Moho Resources : Crossroads Exploration Update Burracoppin

21 December 2021

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CROSSROADS EXPLORATION UPDATE,

BURRACOPPIN

HIGHLIGHTS:

• Diamond drilling completed at Crossroads:
• • Four diamond holes drilled totaling 630 metres
  • Moho has received $120,000 to date from co-funded EIS grant
• Three holes had numerous Intercepts of gold > 0.1g/t Au and confirmed previous RC drilling
• Gold assays from diamond drilling include:
• • 0.89m @ 0.79g/t Au from 75.91m (BCMH0072)
  • 1m @ 0.49 g/t Au from 29.2m and 1m @ 0.41 g/t Au from 55.5m (BCMH0070)
• Significant silver mineralisation intersected in three holes, including 2.4m @ 8.50 g/t Ag from 12.4m in BCMH00073
• Bedrock gold mineralisation remains open to the north, west and at depth
• Positive review of drilling results by consultant geochemist:
• • General grade and nature of diamond drilling intersections confirms previous RC drilling
  • Broad, > 50m thick anomalous gold zone confirmed on western side of Crossroads prospect
  • Potential remains for further gold discoveries as large areas of anomalism remain untested
  • Prioritised drill program recommended to test outstanding auger gold anomalies

NEXT STEPS:

• Follow up aircore drilling around Crossroads prospect
• Commence first pass geochemical sampling across E70/5739
• Await hylogger spectral data from diamond drilling for interpretation and review
• Follow up stream sediment geochemical targets
  We're very pleased with the outcome of the diamond drilling which has enhanced the gold prospectivity at Crossroads. The silver anomalism is intriguing and suggests that other styles of mineralisation may be present in the area. The geochemical review reinforces the gold prospectivity and provides sound guidance for our future drilling activities around the Crossroads prospect.
  - Mr Shane Sadleir, Moho Managing Director

Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to provide an update on exploration activities on the Burracoppin gold project in the WA wheatbelt (Figure 1), including the results from the EIS co-funded diamond drilling at Crossroads prospect, located 22 km west of the Edna May gold mine.

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Figure 1: Burracoppin gold project in relation to regional geology, gold deposits and processing plants

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Figure 2: Location of recent diamond drilling, showing historic holes and significant gold and silver intercepts

Diamond Drilling:

The diamond drill program has been designed with the following aims:

• Obtain high quality core to study the geology more closely and refine Crossroads geological model, which can feed into any future drill program designs and resource modelling.

• Reconciliation of rock type and geochemical zones identified by earlier RC drilling with lithology, alteration, structures and textures seen in the diamond drill core.
• Identify the orientation and nature of structures controlling the mineralisation.
• Apply these findings to subsequent exploration programs.

only		Northing	Easting	RL		Depth		Azi
Hole ID	(MGA94	(MGA94		Dip
(m)		(m)	(mag)
	z50)	z50)
BCMH0070	6537707	639471	324		159.3	-50°	315°
BCMH0071	6537486	639579	326		150.3	-50°	315°
BCMH0072	6537421	639578	324		113	-50°	270°
BCMH0073	6537420	639870	325		207.4	-60°	270°
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Table 1: Diamond Drillhole collar details

Four diamond holes were completed for a total of 630m (Table 1). A co-funded drilling grant of up to $147,000 has been provided by the Western Australian Government under the Exploration Incentive Scheme, of which Moho has received $120,000 to date.

All drillholes were geologically examined to identify lithology, veining, alteration and structures. All core was halved and sampled, with sample intervals determined by lithological boundaries, veining and structures. Assaying for gold and a multielement suite was completed by Bureau Veritas Perth by 40g Aqua Regia digest nd ICP OES/MS analysis.

