Moho drilling strikes sweet magmatic nickel sulphide prize at T4
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Moho has received early indications that magmatic nickel sulphides are present at the T4 target within its Silver Swan North project near Kalgoorlie, Western Australia.
While no replacement for full laboratory analysis, portable XRF readings on several samples taken from reverse circulation drilling at T4 identified six anomalous zones with intercepts of between 2m and 9m that host more than 2,000 parts per million (ppm) nickel coincidental with greater than 100ppm copper.
Of particular interest was the deepest intercept of 3m including 1m at 3,333ppm nickel, 114ppm copper and 203ppm cobalt from a down-hole depth of 46m in hole SSMH0158 as this is at the base of the regolith and has an elevated cobalt value.
Moho Resources (ASX:MOH) adds that more than 100m of spinifex and cumulate textured ultramafics were observed in hole SSMH0157.
Assays are pending and the company is planning further exploration including drilling across the targets to further confirm mineralisation.
“The pXRF readings from the recent T4 drilling are in line with previous drill results from historic drilling, and confirms coincidental nickel and copper anomalism at the T4 target area,” managing director Ralph Winter said.
“The company keenly awaits the wet assay results from the lab as validation of the readings and is planning further exploration across the targets to further chase the indicative anomalism.”
The drilling at the Dukes, T3 and T4 prospects was designed to unlock the nickel potential of the Silver Swan North Project and reflects the company’s commitment to comprehensively test the project area for komatiite hosted nickel sulphides.
Three of the 10 holes drilled were completed at T4 with the southernmost holes intersecting 80 to 100m of spinifex and cumulate textured komatiite.
Moho noted that T4 had previously been tested with rotary air blast drilling by NiQuest more than 17 years ago and it hosts several coincidental nickel-copper intersection anomalies which have not been properly followed up.
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.