Moho Resources Ltd (ASX:MOH) has been granted a new exploration tenement adjoining the southern boundary of Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF)’s highly prospective Black Swan nickel operation in Western Australia.
Promisingly, Moho's new tenement, E27/623, adjoins Poseidon's M27/200 tenement that hosts the high-grade Silver Swan nickel sulphide deposit.
Moho says that E27/623 is set to be an important component of its Silver Swan North Project where the company is targeting gold and nickel sulphide mineralisation.
Moving forward, the company’s initial work program for 2022 will be focused on target generation prior to electromagnetic surveys and drilling.
“Very exciting development”
Moho managing director Shane Sadlier said: “The grant of this tenement so close to the exceptionally high-grade nickel sulphide Silver Swan deposit is a very exciting development for Moho as we ramp up our nickel and battery metals exploration in WA.
“The Moho team is looking forward to getting on the ground in the New Year with the goal of discovering an economic nickel sulphide deposit.”
Strong Poseidon results
Poseidon recently announced a number of high-grade nickel intersections at Silver Swan, including 15 metres at 17.92% from 285 metres and 11 metres at 13.26% from 288 metres.
This provides strong encouragement for Moho in regards to E27/623.
E27/623 in relation to Poseidon’s Black Swan Nickel Operations and Moho’s Silver Swan North tenements over an aeromagnetic image.
Next steps
Moho’s initial work program for 2022 will be focused on target generation prior to EM surveys and drilling, including:
- Review of all available historic exploration data;
- Field mapping and sampling, rock chip collection and geochemical analysis to determine ultramafic affinities;
- Geophysical data reprocessing and an initial interpretation of magnetics; and
- Systematic soil sampling and gravity survey.
About Moho
Moho is focused on gold and nickel exploration across its Empress Springs, Silver Swan North and Burracoppin projects in Australia.
The 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.
Furthermore, 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.