Moho Resources has significantly expanded its Bush Chook Gold Project footprint in Western Australia, reporting promising high-grade gold assays and initiating its first drilling campaign at the Swan Prospect. The company also secured $2 million in funding to accelerate exploration activities.
- Bush Chook Gold Project footprint expanded to 440km²
- High-grade rock chip assays up to 6.98g/t gold extend mineralised trends
- Maiden reverse circulation drilling commenced at Swan Prospect with four holes completed
- Secured $2 million via a two-tranche placement to fund exploration
- Strategic divestment of Silver Swan North Project enhances balance sheet
Expanding the Bush Chook Footprint
Moho Resources Ltd has made notable strides in advancing its Bush Chook Gold Project, located in Western Australia's Pilbara region. The company has expanded its project footprint to 440 square kilometres, consolidating a significant landholding in the Mosquito Creek Basin, a historic gold province with past production exceeding 2.5 million ounces. This expansion positions Moho alongside established neighbours such as AIM Mining’s Nullagine Gold Project, known for its high-grade deposits.
Encouraging Surface Sampling Results
Recent exploration activities have yielded high-grade rock chip assays up to 6.98 grams per tonne of gold, extending a mineralised trend by 300 metres and defining a substantial 100-metre outcropping gold vein with an apparent thickness of 20 metres. At the Swan Prospect, maiden soil sampling revealed a pronounced gold-in-soil anomaly measuring 1.4 kilometres by 250 metres, highlighting a compelling target for further investigation.
Maiden Drilling Program Underway
Moho commenced its first reverse circulation drilling campaign at the Swan Prospect in early December 2025, completing four holes totalling 540 metres. All holes intersected key alteration assemblages, quartz-goethite and quartz-pyrite-chlorite, that are commonly associated with gold mineralisation in the region. While laboratory assays are pending, these geological indicators provide an encouraging sign of potential mineralisation at depth. The program was temporarily curtailed by weather, with additional holes planned for early 2026.
Strengthening Financial Position
To support its exploration efforts, Moho successfully raised $2 million through a two-tranche placement to institutional and sophisticated investors. This capital injection will fund ongoing drilling and exploration activities at Bush Chook. Additionally, the company strategically divested its Silver Swan North Project for $500,000 upfront, with further milestone payments and royalties anticipated, bolstering its balance sheet as it focuses on its flagship project.
Corporate Developments and Outlook
Moho also announced board changes, welcoming Ms Greta Purich as a Non-Executive Director, bringing technical expertise in geology and mining engineering. Concurrently, Mr Michael Pereira resigned, aligning with the company’s transition towards prioritising exploration in Western Australia. With a cash position of over $2.1 million at quarter-end and multiple drill-ready targets across its expanded landholding, Moho is well-positioned to advance its exploration program in 2026.
Bottom Line?
Moho’s expanded footprint and maiden drilling mark a pivotal step, but assay results will be crucial to confirming the project’s potential.
Questions in the middle?
- What will the upcoming assay results from the maiden drilling reveal about gold mineralisation at Swan Prospect?
- How will Moho prioritise its multiple drill-ready targets across the expanded Bush Chook acreage?
- What impact will the divestment of Silver Swan North and the recent capital raise have on Moho’s exploration pace and shareholder value?