Bush Chook Drilling Confirms Key Gold Alterations; Project Expands to 440 km²

Maiden Drilling Program Yields Encouraging Geological Signs

Moho Resources Ltd (ASX, MOH) has wrapped up its initial drilling campaign at the Swan Prospect within the Bush Chook Gold Project, located in Western Australia's prolific Pilbara region. The four completed drill holes, spanning 540 metres, intercepted two key alteration mineral assemblages beneath soils exhibiting elevated gold values. These assemblages; quartz-goethite and quartz-pyrite-chlorite; are commonly associated with oxide and primary gold mineralisation respectively, suggesting the geological setting is favourable for gold deposits.

While laboratory assays are still pending, with results expected by late January 2026, the visual identification of these alteration styles provides a positive early indicator. The drilling program was curtailed by adverse weather, deferring five additional holes to March 2026 or sooner, depending on conditions.

Strategic Tenement Acquisition Boosts Exploration Pipeline

In a significant move to bolster its exploration footprint, Moho has acquired 15 neighbouring prospecting licences from Codrus Minerals Limited (ASX, CDR). This acquisition, settled through the issuance of 15 million fully paid ordinary shares subject to a three-month voluntary escrow, expands the Bush Chook Project area to approximately 440 square kilometres.

Importantly, twelve of these licences lie outside native title claims, potentially streamlining permitting and reducing operational costs. The newly acquired ground hosts six drill-ready targets, none of which have been previously drilled. Surface sampling has returned compelling results, including trench samples grading up to 1.86 grams per tonne gold over 9 metres and rock chip assays reaching as high as 13.6 grams per tonne.

Outlook and Next Steps

Moho’s Chairman, Peter Christie, expressed optimism about the company’s position heading into 2026, highlighting the alignment of initial drilling results with known regional mineralisation styles and the value added by the recent tenement acquisition. The company plans to resume drilling on deferred holes and initiate exploration on the new licences as soon as weather and permitting allow.

The detailed geological logging and sampling methodologies employed adhere to the JORC Code standards, underscoring the technical rigour behind the exploration efforts. As Moho awaits assay results, the market will be watching closely to gauge the potential scale and grade of mineralisation at Bush Chook.