RC rig at the Omrah nickel prospect. Source: Moho Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Moho Resources (MOH) begins drilling at the Silver Swan North project in Western Australia
  • The reverse circulation and diamond drilling program is initially focused on an electromagnetic conductor at the Omrah target
  • Following this, the drill rig will move to the Wise prospect to investigate magnetic anomalies
  • As announced last month, the company received $150,000 under the state government’s Exploration Incentive Scheme which is being used to co-fund drilling
  • Moho has ended the day 6.67 per cent in the green to close at 6.4 cents per share

Moho Resources (MOH) has begun drilling at its Silver Swan North project in Western Australia to test the Omrah and Wise nickel targets.

The program will include 4200 metres of reverse circulation (RC) and diamond drilling, and will initially target an untested electromagnetic conductor at the Omrah prospect. The prospect holds untapped potential for ultramafic-hosted massive and disseminated nickel sulphide mineralisation and other ultramafics in the area.

The rig will then move to the nearby Wise prospect to kick off 1200 metres of RC drilling to investigate magnetic anomalies associated with ultramafic rocks and anomalous historical nickel intercepts.

This program is being co-funded through the WA government’s exploration incentive scheme (EIS). The EIS grant was announced last month and is for the sum of $150,000.

Managing Director Shane Sadleir commented on the commencement of drilling.

“We are looking forward to testing the EM conductor at Omrah, given the potential for discovery of nickel sulphide mineralisation and the close proximity to Poseidon Nickel’s massive and disseminated nickel sulphide deposits,” he said.

Moho ended the day 6.67 per cent in the green to close at 6.4 cents per share.

MOH by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Worst session in 6 weeks for bourse | July 25, 2024

The ASX200 closed in the red, down nearly 1.3% to 7,861.2 points. All sectors made losses…
The Market Online Video

ASX Market Update: Index falls hard on company earnings | July 25, 2024

The ASX200 has been trading down nearly 1.2% to 7,870 points. Overnight, earnings reports from US…
Saccharomyces cerevisiae yeast, 3D illustration.

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Biotech company Tissue Repair Ltd (ASX:TRP) has seen its share price rise more than 30% on news it had gained TGA (Therapeutic
Closeup graph of Binary option for trading platform

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Tech sector companies Ovanti Ltd and Brainchip Holdings Ltd joined Lake Resources Ltd and VHM Ltd…