MOE 1.76% $5.21 moelis australia limited

confirms potential of chauffeur mineralised zone

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    Sydney - Friday - March 24: (RWE Australian Business News) -
    Moto Goldmines Ltd (ASX code: MOE) has received further results from the
    extension and infill diamond drill program at Chauffer/Durba in the
    Democratic Republic of Congo.
    This program targets the up-plunge position of the Chauffeur
    mineralisation and underlying Durba mineralised zone.
    Significant intercepts include: 8m at 16.71g/t gold from 70m to
    78m, 4m at 30g/t from 142m to 146m and 30m at 2.88g/t from 172m to 202m
    in DDD088; 48m at 9.98g/t gold from 24m to 72m in DDD111; 46m at 6.13g/t
    gold from 18m to 64m in DDD113; 10m at 11.45g/t gold from 144m to 154m
    and 16m at 5.08g/t from 160m to 176m in DDD114; 22m at 5.41g/t gold from
    70m to 92m, 48m at 2.63g/t from 118m to 166m and 46m at 2.21g/t from
    178m to 224m in DDD116; and 34m at 6.53g/t from 94m to 128m in DDD121.
    Moto says this drilling further underscores the excellent
    potential of the Chauffeur mineralised zone as a high-grade,
    open-pittable deposit.
    Further drill planning is under way to test the full extent of
    the underlying Durba mineralised zone.
    A revised resource estimate including the Chauffeur and Durba
    mineralised zones will be completed by independent consultants Cube
    Consulting next month.
 
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