THE BOURSE WHISPERER: Moho Resources (ASX: MOH) has increased its landholding position at the company’s Silver Swan North project in Western Australia.
Moho has taken an Option to Purchase 100 per cent of granted mining lease and six prospecting licences covering 6.6 square kilometres.
The granted mining lease under question – M27/488 – is contiguous with Moho’s 100 per cent-owned M27/263, and represents a substantial increase in ground holding close to the East Sampson Dam gold prospect.
Moho recently completed a surface soil geochemical sampling program over its granted tenements at Silver Swan North that will be extended to cover any of the recent applications should they be granted.
The company will pay particular attention to testing whether anomalous gold within the East Sampson Dam – Tyrells corridor extends into a 2km zone from M27/263 through M27/488 and into P27/2200.
“Moho’s recent ground acquisitions represent a significant addition of highly prospective tenements to the Silver Swan North project, most of which have seen no modern gold exploration,” Moho Resources managing director Shane Sadlier said in the company’s announcement to the Australian Securities Exchange.
“It is worth noting that all of the Option Tenements have a history of significant alluvial gold production.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE