Moho to Drill Up to 1,600m at Swan Prospect Following Rig Breakdown

Drilling Resumes at Swan Prospect

Moho Resources Ltd (ASX, MOH) has announced the engagement of a new drilling contractor to advance its maiden reverse circulation (RC) drilling campaign at the Swan Prospect, part of the Bush Chook Project in Western Australia's prolific Pilbara region. This move follows an unexpected rig breakdown that delayed the initial contractor's mobilization, pushing the new rig to arrive on site by 7 December.

The planned drilling program aims to complete between 1,000 and 1,600 metres across two to three drill lines, targeting depths of 160 to 200 metres. This effort will test a compelling 1.4-kilometre-long by 250-metre-wide gold soil anomaly, with assays reaching up to 330 parts per billion gold (ppb Au), situated just 10 kilometres from AIM Mining’s renowned Blue Spec high-grade gold-antimony deposit.

Strategic Significance of the Swan Prospect

The Swan Prospect anomaly was identified through an infill soil sampling program, part of Moho’s broader strategy to evaluate over 100 historic gold anomalies across the Bush Chook tenure, none of which have previously been drilled. The project lies within the Mosquito Creek Basin, a region with a rich gold endowment, including 2.5 million ounces of past production and current resources, and neighbours AIM Mining’s Nullagine Gold Project.

Geologically, the Swan Prospect is positioned within a structurally complex antiform hinge zone, featuring subcropping quartz reefs aligned parallel and obliquely to the fold axis. This setting is considered highly prospective for orogenic gold mineralisation, similar to nearby deposits that have delivered significant economic returns.

Looking Ahead, Accelerated Exploration in 2026

Moho’s Chairman, Peter Christie, emphasised the company’s commitment to rapidly advancing exploration despite operational setbacks. With earthworks for drill pads and access tracks already completed, the company is poised to deliver initial drilling results swiftly. Mr Christie highlighted plans for a busy 2026 field season focused on converting the extensive portfolio of historic anomalies into drill-ready targets, supported by systematic soil and rock chip sampling programs that have yielded encouraging gold grades up to 28.6 grams per tonne.

Beyond the Swan Prospect, Moho has delineated four key target zones within its 386 square kilometre landholding, each showing promising signs of gold mineralisation. These include high-grade rock chip samples and extensive soil anomalies that will form the backbone of the company’s exploration push next year.

Context Within the Pilbara Gold Renaissance

The Pilbara region has emerged as a hotspot for gold discoveries over the past decade, exemplified by De Grey Mining’s Hemi deposit, which was acquired by Northern Star Resources for $5 billion. Moho’s Bush Chook Project benefits from this geological momentum and proximity to established infrastructure, including the Golden Eagle processing plant servicing the Nullagine Gold Project.

While the drilling results at Swan are eagerly awaited, the strategic location, robust sampling data, and methodical exploration approach position Moho Resources as a company to watch in the evolving Pilbara gold landscape.