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Drill Rigs Keep Spinning Across WA

COMMODITY CAPERS: Here at The Roadhouse, we often hear from companies of the difficulties they encounter trying to source drilling rigs to enable them to carry out exploration.

Our curiosity landed us on the webpage for the Western Australia Department of Jobs, Tourism, Science and Innovation, which delivered some sobering information.

We all know WA punches above its weight in terms of the Australian economy.

According to the Department, in 2019-20, WA achieved resource sales valued at $172 billion, making it a leading global resources precinct with a substantial global share of production for major and strategic commodities.

In 2019, WA’s share of global resources production included:

59 per cent of lithium, 32 per cent of iron ore; 29 per cent of garnet; 13 per cent of LNG; 12 per cent of rare earths; 12 per cent of zircon; 11 per cent of alumina; 11 per cent of diamonds, 6 per cent of gold; 6 per cent of nickel; 5 per cent of ilmenite; 4 per cent of cobalt; and 4 per cent of salt.

Not bad for a jurisdiction that boasts just 0.03 per cent of the global population.

“Western Australian mining operators have developed this scale of production capacity with a small population base through local development of leading technology, services and equipment,” the Department of Jobs, Tourism, Science and Innovation said.

“Western Australia is the global leader in autonomous and remote mining operations.”

This is where things got interesting.

The department provided a quick inventory of large-scale mining equipment across the state.

To produce the above-mentioned figures the industry is currently using just over 400 operating autonomous haul trucks across iron ore and open cut gold operations with more than 150 autonomous haul trucks to be added to the fleet.

The figure that raised The Roadhouse eyebrows was that there are only 48 autonomous drilling rigs in operations at mine sites.

Little wonder then, companies are screaming for rigs at a time when money is abundant and the global thirst for commodities constantly on the rise.

To exemplify what we mean, we took a random sampling of drilling underway across the state.

 

KAIROS MINERALS (ASX: KAI)

Kairos Minerals has just completed a program of reverse circulation (RC) drilling at the company’s 100 per cent-owned Roe Hills project, located east of Kalgoorlie.

The drill program comprised 20 holes testing high-priority gold and nickel targets at the Caliburn, Talc Lake and Black Cat prospects.

“We’re really excited to now have this drilling program complete, with the results expected to provide an important assessment of the high-priority gold and nickel targets at Roe Hills,” Kairos Minerals executive chairman Terry Topping said.

“We expect to receive assay results within the next six to seven weeks, however visual analysis of the RC chips indicates plenty of exciting potential, particularly at the Black Cat prospect where we can see broad zones of significant sulphides.”

If you think drill rigs are in short supply, try counting the number of lab analysts that are needed to keep up with demand.

Kairos indicated it would no be waiting at least six weeks for the results of this program to hit its inbox.

Undeterred, the company is now moving the rig to its other project, the Mt York gold project in the Pilbara, where current Mineral Resources stand at 873,000 ounces of gold.

That means transporting the rig from Kalgoorlie to the Pilbara, a trek that most other jurisdictions would no doubt consider outrageous.

MOHO RESOURCES (ASX: MOH)

Moho Resources announced the commencement of diamond drilling at the Crossroads prospect, located in the WA Wheatbelt and about 22km west of the Edna May gold mine.

The Crossroads prospect is part of Moho’s Burracoppin gold project, which is subject to a 70:30 Joint venture with IGO Limited.

The four-hole coring program of approximately 600m has been designed to follow up mineralisation the company encountered in its January 2021 RC drilling program.

“Moho is again fortunate to have secured West Core Drilling to undertake our maiden diamond drilling program at the Crossroads prospect,” Moho Resources managing director Shane Sadlier said.

“We are particularly looking forward to identifying the orientation of structures controlling the gold mineralisation intersected in the recent RC drilling program, and to then apply these findings to subsequent exploration programs.”

The program is partially funded by the WA Government as part of its Exploration Incentive Scheme to test a potential Intrusive-Related Gold mineral system at the Crossroads prospect.

 

 

Ralph Winter Moho Resources (ASX: MOH) April 2021

Moho Resources (ASX: MOH) commercial director Ralph Winter zoomed into The Resources Roadhouse to provide an update on exploration activities at the company’s Silver Swan North and Burracoppin projects in Western Australia and its Empress Springs project in Queensland.

