Moho Resources Ltd (ASX:MOH) managing director Shane Sadleir has demonstrated his confidence in the company’s gold strategy with the purchase of shares in an on-market transaction.
Sadlier acquired 41,542 shares in a direct interest on October 13, increasing the number of securities held after the change to more than 3.1 million shares.
Diamond drilling at East Sampson Dam
The company has started diamond drilling at East Sampson Dam (ESD) gold prospect within the Silver Swan North Project in Western Australia’s Goldfields.
Moho plans to drill seven diamond holes for around 650 metres to obtain high-quality core for structural information, geological data, moisture, density and material for further metallurgical test-work.
Sadleir said: “Moho is excited to be undertaking its maiden diamond drilling program at East Sampson Dam.
“The program is designed to provide essential information for our first mineral resource estimate at the prospect.”
West Core Drilling has started to drill the seven oriented holes into saprolitic clays in the oxide zone and deeper transitional material.