Moho Resources Expands Pilbara Gold Footprint with High-Grade Targets
Moho Resources has significantly expanded its Bush Chook Gold Project in Western Australia’s Pilbara Craton, acquiring nine new tenements that reveal multiple high-grade gold zones yet to be drill tested.
- Acquisition of nine new tenements expands Bush Chook Project to 386km²
- Project located in Mosquito Creek Basin, geologically akin to Northern Star’s Mallina Basin hosting Hemi deposit
- Rock chip samples up to 28.6 g/t gold confirm high-grade mineralisation
- No prior drilling in key gold outcrop areas highlights discovery potential
- Acquisition includes cash, shares, and performance rights with regulatory approvals pending
Strategic Expansion in a Promising Gold Province
Moho Resources Ltd (ASX, MOH) has taken a decisive step to become the dominant explorer in Western Australia’s Mosquito Creek Basin by agreeing to acquire eight prospecting licences and one exploration licence. This acquisition will expand its Bush Chook Gold Project to an impressive 386 square kilometres, positioning Moho as the largest landholder in this emerging gold hotspot.
The Mosquito Creek Basin, while less explored than its neighbour the Mallina Basin, shares a comparable geological setting. The Mallina Basin is renowned for hosting Northern Star Resources’ Hemi deposit, a world-class gold resource containing over 11 million ounces. Moho’s new ground lies within this similarly prospective terrain, offering a tantalising opportunity to replicate such success.
High-Grade Gold Mineralisation Uncovered
Additional soil and stream sediment sampling has revealed extensive anomalous gold signatures over approximately 6.5 kilometres, further highlighting the prospectivity of the area. The lack of previous drilling in these zones suggests that Moho is poised to make new discoveries as it advances its exploration program.
Neighbouring Activity and Infrastructure Advantages
The Bush Chook Project neighbours AIM Mining Corp’s Nullagine Gold Project, a historically productive operation that yielded over 543,000 ounces of gold between 2012 and 2019. AIM Mining is actively developing infrastructure in the region, including a new mining camp and road upgrades, which could benefit Moho’s exploration logistics.
The proximity to the Golden Eagle processing plant, capable of handling 1.8 million tonnes per annum, adds further strategic value. This existing infrastructure could facilitate a smoother transition from exploration to potential production if significant resources are delineated.
Acquisition Terms and Future Plans
The acquisition agreements include a combination of cash payments, the issuance of shares, and performance rights contingent on future resource milestones. Completion is subject to due diligence, regulatory approvals, and the granting of licences, with conditions precedent spanning up to twelve months for some tenements.
Moho has already commenced low-impact geological mapping and rock chip sampling while licences remain in application, aiming to expedite drill testing once approvals are secured. The company’s leadership expresses confidence that underinvestment in the Mosquito Creek Basin to date presents a prime opportunity to uncover the next significant Pilbara gold discovery.
Geological Context and Exploration Outlook
The Mosquito Creek Basin shares a similar age and tectonic history with the Mallina Basin, both formed around 2.9 billion years ago and hosting turbidite-hosted orogenic gold deposits. While the Mallina Basin has seen a surge in exploration following the Hemi discovery in 2019, the Mosquito Creek Basin’s exploration expenditure has contracted by 67% since then, leaving substantial ground for new entrants like Moho to explore.
Moho’s exploration manager, Graeme Hardwick, brings relevant expertise to the project, ensuring that sampling and data compilation meet industry standards. The company’s methodical approach and strategic land acquisitions could well position it to unlock significant value in this underexplored region.
Bottom Line?
As Moho advances towards drilling in these high-grade, underexplored zones, the Pilbara’s next gold discovery may be just on the horizon.
Questions in the middle?
- When will Moho secure all necessary regulatory approvals and grant of licences to commence drilling?
- What scale of gold resource might Moho delineate from the newly acquired tenements?
- How will AIM Mining’s regional infrastructure developments influence Moho’s exploration and potential production timelines?
