👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Moho Resources completes RC drilling at Silver Swan North's Dukes and T3/T4 nickel prospects

Published 24/10/2022, 01:12 pm
© Reuters.  Moho Resources completes RC drilling at Silver Swan North's Dukes and T3/T4 nickel prospects
HG
-
SI
-

Moho Resources Ltd (ASX:MOH) has completed a new phase of reverse circulation (RC) drilling, targeting coincidental nickel-copper anomalies at Dukes and T3/T4 prospects within the Silver Swan North Nickel Project in Western Australia.

In total, the company’s RC program included 10 holes across 1,806 metres at Silver Swan North.

At Dukes, a soil sample program outlined a coincident nickel-copper anomaly overlying a magnetic high which is interpreted as ultramafic lithologies.

While the two holes at T3 intersected very few ultramafic lithologies, the two southernmost holes at T4 intersected 80-100 metres of ultramafic flows with spinifex and cumulate textured komatiite.

This phase of drilling was designed to further unlock the nickel potential of Silver Swan North, reflecting the company’s commitment to comprehensively test the project area for komatiite-hosted nickel sulphides.

“Unlocking the potential”

Moho managing director Ralph Winter said: “The Moho team eagerly awaits the assay results of this program, with the RC drilling further unlocking the potential for nickel sulphides discovery at Silver Swan North.

“This program further bolsters the company’s critical minerals strategy and increases the strength of our exceptional project portfolio.”

Drilling at Dukes

At the northern end, all three holes intersected ultramafic lithologies with minor disseminated sulphides overlain by massive gabbro

At the southern end, all four holes at southern end intersected the same ultramafic lithologies over a width of more than 200 metres, again overlain by massive gabbro.

Drill hole SSMH0150 intersected a more gabbroic lithology with more than 10% disseminated sulphides from 53 metres to 66 metres within the ultramafic sequence.

The ultramafic appears to be a layered ultramafic intrusive sill rather than an extrusive ultramafic volcanic.

Drilling at T4 target

Nickel target areas T3 and T4 are about 10 kilometres to the south and less than five kilometres east of the Silver Swan Nickel mine.

The area was tested with RAB drilling by NiQuest more than 10 years ago and several coincidental nickel-copper anomalies which were intersected have not been properly followed up.

Two holes intersected 80 to 100 metres of ultramafic flows with spinifex and cumulate textured komatiite, including hole SSMH0157.

Hole SSMH0157 was abandoned due to excessive water inflow after intersecting about 20 metres of 5% to 10% disseminated sulphides at the bottom of the hole.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.