A tickle of nickel has Moho holding its breath at Dukes
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Moho is steadily building confidence that the Dukes prospect at its Silver Swan North project in Western Australia is replete with nickel sulphide mineralisation at depth.
This follows the identification of coincident nickel and copper soil anomalies extending over 2.5km which overlays a 3.6km long magnetic anomaly.
The undrilled Dukes prospect – located 10km northeast of the Black Swan nickel mine – is a priority target for Moho Resources (ASX:MOH) given that it is hosted in ultramafics with interpreted similarities to the Black Swan Ultramafic Complex.
It is currently awaiting maiden drill results from drilling at the Black Swan South prospect.
“The identification of coincident nickel and copper soil anomalies at Dukes is an exciting development for Moho,” managing director Ralph Winter said.
“The fact that these anomalies are situated in a classic setting for nickel sulphide mineralisation and have not been identified before is extraordinary and a great opportunity for the company.”
The geochemical targets at Dukes were identified following a recent evaluation of base metal assay data generated from the surface sampling.
Coincidental nickel and copper anomalies can indicate the presence of nickel in sulphide mineralisation, unlike single nickel anomalies that are generally the result of nickel content of ultramafics.
As such, Moho plans to prioritise reconnaissance reverse circulation drilling of between two to four holes using its existing Programme of Works approval.
It also intends to carry out infill and additional soil geochemical sampling over komatiitic sequences not previously sampled, commission a heritage survey over relevant areas of tenements for further drilling, and start a comprehensive nickel sulphide exploration program.
The exploration program will include RC drilling across coincident nickel and copper geochemical soil anomalies and geophysical surveys.
This article was developed in collaboration with Moho Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.