- Moho Resources (MOH) identifies geochemical targets prospective for nickel sulphide mineralisation at its Black Swan South prospect in Western Australia
- An evaluation of historical data identified the geochemical targets, which will now undergo drill testing
- Moho says its next steps will involve a reverse circulation drill program to test geochemical nickel and copper anomalies, along with downhole electromagnetic surveys
- Moho Resources shares dropped 12.5 per cent, trading at 4.2 cents at 12:30 pm AEST
Moho Resources (MOH) has found geochemical targets prospective for nickel sulphide mineralisation at its Black Swan South prospect in WA.
The company received results from a test of historical geochemical assay data at the Black Swan south nickel prospect in Kalgoorlie.
An evaluation of the historical data identified geochemical targets prospective for nickel sulphide mineralisation for drill testing.
The analysis identified the potential nickel sulphide hosts in three drill sections. The first with peak nickel-copper-zinc anomalism in regolith, close to the ultramafic basal contact.
The second with strong nickel-copper-zinc anomalism supported by weaker more diffuse anomalism in upper regolith. The third with subtle indications of sulphides from elevated copper just above basal contact.
“Moho considers that the Black Swan South nickel prospect is under-explored, given this positive outcome from the geochemical review and that most historical drill holes terminated at less than 80 metres below surface,” Managing Director Shane Sadleir said.
“We are looking forward to the upcoming RC drill program that will test these anomalies as soon as possible.”
Moho said its next steps will involve a reverse circulation drill program to test geochemical nickel and copper anomalies. A downhole electromagnetic (EM) survey of selected reverse circulation holes will also take place, and a ground EM survey over magnetic anomaly to assess potential for further nickel targets.
Moho Resources shares dropped 12.5 per cent, trading at 4.2 cents at 12:30 pm AEST.