Moho Resources has expanded its Bush Chook Gold Project with a new high-grade gold-antimony mine acquisition, setting the stage for a significant 5,000m drilling campaign in May.
- Acquisition of Prospecting Licence P46/2148 adds high-grade gold-antimony targets
- Historic Rocky Ridge mine produced 932oz at an average 85g/t gold grade
- 5,000m reverse circulation drilling program planned for May across multiple targets
- Ongoing 4,000-sample soil campaign to refine exploration targets
- Proximity to AIM Mining’s Blue Spec deposit and Golden Eagle Processing Plant
Strategic Expansion in the Pilbara
Moho Resources Ltd (ASX:MOH) has taken a decisive step forward in its exploration ambitions by acquiring a new prospecting licence at the Bush Chook Gold Project, located in Western Australia's prolific Pilbara region. This acquisition notably includes the Rocky Ridge Prospect, a historic high-grade gold mine that produced nearly 1,000 ounces of gold at an exceptional average grade of 85 grams per tonne (g/t).
The newly acquired licence, P46/2148, lies within 30 kilometres of AIM Mining’s Golden Eagle Processing Plant and just 10 kilometres from the renowned Blue Spec Gold-Antimony mine. This proximity places Moho’s project in a highly prospective corridor known for its rich gold-antimony mineralisation, offering a compelling geological parallel to the Blue Spec deposit.
Historic High-Grade Mineralisation at Rocky Ridge
The Rocky Ridge Prospect, historically known as the Mountain Maid Mine, has seen limited mining and exploration since its early 20th-century operations. Between 1906 and 1917, it yielded 341 tonnes of ore with an average grade of 85g/t gold, mined down to 40 metres depth. Subsequent exploration, including underground channel sampling and reverse circulation drilling, has confirmed the presence of high-grade gold-antimony mineralisation open both down dip and along strike.
Noteworthy channel samples include an 8-metre interval grading 28.5g/t gold with significant antimony content, while historic drilling intercepted up to 8 metres at 3.67g/t gold. These results underscore the prospect’s potential to host economically viable mineralisation akin to the nearby Blue Spec deposit, which boasts a resource of 243,000 tonnes at 24.4g/t gold and 1.6% antimony.
Upcoming Drilling and Exploration Programs
Moho has scheduled a substantial 5,000-metre reverse circulation (RC) drilling program for May 2026, targeting multiple high-grade zones including Rocky Ridge, Northern and Eastern Targets, as well as other prospects within the Bush Chook Project such as Gage Road, CBco, Single Fin, Little Creature, and Swan. The company has secured a specialised track-mounted RC rig capable of drilling to 200 metres depth and navigating the challenging terrain, which will help reduce environmental impact and operational costs.
Complementing the drilling, a 4,000-sample soil geochemical campaign is underway, aimed at refining existing targets and generating new exploration opportunities across the 442 square kilometre project area. This integrated approach reflects Moho’s commitment to systematic and thorough exploration.
Strategic Acquisition Terms and Leadership
The acquisition from local prospector Mark Piltz was completed with a modest cash payment of $30,000 and the issuance of approximately 4.3 million fully paid ordinary shares in Moho Resources. This deal not only expands Moho’s footprint but also aligns with its strategy to build a robust portfolio of high-quality gold assets.
Chairman Peter Christie highlighted the significance of the acquisition, noting the geological similarities to AIM Mining’s Blue Spec deposit and expressing confidence in the upcoming drilling program to unlock further value. Moho’s leadership team, including experienced geologist and mining engineer Greta Purich and corporate advisor Bryce Gould, brings a blend of technical and commercial expertise to advance the project.
Outlook and Market Implications
With the Bush Chook Project now bolstered by the addition of a high-grade gold-antimony mine and a clear exploration roadmap, Moho Resources is positioning itself to potentially deliver significant resource growth. The upcoming drilling results will be pivotal in confirming the extent and grade continuity of mineralisation, which could materially enhance the company’s valuation and development prospects.
Investors and market watchers will be keenly awaiting assay results from the May drilling campaign and updates on the soil sampling program, which together will shape the next phase of Moho’s exploration strategy in the Pilbara.
Bottom Line?
Moho’s acquisition and planned drilling at Bush Chook could redefine its resource potential; May results will be a critical inflection point.
Questions in the middle?
- Will the May drilling confirm extensions of the high-grade gold-antimony mineralisation at Rocky Ridge?
- How will the ongoing soil sampling campaign influence target prioritisation and future exploration?
- What are the potential timelines and pathways for resource estimation and development following exploration success?