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.
MOE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