Moho Resources Identifies New High-Grade Gold Zones

THE DRILL SERGEANT: Moho Resources (ASX: MOH) reported hitting additional high-grade gold zones at the northern end of the company’s East Sampson Dam prospect in Western Australia.

Moho Resources encountered the mineralisation during phase 2 reverse circulation (RC) infill and extension resource definition drilling on the prospect.

Assay results from the final 20 RC holes of the program contain mineralised intervals and new mineralised zones that extends high-grade gold mineralisation a further 40 metres north along strike.

Results include:

SSMH0139
6 metres at 11.03 grams per tonne gold from 62m, including 1m at 43.5g/t gold from 64m, 1m at 10.7g/t gold from 63m and 1m at 8.8g/t gold from 62m;

SSMH0132
4m at 1.82g/t gold from 42m, including 1m at 5.22g/t gold from 45m;

SSMH0130
2m at 3g/t gold from 43m;

SSMH0144
3m a 2.95g/t gold from 19m, including 1m at 5.2g/t gold from 19m and 1m at 2.38g/t gold from 21m; and

SSMH0142
1m at 7.05g/t gold from 42m.

“Moho’s exploration team continues to make excellent progress at East Sampson Dam,” Moho Resources managing director Shane Sadlier said in the company’s ASX announcement.

“The latest RC drill results extend gold mineralisation down plunge at the southern end of the prospect and highlight the potential to discover additional gold mineralisation at the northern end of the prospect.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

 

Moho Resources Identifies New East Sampson Gold Zones

THE DRILL SERGEANT: Moho Resources (ASX: MOH) claimed identification of additional high-grade gold zones at the company’s East Sampson Dam prospect in Western Australia.

Moho Resources made the identification during a recent 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 prospect.

The drilling produced encouraging high-grade gold results of:

SSMH0117
1 metre at 9.6 grams per tonne gold from 92m;

SSMH0126
5m at 5.95g/t gold from 47m, including 1m at 15.2g/t gold from 49m and 1m at 11.1g/t gold from 51m;

SSMH0123
6m at 3.57g/t gold from 83m, including 2m at 2.43g/t gold from 84m and 1m at 15.6g/t gold from 88m; and

SSMH0119
2m at 2.67g/t gold from 43m, including 1m at 4.04g/t gold from 43m.

“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,” Moho Resources managing director Shane Sadleir said in the company’s ASX announcement.

“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.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

Moho Resources Scores Surprise Gold Mineralisation Hits

THE DRILL SERGEANT: Moho Resources (ASX: MOH) was surprised to find that drilling can lead to mineralisation.

Moho Resources reported it had encountered “additional unexpected high-grade gold assay results” from a diamond drilling campaign to infill and extend gold mineralisation at the company’s East Sampson Dam gold prospect in Western Australia.

The drilling intersected multiple zones of high-grade gold mineralisation in diamond drill hole SSMH0100, including:

7 metres at 4.78g/t gold from 51m, including 1m at 22.2g/t gold from 53m;
5m at 8.01g/t gold from 59m, including 1m at 23.5g/t gold from 60m;
2m at 6.91g/t gold from 77m; and
3m at 0.79g/t gold from 72m.

SSMH0100 discovered four new unexpected and significant gold intercepts outside of known mineralised zones.

The predominantly high-grade gold intersections appear to extend high-grade mineralisation previously discovered in MRC008, SSMH0067 and SSMH0091 into new areas.

This new mineralisation is found in saprolitic tuff with minor quartz veining and is in line with previous observations of there being no visible high-grade gold in the drill core.

“These unexpected diamond drilling results are very encouraging and highlight the potential to discover additional high-grade gold zones at Moho’s 100 per cent-owned East Sampson Dam prospect,” Moho Resources managing director Shane Sadlier said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

Moho Resources Preparing Early Start to 2021 Drilling Regime

THE DRILL SERGEANT: Moho Resources (ASX: MOH) is focussing on next year with the announcement that drilling will recommence in January 2021 at the Crossroads gold/silver prospect, part of the company’s Burracoppin gold project in Western Australia.

Moho Resources has already completed a maiden aircore drilling program at Crossroads, which is located about 22 kilometres west of the Edna May gold mine.

