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Moab Follow up on Mt Amy’s Golden Promise

13 January 2023 11:08
ASX: MOM

Moab Minerals continue to shore up its Mt Amy Gold Project, with recently returned assays from a soil sampling program generating a strong gold in soil anomaly for follow-up in the coming months.

The program was undertaken in November of last year and saw over 215 samples collected from the promising project, with the highest assay showing grades up to 687 ppb gold and 834 ppb silver which the company has earmarked for follow-up.

Collected on a 400m by 40m sample spacing in two areas, the Company is planning more detailed sample spacing in the near future to determine the dimensions of the anomaly, with other anomaly’s being assessed and followed up on as justified.

Located in Western Australia’s renowned Gascoyne Region, Mt Amy is perched on the same fault which hosts the 700-ounce Paulsens Gold deposits and has a significant amount of previous exploration.

The Company said it will waste no time pursuing this exciting anomaly.

“We are pleased to update shareholders with the results from the gold sampling program completed at Mt Amy in November 2022, with a gold in soil anomaly generated that justifies follow-up sampling to determine the extent of the anomaly. The Company is currently scheduling further work as soon as the northern wet season abates,” Managing Director Malcolm Day said.

Moab is already in deep preparation for follow-up sampling, with activities kicking off as soon as the weather permits.

MOM’s Australian Stock Exchange-listed share price has risen 9.99 per cent today, currently selling at 1.1c (11:04 am UTC+ 8 hours).

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