Moho Resources Ltd (ASX: MOH) has commenced diamond drilling at the Omrah nickel prospect at the company’s Silver Swan North project, 43km north northeast of Kalgoorlie.
The Omrah nickel prospect is host to an untested electromagnetic (EM) conductor which has been confirmed by geophysical interpretation of historic EM surveys.
Diamond drilling has commenced from 165m at the bottom of recently drilled RC hole 21SSC005. Based on geophysical modelling the diamond hole is expected to intersect the EM conductor plate at a depth of 405m down hole.
The identification of the Omrah and Wise nickel targets followed the review of geological and geophysical data by Moho’s exploration team.
Previous Reverse Circulation (RC) drilling at the Omrah and Wise prospects was completed in late January 2022. 14 RC holes were completed for 3,060m. Assay results are undergoing final QAQC, pending release.
Moho was awarded a grant of $150,000 under the Exploration Incentive Scheme (EIS) programme by the West Australian Government. The EIS grant will cover up to 50% of direct drilling costs associated with the RC and diamond drilling programme to test for massive nickel sulphide mineralisation at the Omrah and Wise nickel prospects.
Moho’s Interest in Silver Swan North Tenements Moho is the registered 100% owner of granted tenements M27/263, E27/528, E27/626, P27/2232, P27/2390, E27/613 and E27/623 and applications for E27/633, E27/641, P27/2441, P27/2456, E24/235 and E27/687 all of which comprise the Silver Swan North Project.
The company has also signed option agreements to acquire M27/488, P27/2200, P27/2216, P27/2217, P27/2218, P27/2226 and P27/2229.
In October 2021 Moho entered into a binding Heads of Agreement with Yandal Resources Ltd (Yandal) . Under the Agreement which is still subject to due diligence conditions, in exchange for a 1.0% Net Smelter Royalty, Moho will acquire from Yandal the exclusive right to access, explore for, own, mine, recover, process and sell all nickel, copper, cobalt and Platinum Group Elements extracted from the and associated minerals on 15 granted mining tenements held by Yandal, namely E 24/198, E 27/536, E 27/601, M 27/237, P 27/2206, P 27/2325, P 27/2331, P 27/2340, P 27/2341, P 27/2355, P 27/2356, P 27/2357, P 27/2358, P 27/2359, P 27/2360, P 27/2361, P 27/2362, P 27/2363, P 27/2364.
Under the Heads of Agreement the company will also vend four mining tenements under option and a tenement application to Yandal while retaining the rights for nickel and NSR gold royalties.