 6637840N

Drilling on this section (Figure 5) discovered a number of new medium and high grade Au intersections that are expected to extend mineralised grade shells and enhance tonnages. Shallow mineralisation in SSMH0122 from 32m will extend grade shells up dip towards the surface while deeper mineralisation of 4m @ 1.49 g/t Au and 1m @ 1.96 g/t Au extends mineralisation for 30m between SSMH0067 and 68.

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Figure 5: ESD cross section 6637840N (looking north) showing drilling and mineralised grade shells

New shallow gold intersections in SSMH0123 link with new intersections in SSMH0122 and historical mineralisation in Mt Kersey hole GINB0668 to extend modelled shoots on the eastern side of the prospect. Broad intersections of high grade gold mineralisation deeper in SSMH0123 (6m@ 3.57 g/t Au, including 1m @ 15.6 g/t Au) are related to a sheared porphyry and associated quartz veins intruding into tuff. This broad intercept significantly enhances known mineralisation in the area and may justify deepening the modelled pit in this central section of the prospect.

SECTION 6637860N

Results on this section (Figure 6) show new high grade mineralised zones and enhanced shallow mineralisation in SSMH0126 with 3m @ 1.26 g/t Au, including 1m @ 2.62 g/t Au in the oxide zone. At 47m, broad high grade mineralisation of 5m @ 5.95 g/t Au including 1m @ 15.2 g/t Au and 1m @ 11.1 g/t Au is a significant new zone. The individual very high grade intercepts are associated with ferruginised quartz veins in saprolitic tuff in close proximity to an intruding porphyry.

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Figure 6: ESD cross section 6637860N (looking north) showing drilling and mineralised grade shells

STRUCTURAL MODELLING OF FAULTS AT ESD

Structural modelling of the ESD prospect is ongoing. Work to date has focussed on structures observed in diamond drill core and recognised in RC drill chips and tracing them from section to section using the geological information in the drill logs. This is an iterative process that has generated many queries and necessitated relogging of drill chips from some RC drill holes.

Down hole televiewer data has been acquired and received for all the diamond drill and selected RC holes over the length of the mineralised envelope. The data is being reformatted for import into the database. The next stage will be to import this data for the relevant drill holes to compare the interpreted structures with those captured by the televiewer.

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The East Sampson Dam gold Project is well located close to existing gold processing facilities and mining infrastructure. Moho believes that establishment of a suitable gold resource could provide important cash flow for the Company.

NEXT STEPS

  • Collate outstanding Phase 2 RC drilling assay results when available along with downhole density and structural data – Q1 2021

  • Complete metallurgical sighter testwork with master composite analysis - Q2 2021

  • Complete review of downhole logging & diamond drill data to define structural controls on gold mineralisation - Q1 2021

  • Complete new geological model of ESD area in conjunction with RockIT and CSA Global

  • Review geotechnical consultant report on ESD diamond core and site visit – Q1 2021

  • Aircore drilling of auger gold anomalies and geophysical targets north of ESD – H1 2021

  • Resource model and JORC resource – H1 2021

COMPETENT PERSONS STATEMENT

The information in this announcement that relates to Exploration Results is based on information and supporting documentation compiled by Mr Robert Affleck, a Competent Person who is a RPGeo in the field of Mineral Exploration of The Australian Institute of Geoscientists. Mr Affleck is Exploration Manager and a full-time employee of Moho Resources and holds shares in the Company.

Mr Affleck has sufficient experience relevant to the style of mineralisation under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Affleck consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

MOHO’S INTEREST IN SILVER SWAN NORTH TENEMENTS

Moho is the 100% registered owner of granted tenements M27/263, E27/528, E27/626, P27/2232, P27/2390 & E27/613 and applications for E27/623, E27/633, E27/641, P27/2441, & P27/2456 all of which comprise the Silver Swan North Project. The Company has also signed option agreements to acquire M27/488, P27/2200, P27/2216, P27/2217, P27/2218, P27/2226 and P27/2229.

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About Moho Resources Ltd

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Moho Resources Ltd is an Australian mining company which listed on the ASX in November 2018. The Company is focused on gold and nickel exploration at Empress Springs, Silver Swan North and Burracoppin.

