Moho Resources workers undertaking drilling activities. (2022) 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 diamond drilling program at the Omrah nickel prospect within its Silver Swan North project in Western Australia’s Goldfields region
  • The company says drilling is under way at the bottom of one of the recently completed reverse circulation (RC) holes, targeting an electromagnetic (EM) conductor for ultramafic-hosted massive nickel sulphide mineralisation
  • Once drilling is complete, the company plans to undertake down-hole EM surveys of selected drill holes
  • MOH shares surge 22.2 per cent to 5.5 cents

Moho Resources (MOH) shares have surged after the company started diamond drilling at the Omrah nickel prospect within its Silver Swan North gold-nickel project near Kalgoorlie in Western Australia’s Goldfields region.

The company said the prospect hosts an untested electromagnetic (EM) conductor identified by geophysical interpretation of historic EM surveys.

Moho completed a round of 14 reverse circulation drilling at Omrah in January and was awaiting assay results from the program.

Diamond drilling was under way at the bottom of one of the recent RC holes, targeting the EM conductor for ultramafic-hosted massive nickel sulphide mineralisation.

Moho anticipated the EM plate would be intersected at 405 metres down-hole.

Following the diamond drilling phase, the company said it planned to undertake down-hole EM surveys of selected drill holes.

The company said up to 50 per cent of the direct drilling costs associated with the RC and diamond programs at the project’s Omrah and Wise nickel prospects were set to be covered by a $150,000 grant under the WA Government’s Exploration Incentive Scheme.

MOH shares jumped 22.2 per cent by the end of the day’s trading session to 5.5 cents.

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…