Moho Resources (ASX:MOH)

Moho Resources Company Update

Moho Resources Limited (ASX:MOH) (“Moho”) (“the Company”) is pleased to provide an update on its exploration and strategic review.


SUMMARY:
  • Moho has completed a soil sample over the entire Weld Range project to determine the nature of the previously identified gravity and magnetic features that could represent a mafic – ultramafic intrusion prospective for copper-nickel sulphide and gold mineralization. Assays are expected in Q4 2024.
  • Moho is evaluating the mineral potential at is Black Swan South project (E27/063).
  • Moho is undertaking a comprehensive review of its existing projects and evaluating potential new acquisition opportunities which is expected to have the potential to enhance returns for shareholders.

Weld Range North Project (E20/1012)

The Company is pleased to advise that the full-scale tenement soils sample survey over the Weld Range North project has been completed with assays pending (Fig 1).

This work follows the orientation soil sample survey that was completed in 2023 (MOH ASX 23rd Aug 2023; Anomalous Soils Enhance Ni Prospectivity at Weld Range North), which identified elevated Ni assays over a coincidental Magnetic anomaly (Fig2) and a Gravity Bullseye anomaly (Fig 3).

The follow up 298 soil sample survey was completed to further delineate the extend of the mafic – ultra mafic geochemistry signature over the magnetic and gravity anomalies and the remainder of the tenement. This survey has also outlined the different soil types at the tenement.

Fig 1, Soil Sample Survey over Google Image, showing sample soil types


Click here for the full ASX Release


This article includes content from Moho Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.


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