Moho Resources Ltd (ASX:MOH) has made significant advances in the December 2021 quarter, with the company expanding its activities through tenement acquisitions as well as extensive drilling.
During the quarter, Moho entered into an agreement with Whistlepipe Exploration to acquire a granted exploration licence and technical information relating to another six project areas which are considered prospective for nickel, copper and associated battery and precious metals in Western Australia.
Since entering into the agreement with Whistlepipe, Moho has lodged 11 exploration licence applications with the Department of Mines Industry Regulation and Safety (DMIRS) over the six project areas.
The company has also been active at its Silver Swan North gold-nickel project near the Western Australian mining hub of Kalgoorlie, completing tenement acquisitions, conducting RC drilling and receiving and reviewing assay results.
In November, Moho was 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.
Gearing up for exploration success in 2022
Commenting on technical developments during the quarter, Moho managing director Shane Sadleir said: “Moho has made significant advances as we gear up for exploration success in 2022.
“The acquisition of the Whistlepipe project has evolved rapidly with 15 granted and applied for exploration licences in seven areas considered prospective for Ni, Cu and PGEs within the western and southwestern margins of the Yilgarn craton and the Albany-Fraser orogen.
“Moho has also accelerated nickel exploration at our 100% owned Silver Swan North Project, with RC and diamond drilling underway to test an EM target at the Omrah prospect and magnetic anomalies coincident with favourable ultramafic rocks at the Wise prospect.
“The recent grant of an under-explored exploration licence to Moho so close to where Poseidon recently announced high grade nickel intersections at Silver Swan is a very exciting development as we ramp up our nickel exploration in this immediate area.”
Strategic nickel acquisition
“Additionally, we have expanded our nickel interests at Silver Swan North with the strategic acquisition of the rights to explore for and mine nickel and associated metals in 20 adjacent tenements from Yandal Resources.
“With a bigger footprint we have a greater chance to encounter economic nickel sulphide mineralisation.
“The discovery of gold mineralisation in bedrock following aircore drilling of soil anomalies at the Tyrells and Hodges gold prospects augers well for the potential to prove up further mineral resources around the East Sampson Dam gold deposit.
“Moho has received encouraging assay results from the diamond drilling at the Crossroads prospect at the Burracoppin Project. Gold mineralisation remains open north, west and depth and clearly warrants further follow-up exploration.”