Moho Resources Ltd (ASX:MOH) has begun preparations to launch a second phase 47-hole reconnaissance and infill aircore drill program at E74/695 within the company’s 100%-owned Peak Charles Project in WA.
The program has been designed to follow-up on the encouraging intersections of rare earth elements (REE) encountered in a recent reconnaissance drilling.
The second phase of drilling will be carried out along road reserves and existing tracks, extending towards the newly-termed Top Block Prospect to test continuity of clay-hosted REE mineralisation between the Northern Track, Pyramid and Ned’s Corner prospects, where MOHO recently intersected grades up to 1,890 parts per million (ppm) total rare earth oxides (TREO).
Peak Charles Project aircore drill hole location plan showing phase 1 and 2 collars.
Testing extent
“Moho has developed an exciting follow-up program to build on initial significant clay-hosted results and to gauge the extent of rare earth mineralisation across the tenement,” Moho managing director Ralph Winter said.
“Part of the program is also designed to test the area bordering the known REE at OD6 Metals’ Grass Patch-Belgian Road Prospect."
Winter was referring to the Rolland East Prospect, which borders the Grass Patch-Belgian Road Prospect where high grades up to 3,300 ppm TREO were recently reported.
Magnetic survey
Moho recently completed an airborne geophysical survey across the Peak Charles tenement package, which is expected to provide detailed aeromagnetic data that will be used in conjunction with drilling and assay data to refine targets for future exploration programs.
The survey consisted of 10,339 line-kilometres of gradiometer magnetics and radiometric surveying at 100 metre-line spacing.
Data processing and interpretation is underway and will assist in defining exploration targets.
Next steps
In the coming months, Moho’s workplan will include:
- reviewing assay results from the phase two aircore drilling once received;
- metallurgical test work to determine REE extraction from the clay zone;
- geophysical interpretation of recently acquired airborne magnetics to outline granite basement topography required for ionic clay target modelling; and
- land access agreements with landholders.
The Peak Charles Project is an 874-square-kilometre contiguous tenement package about 88 kilometres northwest of Esperance in Western Australia.
It comprises three granted exploration licences (E74/695, E63/2162, E63/2163) and two pending exploration licence applications (E74/694 and E74/766).
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