The drilling in June returned results of individual one-metre samples, having encountered gold/silver mineralisation in bedrock with up to 0.61 grams per tonne gold and 5.53g/t silver in bottom of hole (BOH) samples.

The gold mineralisation is associated with other pathfinder elements identified as silver, arsenic, antimony, tellurium and bismuth.

Moho was recently awarded a co-funded drilling grant of up to $147,526 from the WA Government as part of its Exploration Incentive Scheme.

“Moho greatly appreciates the WA government’s financial assistance under the Exploration Incentive Scheme to test the Crossroads gold/silver prospect for a potential Intrusive Mineral System,” Moho Resources managing director Shane Sadlier said in the company’s ASX announcement.

“We are looking forward to implementing our maiden RC and diamond drill programs early next year.”

Moho’s maiden 25-hole reverse circulation (RC) drill program will commence in January 2021, targeting extensions to the previously defined shallow bedrock gold and silver mineralisation at the Crossroads prospect.

Three diamond holes will be drilled at locations to be determined following receipt of the RC assay results.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

Moho Resources Announces High-Grade Hits from East Sampson Dam

THE DRILL SERGEANT: Moho Resources (ASX: MOH) voiced its feelings of encouragement on receipt of results from drilling to infill and extend gold mineralisation at the company’s East Sampson Dam (ESD) gold prospect in Western Australia.

Moho Resources’ first results back from the lab include:

SSMH0095
2m at 18 grams per tonne gold from 105m, including 1m at 34.8g/t gold from 106m; and

SSMH0097
6m at 5.63g/t gold from 18m, including 1m at 16.2g/t gold from 19m, and 1m at 13.5g/t gold from 23m.

“These initial diamond drilling results are very encouraging and highlight the significant gold production potential of Moho’s East Sampson Dam prospect” Moho Resources managing director Shane Sadlier said in the company’s ASX announcement.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

Moho Resources Expands Silver Swan Tenure

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

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

Moho Resources Pleased with Sampson Dam Gold Recoveries

THE DRILL SERGEANT: Moho Resources (ASX: MOH) reported results from preliminary metallurgical tests conducted on composite samples of gold mineralisation from the East Sampson Dam gold prospect at the company’s Silver Swan North project in Western Australia.

Moho Resources declared the results as “excellent” with the composite samples representing 99 per cent of mineralisation within the prospect’s preliminary pit shell design.

Conventional cyanide leaching yielded 95.6 per cent and 95.9 per cent overall gold recovery replicating standard Kalgoorlie toll treatment processing.

Reasonably high gold recoveries of 41.8 per cent to 52.9 per cent were also achieved from conventional gravity tests.

“Moho is very encouraged by the positive metallurgical results on the East Sampson Dam samples, particularly as they represent greater than 99 per cent of mineralisation within preliminary pit shell design and the high overall gold recoveries have been achieved using conventional cyanide leaching similar to standard Kalgoorlie toll treatment plants,” Moho Resources managing director reiterated in the company’s announcement to the Australian Securities Exchange.

Moho had the tests carried out as part of a scoping study that is assessing the potential viability of East Sampson Dam gold mineralisation.

Further test work is hoped to provide information, armed with which Moho may approach toll millers to secure a toll milling agreement, confident that the potential mineralisation to be mined can be treated successfully through their mill at their operating conditions.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@mohoresources.com.au

 

Web: www.mohoresources.com.au

 

Moho Resources Completes Aircore Drilling at Burracoppin

THE DRILL SERGEANT: Moho Resources (ASX: MOH) completed its first aircore drill program to follow up gold and arsenic anomalies on the Crossroads prospect at the company’s Burracoppin gold project in Western Australia.

Moho Resources drilled 37 reconnaissance air core holes across coincident gold and arsenic anomalies in soils and auger drill samples at the Crossroads prospect during March 2020.

The air core drilling also traversed a north – south structure interpreted by Moho’s consultant geophysicist and a re-evaluated EM anomaly.

Lithologies noted during drilling included biotite schist/amphibolite, granite and quartzite.

“Drill samples have been submitted to SGS for gold and multi element analysis after aqua regia digest,” Moho Resources said in its ASX announcement.

“Moho anticipates releasing the results in late April 2020, following receipt of the assays and appropriate checks.”

 

Email: admin@mohoresources.com.au

Web: www.mohoresources.com.au