Moho’s Board is chaired by Mr Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and Midas Resources Ltd.

Moho has a strong and experienced Board lead by geoscientist Shane Sadleir as Managing Director, Commercial Director Ralph Winter and Adrian Larking, lawyer and geologist, as Non-Executive Director.

Highly experienced geologists Bob Affleck (Exploration Manager) and Max Nind (Principal Geologist) are supported by leading industry consultant geophysicist Kim Frankcombe (ExploreGeo Pty Ltd) and experienced consultant geochemists Richard Carver (GCXplore Pty Ltd) and Dr Carl Brauhart (CSA Global Pty Ltd).

Moho’s geophysical programs and processing and analysis of the results are supervised by Kim Frankcombe (ExploreGeo Pty Ltd) who is a geologist and geophysicist with 40 years’ experience in mineral exploration. He has worked for major mining companies, service companies and for over 20 years as an independent geophysical consultant. He was a member of the discovery team for several significant deposits including one Tier 1 deposit. He manages the ExploreGeo consulting group which provides specialist geophysical advice to explorers.

Dr Jon Hronsky (OA) provides high level strategic and technical advice to Moho. Jon has more than thirty years of experience in the global mineral exploration industry, primarily focused on project generation, technical innovation and exploration strategy development. He has worked across a diverse range of commodities and geographies, and has particular expertise in targeting nickel sulphide and gold deposits.

ENDS

The Board of Directors of Moho Resources Ltd authorised this announcement to be given to ASX.

For further information please contact:

Shane Sadleir, Managing Director Ralph Winter, Commercial Director T: +61 411 704 498 T: +61 435 336 538 E: [email protected] E: [email protected]

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Table 1: Collar Coordinate details – Phase 1 RC Drilling July 2020, East Sampson Dam Prospect, Silver Swan North Project (M27/263)

Hole ID Easting Northing RL Depth Dip Azimuth-
Mag
SSMH0102* 363882.489 6637661.011 371 108 -65 270
SSMH0103* 363906.618 6637663.94 371 126 -65 270
SSMH0104* 363827.364 6637676.723 370 78 -65 270
SSMH0105* 363895.478 6637680.264 370.5 126 -68 270
SSMH0106* 363817.195 6637700.792 370 72 -65 270
SSMH0107* 363812.338 6637723.375 370 60 -65 270
SSMH0108* 363845.43 6637720.069 370 48 -65 270
SSMH0109* 363890.38 6637719.976 371 73 -65 270
SSMH0110* 363885.43 6637734.148 370.9 113 -73 270
SSMH0111 363810.23 6637759.962 368.7 54 -65 270
SSMH0112 363875.068 6637760.216 371 150 -65 270
SSMH0113 363806.167 6637775.123 369 54 -65 270
SSMH0114 363902.604 6637779.886 371 144 -65 270
SSMH0115* 363800.193 6637799.835 369 68 -65 270
SSMH0116* 363818.503 6637799.799 369 78 -65 270
SSMH0117* 363861.734 6637800.021 369 114 -65 270
SSMH0118* 363883.724 6637799.922 370 126 -65 270
SSMH0119* 363818.043 6637821.151 369 66 -65 270
SSMH0120* 363888.36 6637819.541 370 128 -65 270
SSMH0121* 363805.609 6637839.961 369 72 -65 270
SSMH0122* 363835.332 6637840 369.4 90 -65 270
SSMH0123* 363853.076 6637839.836 370.2 102 -65 270
SSMH0124* 363774.834 6637860.09 369.4 54 -65 270
SSMH0125* 363790.289 6637864.938 369.4 66 -65 270
SSMH0126* 363828.532 6637860.175 369 90 -65 270
SSMH0127 363861.455 6637860.059 370 108 -65 270
SSMH0128 363885.32 6637859.857 370.9 120 -65 270
SSMH0129 363767.6 6637880.059 369 53 -65 270
SSMH0130 363798.941 6637880.116 369 66 -65 270
SSMH0131 363844.643 6637878.753 370 108 -65 270
SSMH0132 363791.44 6637900.004 369.5 68 -65 270
SSMH0133# 363816 6637900 369.8 108 -65 270
SSMH0134 363831.275 6637900 400 108 -65 270
SSMH0135 363854.262 6637899.922 369.7 148 -65 270
SSMH0136# 363750 6637920 368 48 -65 270
SSMH0137# 363770 6637920 369 60 -65 270
SSMH0138 363799.765 6637920.861 370 84 -60 270
SSMH0139# 363812 6637920 370 102 -65 270
SSMH0140 363728.489 6637940.282 368 48 -65 270
SSMH0141 363760.643 6637939.992 369 60 -65 270
SSMH0142 363779.758 6637940.266 370 72 -65 270
SSMH0143 363719.768 6637959.994 369 43 -65 270
SSMH0144 363739.615 6637959.892 369 48 -65 270
SSMH0145 363759.524 6637958.876 369 60 -65 270
SSMH0146 363791.63 6637960.1 370 78 -65 270

Notes:

1. Drill hole coordinates MGA94 Zone 51 (GDA94).

2. Collars located with Differential GPS (+/- 30cm accuracy) except for holes marked # that were located with a handheld GPS (+/- 3m accuracy).

3. * Denotes RC drillhole with available assays

JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data – East Sampson Dam RC Drilling

Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling (e.g. cut •The results in this ASX release relates to
techniques channels, random chips, or specific RC drill holes SSMH0115t o SSMH0126 at
specialised industry standard the East Sampson Dam Prospect, Silver
measurement tools appropriate to the Swan North Project.
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc.). These examples •1 metre samples were obtained direct from
should not be taken as limiting the a cone splitter off the RC rig along with a
broad meaning of sampling. duplicate of every metre for future QAQC.
Include reference to measures taken to •The cyclone and cone splitter were levelled
ensure sample representivity and the prior to every hole and checked at each rod
appropriate calibration of any change. In clayey horizons the splitter and
measurement tools or systems used. cyclone were cleaned every metre.
Aspects of the determination of
mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’ work
has been done this would be relatively
simple (e.g. ‘reverse circulation drilling
was used to obtain 1 m samples from
which 3 kg was pulverised to produce a
30 g charge for fire assay’). In other
cases, more explanation may be
required, such as where there is coarse
gold that has inherent sampling
problems. Unusual commodities or
mineralisation types (e.g. submarine
nodules) may warrant disclosure of
detailed information.
Drilling Drill type (e.g. core, reverse circulation, •A 5.5-inch face-sampling RC hammer was
techniques open-hole hammer, rotary air blast, used throughout the program.
auger, Bangka, sonic, etc.) and details
(e.g. core diameter, triple or standard
tube, depth of diamond tails, face-
sampling bit or other type, whether core
is oriented and if so, by what method,
_etc.). _
Drill Method of recording and assessing core •Sample recoveries were monitored by the
sample and chip sample recoveries and results logging geologist and were very high for the
recovery assessed. program.
Measures taken to maximise sample •Drillers focussed on steady advance rather
recovery and ensure representative than chasing metres, with pausing after
nature of the samples. each metre drilled.
Whether a relationship exists between •No relationship between recovery and
sample recovery and grade and grade was observed.
whether sample bias may have
occurred due to preferential loss/gain of
fine/coarse material.
Logging Whether core and chip samples have •All holes were thoroughly logged by an
been geologically and geotechnically experienced senior geologist and project
logged to a level of detail to support geologist as per industry standard.
appropriate Mineral Resource •Logging is qualitative but chip trays are
estimation, mining studies and retained for oversight and check logging.
metallurgical studies.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc.) photography.
The total length and percentage of the
_relevant intersections logged. _
Sub- If core, whether cut or sawn and •All bulk samples were collected in plastic
sampling whether quarter, half or all core taken. green bags at the bottom of a cone splitter
techniques If non-core, whether riffled, tube and ingeneral were dry. Two 1m samples
Criteria JORC Code explanation Commentary
and sampled, rotary split, etc. and whether were collected every metre from the cone
sample sampled wet or dry. splitter in pre-numbered bags.
preparatio For all sample types, the nature, quality •Field duplicates were collected every 50
n and appropriateness of the sample samples. These showed acceptable levels
preparation technique. of variation given the sometime nuggety
Quality control procedures adopted for nature of gold in the area.
all sub-sampling stages to maximise
representivity of samples.
Measures taken to ensure that the
sampling is representative of the in-situ
material collected, including for instance
results for field duplicate/second-half
sampling.
Whether sample sizes are appropriate
to the grain size of the material being
_sampled. _
Quality of The nature, quality and appropriateness •Samples submitted to the assay laboratory
assay data of the assaying and laboratory were weighed, crushed and pulverized to
and procedures used and whether the +95% passing -75 micron. A 40g charge
