Moab Minerals Limited (ASX:MOM) is preparing to follow-up a promising gold in soil anomaly with further exploration activities at its Mt Amy Gold Project located in the Gascoyne region of Western Australia.
“We are pleased to update shareholders with the results from the gold sampling program completed at Mt Amy in November 2022, with a gold in soil anomaly generated that justifies follow-up sampling to determine the extent of the anomaly,” Managing Director, Malcolm Day, said.
The company is currently scheduling further work as soon as the northern wet season abates.”
Moab completed a programme of BLEG1 soil sampling for gold and base metals in November 2022, following up historical gold geochemical and rock chip anomalies at Mt Amy, which is situated at the northern extent of the Ashburton Basin where it meets the Carnarvon Basin.
Historical exploration, principally by Sandfire Resources NL, identified a coherent gold in soil anomaly up to 1.0km long and 400m wide as well as gold-anomalous rock chip samples in adjacent areas that have not been followed up.
The soil sampling programme involved 216 samples which were collected on 400m x 40m sample spacings in two separate areas. This sample spacing is still of a reconnaissance scale and significant anomalies will require in-fill sampling to determine their full extent.
Moab considers that the single anomalous value of 687ppb Au and 834ppb Ag justifies follow-up sampling on a more detailed sample spacing to determine the dimensions of the anomaly, with other anomalies to be assessed and followed-up as justified. Sampling on the western grid provided results that did not support the historical gold anomaly, and therefore no further work will be undertaken on that target.
The Mt Amy Gold Project is located at the northern extent of the Nanjilgandy Fault, the same structure that hosts the Paulsens and Mount Olympus gold deposits to the south.
The “Capricorn Seismic Line” (10GA-CP-1) completed by the GSWA concluded that the regional scale Nanjilgardy and the Baring Downs faults are major orogenic structures and are mantle tapping and therefore may be spatially related to large gold deposits.
For further information please visit: https://www.moabminerals.com.au/
