Join our daily newsletter At The Bell to receive exclusive market insights
- Moho Resources (MOH) identifies three nickel targets at the Silver Swan North Project in Western Australia
- The company has just completed a review of recent and historical data from various areas of the project
- Moho says it’s excited by the potential for the discovery of nickel sulphide mineralisation at the Omrah, Wise and Dukes targets
- Drilling applications have been sent off and Moho expects to start drilling in November
- Company shares ended Wednesday 1.61 per cent in the green to close at 6.3 cents
Moho Resources (MOH) has completed a review of recent and historical data from within the Silver Swan North Project in Western Australia.
The company said the results were positive, with the review identifying three nickel exploration targets.
The first is an untested electromagnetic (EM) conductor at the Omrah Nickel target which the company will follow up with reverse circulation (RC) and diamond drilling.
The second is the Wise nickel anomaly which was identified in historical rotary air blast and RC drilling and returned nickel of up to 1 per cent.
Moho will conduct RC drilling and EM survey work at the Wise target to better understand its potential.
Additionally, the company will drill test the Dukes target, which is a broad anomalous zone that spans about three kilometres. It previously returned nickel values of 2460 and 1150 parts per million.
Alongside the drilling, MOH will conduct an EM survey to better define the Dukes target.
Managing Director Shane Sadleir said he was eager to test the potential of these new targets.
“We are excited by the potential for discovery of nickel sulphide mineralisation at the Omrah, Wise and Dukes targets, particularly given their close proximity to
Poseidon Nickel’s massive and disseminated nickel sulphide deposits,” Mr Sadleir said.
Moho has submitted program of work applications so it can drill all three targets. It expects the drill rigs to arrive in early November.
Company shares ended Wednesday 1.61 per cent in the green to close at 6.3 cents.
