Moho Resources (ASX:MOH) get high grade REEs at Top BlockNovember 27, 2023
Moho Resources has confirmed thick, high-grade clay-hosted rare earths at its aptly named Top Block prospect, part of its Peak Charles project near Esperance, Western Australia.
During the second phase of drilling, which had 300 parts per million cut off, over one-third of the assay results showed rare earth element (REE) values greater than 750 parts per million total rare earth oxides (TREO) along a prospect of 1.4 kilometres or more.
The highest quality composite sample was found in Doc #1, at 56-58 meters deep, with a TREO value of 2118 parts per million.
Over 80% of the 43 drill holes returned assays greater than 300 parts per million TREO.
“The second phase of Outstanding Total Rare Earth results from Peak Charles with large thicknesses of clay-hosted rare earth mineralization over 1.4km is a fantastic outcome for the company’s critical minerals strategy,” Moho Managing Director Ralph Winter said.
“With positive landholder relationships being cultivated, the company is perfectly situated to take advantage of the burgeoning clay-hosted rare earth province near Esperance and now has multiple targets to expand across the project,” he said.
The next steps for the company include a passive seismic survey and drilling at Top Block, Gimli, and Rollond East.
About Peak Charles Project
Moho’s Peak Charles Project is a 719km2 tenement package located 90km NW of Esperance, Western Australia. It comprises 5 granted exploration licenses (E74/695, E74/766, E63/2162, E63/2163, E63/2344) and 1 pending license application (E74/694) and was acquired from Whistlepipe Exploration Pty Ltd. It was initially explored for Ni-Cu sulphide and gold, showing potential for large-scale, clay-hosted REE mineralisation.
Please note the following valuable information before using this website.
Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.