NICKEL SULPHIDE DRILLING UPDATE AT SILVER SWAN NORTH
ASX Announcement 27 March 2019
Reverse circulation drilling has been completed at Moho’s Silver Swan North project to test electromagnetic conductors prospective for nickel sulphide mineralisation
Highlights:
- Four RC holes for a total of 825 metres were drilled to test EM conductors identified by high sensitivity SQUID EM survey
- Drill samples submitted for analysis, assays pending
- Down hole EM surveys to be undertaken shortly
Next Steps:
- Review assay results and interpret geology
- If warranted, undertake further RC and possible diamond drilling – Q2 2019
- Refine and drill test geological model over potential embayment in vicinity of gravity low south of SSE2 prospect (2.2km NNW of Silver Swan deposit) – Q2 2019
- Undertake geochemical “fingerprinting” research project with CSIRO of ultramafic units located in recent and historical drill holes to distinguish and map stratigraphy considered to be prospective for nickel sulphide mineralisation - April 2019
- Commence major geochemical and stratigraphic aircore drill program across northern area of E27/528 to identify suitable host rocks for nickel sulphide mineralisation under cover using $150,000 WA government co-sponsored drilling grant - Q2 2019
- Extend SQUID EM survey over potential targets in E27/528 and M27/263 to northwest of project area – Q3, 2019
Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to announce that the Company’s maiden nickel sulphide drilling program is has been completed at the Silver Swan North project, 50 km NE of Kalgoorlie (Figure 1).
The RC program was designed to test electromagnetic (EM) conductors for potential nickel sulphide mineralisation, recently identified using high sensitivity SQUID technology (refer to ASX release on 21 February 2019).
Four RC holes totaling 825 metres were drilled at the Silver Swan North project from 7-15 March 2019. Four metre composite samples have been submitted to the laboratory for analysis and assays are pending. Downhole EM (DHEM) surveys will be undertaken on a number of the holes shortly.
Figure 1: Moho’s Silver Swan North Project in relation to Poseidon Nickel Ltd’s Black Swan Nickel Processing Facility and Concentrator and the Silver Swan and Black Swan mines
Hole locations are shown in Figures 2 and 3 and hole collars are tabulated in Table 1 below
Table 1: Collar Information
NICKEL SULPHIDE DRILLING UNDERWAY AT SILVER SWAN NORTH
Reverse circulation (RC) drill program has commenced today at the Silver Swan North project to test five highly electromagnetic (EM) conductors for nickel sulphide mineralisation
Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to announce that the Company’s maiden nickel sulphide drilling program is now underway at the Silver Swan North project, 50 km NE of Kalgoorlie (Figure 1).
Figure 1: Moho’s Silver Swan North Project in relation to Poseidon Nickel Ltd’s Black Swan Nickel Processing Facility and Concentrator and the Silver Swan and Black Swan mines.
The Silver Swan North Project is strategically located adjacent to Poseidon Nickel Ltd’s 2.2 Mt/year Black Swan Nickel Processing and Concentrator Facility and a number of nickel sulphide mines, including the high-grade, underground Silver Swan Mine and the Black Swan Open Pit Mine.
The RC program is designed to test five electromagnetic (EM) conductors for potential nickel sulphide mineralisation, recently identified using high sensitivity SQUID technology (refer to ASX release on 21 February 2019), as follows:
- Two RC holes will test two EM conductors SSE1 and SSE2 on E27/345, located about 2.2km northeast and 2.9km north northwest respectively from the Silver Swan nickel mine; and
- Three RC holes will test three EM conductors on E27/528 about 3.1km west of the Silver Swan nickel mine.
Moho’s experienced geologists will supervise the drilling, which is anticipated to take up to 10 days for a total of 1,200m of RC drilling. All samples will be logged on site and all samples will be submitted to a laboratory for comprehensive geochemical analysis, including Ni and pathfinder elements. Where appropriate, holes will be cased with PVC in preparation for a downhole EM survey.