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	Hole ID			From			To			Interval			Significant Intercept			Significant Intercept g/t Ag
			(m)			(m)			(m)			g/t Au
	BCMH0072	75.91		76.8		0.89			0.89m @ 0.79 g/t Au
	BCMH0070	29.2		30.2		1			1.0m @ 0.49 g/t Au
	BCMH0072	55.5		56.5		1			1.0m @ 0.41 g/t Au
	BCMH0071	111		111.9		0.9			0.90m @ 0.32 g/t Au
	BCMH0071	90.84		91.7		0.86			0.86m @ 0.29 g/t Au
	BCMH0071	29.7		30.8		1.1						1.1m @ 16.9 g/t Ag
	BCMH0073	12.4		14.8		2.4						2.4m @ 8.5 g/t Ag
								inc. 0.70m @ 14.0 g/t Ag from 12.4m
	BCMH0072	0		0.8		0.8						0.80m @ 8.1 g/t Ag
	BCMH0073	0		1.1		1.1						1.1m @ 6.6 g/t Ag
	BCMH0070	0.8		2		1.2						1.2m @ 6.4 g/t Ag

Table 2: Significant drill intersections >0.25 g/t Au and > 6.0 g/t Ag (maximum internal dilution

0.6m)

Three of the diamond drill holes (BCMH0070 -72) reported significant drill intersections >0.25 g/t Au and > 6.0 g/t Ag as shown in Figure 2 and Table 2. The same holes reported numerous Intercepts of gold > 0.1g/t Au

(Table 3, Figure 3), confirming the general grade and nature of previous gold intersections obtained by the RC drilling which was announced on 20/04/2021. Bedrock gold mineralisation remains open to the north, west and at depth. Significant silver mineralisation was also identified in a number of holes. Significant gold and silver intercepts are shown in Table 2 and Figure 2.

Lithologies noted during drilling appear to dip gently to the east and include felsic gneiss of a sedimentary onlyorigin, biotite schist/amphibolite, granite and quartzite. A granitic intrusion to the west of the drilling area postdates the regional north-south trending deformation. A previously unknown conglomerate unit was identified in holes BCMH0070 and BCMH0071 containing granitic cobbles in sheared mafic matrix (Figure 4).

	Hole ID	Depth From (m)	Depth To (m)	Interval (m)		Significant Intercept > 0.1g/t Au
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BCMH0070	28.76	32.3	3.54		3.54m @ 0.22g/t Au
					inc. 1m @ 0.49 from 29.2m
	38	38.5	0.50		0.5m @ 0.12g/t Au
	39.7	40.9	1.20		1.2m @ 0.21g/t Au
	42.1	45.23	3.13		3.13m @ 0.14g/t Au
	87.19	88.18	0.99		0.99m @ 0.14g/t Au
	126.3	127.36	1.06		1.06m @ 0.16g/t Au
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BCMH0071	40.54	41.7	1.16		1.16m @ 0.11g/t Au
	53.35	54.5	1.15		1.15m @ 0.13g/t Au
		90.84	92.5	1.66		1.66m @ 0.27g/t Au
		98.81	100.7	1.89		1.89m @ 0.13g/t Au
		107.97	109.51	1.54		1.54m @ 0.13g/t Au
		111	111.9	0.90		0.90m @ 0.32g/t Au
		117.68	119.8	2.12		2.12m @ 0.16g/t Au
						inc. 1.19m @ 0.20g/t Au from 118.61m
		143.3	144.3	1.00		1.0m @ 0.26g/t Au
	BCMH0072	54.5	57.38	2.88		2.88m @ 0.28g/t Au
						inc. 1m @ 0.41 g/t Au from 55.5m
		75.91	76.8	0.89		0.89m @ 0.79g/t Au
		86.75	87.15	0.40		0.40m @ 0.13g/t Au
		88.34	89	0.66		0.66m @ 0.27g/t Au
		97.07	98.28	1.21		1.21m @ 0.16g/t Au
For		105.63	109.9	4.27		4.27m @ 0.18g/t Au
					inc 1.18m @ 0.30g/t Au from 107.52
	111.3	112	0.70		0.70m @ 0.12g/t Au

Table 3: Gold intercepts > 0.1g/t (Aqua Regia), maximum 1m internal dilution