laboratory technique is considered partial or total. was selected for Fire Assay and AAS finish
tests For geophysical tools, spectrometers, with a detection limit of 0.01ppm Au.
handheld XRF instruments, etc., the •Assay reference standard material was
parameters used in determining the inserted every 50 samples and showed
analysis including instrument make and good agreement with specifications.
model, reading times, calibrations •Internal laboratory assay repeats showed
factors applied and their derivation, etc. good agreement with first results and
Nature of quality control procedures internal standards were in line with
adopted (e.g. standards, blanks, specifications.
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (i.e lack of bias) and precision
_have been established. _
Verification The verification of significant •Significant intersections were checked by
of intersections by either independent or alternative company personnel prior to
sampling alternative company personnel. announcement.
and The use of twinned holes. •No holes were twinned during this drilling
assaying Documentation of primary data, data phase.
entry procedures, data verification, data •Geological logging was on laptop using
storage (physical and electronic) Ocris logging software which was then
protocols. incorporated into Moho’s SQL database.
Discuss any adjustment to assay data. •No assay data are adjusted.
Location of Accuracy and quality of surveys used to •All collars were picked up using a DGPS
data points locate drill holes (collar and down-hole with an accuracy of 0.3m except for those
surveys), trenches, mine workings and surveyed with a GPS and noted in Table 1
other locations used in Mineral in the body of the report.
Resource estimation. •MGA94 Zone 51.
Specification of the grid system used. •Topographic control was by DGPS.
Quality and adequacy of topographic
control.
Data Data spacing for reporting of •Drill holes were approximately 20m apart.
spacing Exploration Results.
and Whether the data spacing and •No resource estimates are quoted.
distribution distribution is sufficient to establish the •Individual 1m samples not composited for
degree of geological and grade reporting purposes.
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications
applied.
Whether sample compositing has been
_applied. _
Orientation Whether the orientation of sampling •The orientation of structures controlling
of data in achieves unbiased sampling of possible grade distribution are not fully defined at
relation to structures and the extent to which this is this stage.
known, considering the deposit type. •At this stage, therelationship between
Criteria JORC Code explanation Commentary
geological If the relationship between the drilling drilling orientation and possible mineralising
structure orientation and the orientation of key structures is unclear. It is expected that
mineralised structures is considered to ongoing analysis of downhole geophysics in
have introduced a sampling bias, this conjunction with DDH logging will clarify
should be assessed and reported if these relationships.
material.
Sample The measures taken to ensure sample •Samples were delivered by company
security security. personnel to assay labs and bags are
secured in the field.
Audits or The results of any audits or reviews of •Inhouse and consultant audits of standards
reviews sampling techniques and data. and duplicate results was carried out which
showed a good performance overall.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary
Mineral Type, reference name/number, location •Moho is the 100% registered owner of
tenement and ownership including agreements or granted tenements M27/263, E27/528,
and land material issues with third parties such P27/2232, P27/2390, E27/613 and the
tenure as joint ventures, partnerships, applicant for ELA27/623 and ELA27/626,
status overriding royalties, native title interests, E27/638, E27/633, E27/639, P27/2441 &
historical sites, wilderness or national P27/2456 all of which comprise the Silver
park and environmental settings. Swan North Project.
The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a license to
_operate inthe area. _
Exploratio Acknowledgment and appraisal of Historical exploration has been completed over
n done by exploration by other parties. various areas covered by Moho’s tenements.
other Companies who have worked in the area
parties include:

Australian-Anglo American JV (1969–
1976)

Union Miniere/WMC Resources Ltd JV
(1974–1975)

Esso Australia Ltd (1979–1981)

Amax Resources Ltd (1982–1984)

CRA Exploration Pty Ltd (1985–1989)

Mount Kersey Mining (1990–1999)

Aurora Gold (1991–1994)

