Moho has its eye on Silver Swan North’s nickel potential
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Moho has identified three high priority nickel sulphide targets for follow-up drilling at its Silver Swan North project.
A review of recent and historical geological and geophysical data, which follows the release of updated geological information by the Geological Survey of Western Australia, identified the Omrah, Wise and Dukes targets.
Notably, the targets are within 10km of Poseidon Nickel’s Black Swan nickel plant and any commercial discovery could be developed quickly for early cash flow.
Moho Resources (ASX:MOH) has now submitted program of works applications to the Department of Mines, Industry Regulation and Safety for drilling across all three targets with reverse circulation drilling scheduled to arrive on site in November.
“We are excited by the potential for discovery of nickel sulphide mineralisation at the Omrah, Wise and Dukes targets, particularly given their close proximity to Poseidon Nickel’s massive and disseminated nickel sulphide deposits,” managing director Shane Sadleir said.
“Strong nickel prices and a positive market outlook for nickel have encouraged Moho to intensify our search for nickel and associated battery metals.
“We are looking forward to drill testing these prospective nickel targets in the near future.”
Location of nickel exploration targets at Silver Swan North. Pic: Supplied
Omrah is an untested electromagnetic conductor that was confirmed from multiple generations of surveys stretching back to 2006.
The successive surveys have defined a 500m long conductive plate centred at a depth of 155m that strikes southeast and dips to the northeast.
Moho notes that the surface expression of the conductor is coincident with the footwall of the magnetic marker unit.
It plans to test the conductor with a combination of RC and diamond drilling.
Wise is a nickel anomaly that was identified in historical rotary air blast and RC drilling that sits east of the company’s recently completed aircore drilling.
Historical drilling returned up to 1% nickel in ultramafic clays within the weathering profile and significant thicknesses of >30% magnesium oxide ultramafic rock identified in multiple ultramafic flows, which are similar to those that host the nearby Silver Swan and Black Swan nickel deposits.
RC drilling is planned to follow-up on the historical results while further ground EM surveys will be carried out to identify potential mineralised positions for drill testing.
Dukes was identified after anomalous levels of nickel were recognised during a reinterpretation of data from the company’s 2020 soil sampling program.
Moho plans to carry out aircore drilling and a ground EM survey to test multiple >100 parts per million nickel zones within the 3km zone.
These anomalies have a strong coincidence with an interpreted metamorphosed ultramafic rock unit, which may have similarities to the Black Swan Ultramafic Complex, host of the Black Swan, Silver Swan and Golden Swan nickel deposits.
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.