Nickel/Copper Ratio Update, page-2

Does this have any ramifications for POS? Anyone know?

NICKEL SULPHIDE EXPLORATION UPDATE AT SILVER SWAN NORTH 

ASX Announcement 18 January 2019 

Nickel sulphide exploration program currently focused on Moho’s 100% tenements E27/528 and P27/2232.

Highlights: 

• High nickel sulphide potential identified around historical RC drill hole SNRC008: 
  • - 5m of sediment intersected from 255m containing 10- 40% sulphides (up to 0.1% Ni) before ending in ultramafic rocks 
  • - downhole EM survey detected large, late time off-hole response towards bottom and south of drillhole 
  • - not followed up with further drilling at the time 
• High sensitivity SQUID EM survey by Moho identified three new conductors near SNRC008 with potential for discovery of nickel sulphide mineralisation 
• Application for Program of Works made to Department of Mines Industry and Safety (DMIRS) for RC drilling to test conductors to target depths of up to 300m downhole 
• Significant intersections of nickel sulphide mineralisation identified in other historical drillholes, including: 
  • - 7m @ 0.73% Ni from 23m including 1m @ 0.94% Ni from 28-29m in a serpentinised peridotite ultramafic in RC hole ESR218 
  • - 2m @ 0.4% Ni with a 3cm sheared zone of massive nickel sulphides from 243m depth in diamond hole GIND1

Next Steps: 

• Drill up to five RC holes to test new EM conductors (late February – early March 2019, subject to DMIRS approval of POW and drill rig availability) 
• Extend SQUID EM survey over anomalous Target Zone 4 (including nickel mineralisation in historical drillhole ESR 218) and to boundary with Poseidon Nickel’s mining lease (currently underway)
• Extend SQUID EM survey over remainder of anomalous Ni-in-soil zone (~5 km x 1km) within E27/528 (including nickel mineralisation in GIND1 and Target Zone 3) to identify any new conductors (by end of February 2019) 
• Undertake major geochemical and stratigraphic aircore drill program across northern area of E27/528 to identify suitable host rocks for nickel sulphide mineralisation under cover (Q1/2, 2019)

Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to provide an update on its nickel sulphide exploration program at the Silver Swan North project (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. 

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SILVER SWAN NORTH

HIGH GRADE GOLD ASSAYS FROM ONE METRE SAMPLES AT SILVER SWAN NORTH

ASX Announcement 19 December 2018 

High grade assay results have been received from individual 1 metres of recent RC drilling Moho’s East Samson Dam prospect on M27/263, including:

• Drilling extends known gold mineralisation to 220m along strike at East Samson Dam 
• Drilling confirms a number of gold zones at different depths 
• Further drilling planned by Moho for early 2019 to define limits of gold mineralisation at East Samson Dam Prospect and test new target areas

Moho Resources Ltd (ASX:MOH) (Moho or Company) is pleased to advise that high grade 1 metre gold assay results have been returned from the Company’s first drilling program on the East Samson Dam prospect on M27/263 at the Silver Swan North Project in Western Australia (Figure 1).