Fodina (MPI/Outokumpu) (1994–1995)

NiQuest (2000–2005)

Mithril Resources (2006–2007)

Lawson Gold (2010–2012)

MohoResources (2015 to present).
Geology Deposit type, geological setting and •The East Sampson Dam gold mineralisation
style of mineralisation. is spatially related in late-stage porphyry
(leucotonalite) dykes which intrude an east-
dipping sequence of sediments, tuffs, black
shale and andesite. The detailed controls
on gold mineralisation are still unclear but
empirically high grade intersections are
closely associated to quartz veins.
Drill hole A summary of all information material to •A summary of all relevant drill hole
Informatio the understanding of the exploration information and intersections for the East
n results including a tabulation of the Sampson Dam prospect are shown in Table
following information for all Material drill 1 and Table 2 in this announcement.
holes:
o easting and northing of the drill hole
collar
o elevation or RL (Reduced Level –
elevation above sea level in meters)
Criteria JORC Code explanation Commentary
of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception
depth
o hole length.
If the exclusion of this information is
justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly
_explain why this is the case. _
Data In reporting Exploration Results, No averaging or cut offs have been applied to
aggregatio weighting averaging techniques, the data.
n methods maximum and/or minimum grade Aggregation of intersections was undertaken
truncations (eg: cutting of high on the latest East Sampson Dam drill holes.
grades) and cut-off grades are All intervals aggregated were of variable
usually Material and should be length and variable grades. Intervals quoted
stated. contain gold values ≥0.5 g/t Au with up to 1m
Where aggregate intercepts of internal dilution and quoted such as
incorporate short lengths of high- SSMH0126: 5m @ 5.95 g/t Au from 47m
grade results and longer lengths of _including_1m @ 15.2 g/t Au from 49m.
low-grade results, the procedure No metal equivalents have been reported.
used for such aggregation should be
stated and some typical examples of
such aggregations should be shown
in detail.
The assumptions used for any
reporting of metal equivalent values
_should be clearly stated. _
Relationshi These relationships are particularly All results quoted herein are downhole lengths
p between important in the reporting of and the true width is not known.
mineralisat Exploration Results. The geometry of high grade mineralisation
ion widths If the geometry of the mineralisation discovered in recent diamond drilling by Moho
and with respect to the drill hole angle is and structural measurements support a
intercept known, its nature should be shallow plunge to the south of around 20°.
lengths reported. This is supported by Leapfrog grade shell
If it is not known and only the down images created by Moho’s consultant
hole lengths are reported, there database manager. Data from downhole
should be a clear statement to this televiewer structural logging will assist in
effect (e.g. ‘down hole length, true confirming this orientation as part of resource
width not known’). modelling studies.
Diagrams Appropriate maps and sections (with Refer to drill hole plan and sections within this
scales) and tabulations of intercepts release.
should be included for any significant
discovery being reported These
should include, but not be limited to
a plan view of drill hole collar
locations and appropriate sectional
_views. _
Balanced Where comprehensive reporting of All results ≥ 0.5 g/t Au are quoted in Table 2 in
reporting all Exploration Results is not this release.
practicable, representative reporting
of both low and high grades and/or
widths should be practiced to avoid
misleading reporting of Exploration
_Results. _
Other Other exploration data, if meaningful No other significant unreported exploration
substantiv and material, should be reported data for East Sampson Dam is available at this
e including (but not limited to): time.
exploration geological observations; geophysical Samples were collected from every metre from
data survey results; geochemical survey 12 holes of the current program to inform and
results; bulk samples – size and assist in bulk tonnage estimation during
method of treatment; metallurgical forthcoming resource estimation studies.
test results; bulkdensity,
Criteria JORC Code explanation Commentary
groundwater, geotechnical and rock
characteristics; potential deleterious
_or contaminating substances. _
Further The nature and scale of planned
Future studies will include; metallurgical
work further work (e.g. tests for lateral testwork, mining studies including resource
extensions or depth extensions or modelling.
large-scale step-out drilling).
Exact sites of any future drilling are still being
Diagrams clearly highlighting the assessed.
areas of possible extensions,
including the main geological
interpretations and future drilling
areas, provided this information is
_not commercially sensitive. _