Moho Resources hones in on new nickel sulphide targets at Silver Swan North
“Strong nickel prices and a positive market outlook for nickel have encouraged Moho to intensify our search for nickel and associated battery metals,” says MD.
Company
ASX:MOH
Moho Resources Ltd (ASX:MOH) is an Australian mining company focused on gold and nickel exploration at the Empress Springs, Silver Swan North and Burracoppin projects. The company considers Empress Springs in Queensland, which comprises three adjacent exploration permits with a total area of around 773 square kilometres, to have the potential for base metal mineralisation. Silver Swan North Project is around 50 kilometres northeast of Kalgoorlie and covers about 55 square kilometres within the gold-rich Kalgoorlie Terrane while Burracoppin further to the west is also prospective for gold.
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“Strong nickel prices and a positive market outlook for nickel have encouraged Moho to intensify our search for nickel and associated battery metals,” says MD.
The JMEI scheme encourages investment in exploration companies that carry out greenfields mineral exploration in Australia.
The company’s grassroots sampling campaign has identified 10 high-priority exploration targets within extensive areas of gold in stream sediment anomalism.
The gold and nickel explorer is waiting on technical results from the campaign, which targeted gold-in-soil anomalies at two prospects north of the 21,600-ounce East Sampson Dam gold deposit.
Moho holds prospective holdings in proven mining areas, including, in the Yilgarn of Western Australia, what is arguably the world’s premier gold district.
The grant will fund a geochemical drilling program to follow up geochemical anomalies identified by the successful hydrogeochemical survey conducted and interpreted by Moho.
The company believes the area could host further gold mineralisation to that already identified at East Sampson Dam.
The company has just delivered an interim mineral resource estimate for the East Sampson Dam prospect at the Silver Swan North project, following the completion of a maiden drilling campaign at the Burracoppin project.
A scoping study along with additional aircore and reverse circulation drilling programs are now in the works.
The mining company can tick a maiden diamond drilling campaign off its to-do list as it investigates gold occurrences at the Burracoppin gold asset.
A Program of Works application for aircore drilling over the Tyrells prospect has been approved.
The company is drilling holes three and four at the prospect, which is just a small part of its larger Burracoppin Project.
The company has actively progressed R&D programs in conjunction with CSIRO, Curtin University and external consultants as part of its overall exploration strategy.
Diamond drilling has commenced on the first of four diamond drill holes to test gold mineralisation at the Crossroads prospect.
Moho director Ralph Winter shares what the company is doing on the exploration front and how they are focusing on making the mining of East Samson Dam a reality.
“The association of a geochemical halo of tungsten-molybdenum-arsenic anomalism with the recently identified gold mineralisation from RC drilling at the Crossroads prospect is very encouraging," says MD.
The company has a suite of nickel and gold assets, only 50 kilometres from Kalgoorlie in Western Australia.
The company believes Lyndal Money’s operational experience will be vital in guiding its exploration projects and moving them ultimately into production.
The company plans to undertake follow up diamond drilling which is expected to provide vital information to plan future exploration in this sparsely tested part of the Yilgarn Craton.
The Phase 2 RC drilling program has discovered new high-grade mineralisation at the northern end of the prospect.