Major Gold Anomaly Discovered at Moho's Silver Swan North Project
Moho Resources (ASX:MOH) has identified a significant 4 km long by 1 km wide gold anomaly at its Silver Swan North Project, strategically positioned just 40 km from Kalgoorlie-Boulder in Western Australia's Eastern Goldfields region.
Extensive Gold Anomaly Reveals Untapped Potential
The recent soil sampling program—marking the company's first gold exploration effort on the traditionally nickel-focused project—has yielded compelling results. The newly identified gold anomaly at Moho Resources shows gold values above 10 parts per billion (ppb), with peaks reaching up to 71 ppb. Within this broader zone, a higher-grade core extends 1.4 km with gold values exceeding 20 ppb.
What makes this discovery particularly interesting is that it represents a continuation of Horizon Mineral's "Southern Anomaly," which sits on the northern border of Moho's E27/623 tenement.
"This soil sampling program has identified a substantial gold anomaly that highlights the exceptional gold prospectivity of the Silver Swan North Project," said the company in its announcement to the ASX.
Prime Location in Golden Real Estate
The Silver Swan North Project enjoys a strategic position within one of Australia's most productive gold regions:
- Located just 40 km from Kalgoorlie-Boulder
- Positioned 2 km from Horizon Mineral's Black Swan Plant Gold Conversion Project
- Multiple operating gold mines within a 40 km radius
- Situated on the eastern flank of the Kanowna/Scotia Dome in the Boorara Domain
- Near the regional Mount Monger-Moriarty Fault, which separates two major tectonic domains
The project effectively straddles the boundary between the Kurnalpi Terrane to the east and the Kalgoorlie Terrane to the west, with notable gold mining camps including Kanowna Belle, Gordon-Sirdar, Mulgarrie, and Gindalbie all within 30 km. This positioning is similar to Austin Metals' recently identified high priority gold targets in the region.
Understanding Soil Sampling in Gold Exploration
Soil sampling represents a fundamental first step in gold exploration and is particularly effective in areas with suitable weathered rock cover like the Eastern Goldfields.
The technique works by collecting consistent samples from 20-30 cm below the surface, sieving them to a uniform particle size (in this case minus 100 microns), and analysing them for trace elements. Gold values exceeding 10 ppb are considered anomalous and warrant further investigation, especially when they form coherent patterns over significant distances.
A 4 km anomaly as identified at Silver Swan North is considered substantial in gold exploration circles, particularly as it contains a higher-grade core. Such extensive anomalies often indicate potential for a significant underlying gold system, similar to what Solstice Minerals discovered at their Bluetooth prospect.
| Anomaly Characteristics | Measurements |
|---|---|
| Total Length | 4 km |
| Width | 1 km |
| Threshold Value | >10 ppb gold |
| Peak Value | 71 ppb gold |
| Higher-Grade Core | 1.4 km at >20 ppb gold |
Next Steps: Aircore Drilling Program
With this promising soil sampling data in hand, Moho Resources is preparing to advance the project to the next exploration phase. The company has announced plans for a preliminary aircore drilling program that will test both:
- The oxide profile (weathered zone)
- The basement rocks for a primary gold source
Aircore drilling is ideally suited for this stage of exploration as it can efficiently test large areas to moderate depths and provide valuable information about subsurface geology and potential mineralisation. Furthermore, this approach has proven successful at projects like Matsa Resources' Fortitude North, where high-grade gold was recently discovered.
Why This Matters to Investors
This discovery presents several compelling reasons for investors to take notice of Moho Resources:
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Strategic Location: The project sits in one of Australia's premier gold regions with established processing infrastructure nearby.
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Untested Gold Potential: Despite the region's rich gold endowment, this particular area has historically been explored primarily for nickel, leaving the gold anomaly at Moho Resources largely untapped.
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Significant Anomaly Size: A 4 km gold anomaly represents a substantial exploration target with scale potential.
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Extension of Known Mineralisation: The anomaly continues from Horizon Mineral's ground, providing additional geological validation.
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Clear Path Forward: With aircore drilling planned, investors can expect a steady flow of news as the project advances, similar to the recent drilling success at Mt Palmer.
Regional Geological Context
The Silver Swan North Project is situated in a geologically favourable position within the Eastern Goldfields Superterrane of the Yilgarn Craton. This region is renowned for hosting numerous world-class gold deposits, many of which have been in production for decades.
The project area straddles the boundary between two major tectonic domains:
- Kalgoorlie Terrane: To the west, known for hosting the Golden Mile deposits
- Kurnalpi Terrane: To the east, containing significant gold and nickel mineralisation
The regional Mount Monger-Moriarty Fault runs east of the project area and serves as a significant structural corridor potentially controlling mineralisation. The property's position on the eastern flank of the Kanowna/Scotia Dome is particularly noteworthy as dome structures often create ideal settings for gold accumulation.
Historical Context of the Discovery
The identification of this gold anomaly at Moho Resources is particularly significant considering the historical focus on nickel exploration in the area. The Silver Swan North Project has traditionally been explored for nickel sulphide deposits, with limited attention paid to its gold potential despite being situated in one of Australia's richest gold provinces.
This oversight has created an opportunity for Moho, which has now conducted the first systematic gold-focused soil sampling program across the property. The results confirm that significant gold potential exists alongside the previously identified nickel prospects.
The continuation of Horizon Mineral's "Southern Anomaly" onto Moho's ground suggests a more extensive mineralised system than previously recognised, potentially enhancing the economic prospects of both properties. In addition, such regional continuity of mineralisation is also evident in Sunshine Metals' promising gold-silver veining at their nearby projects.
Investment Considerations
Moho Resources presents an interesting opportunity for investors seeking exposure to gold exploration in a tier-one jurisdiction. The company has a 100% ownership position in the Silver Swan North Project, providing maximum leverage to exploration success.
The Gold Fields region around Kalgoorlie has produced numerous multi-million-ounce gold deposits over decades. With a substantial anomaly now identified and drilling planned, Moho is positioned to potentially make a significant discovery in this fertile gold terrain.
As the company advances toward its planned aircore drilling program, investors should watch for announcements regarding drilling commencement, preliminary results, and any expansion of the exploration program based on initial findings.
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