The Silver Swan North project is a highly prospective gold and nickel development opportunity located approximately 50km northeast of the mining centre of Kalgoorlie in Western Australia.

The project covers approximately 112km2 of highly sought-after tenure, adjacent to Poseidon Nickel’s ground containing the Silver Swan underground mine and Black Swan open pit and concentrator operations.

Moho believes the Silver Swan North project area is considerably under explored and highly prospective for komatiite-hosted nickel sulphide deposits as well as shear hosted and porphyry related gold mineralisation.

The primary target of the Silver Swan North project is the East Sampson Dam gold deposit which is situated within a 3.3km long magnetic anomaly coincident with a zone of ultramafic rocks. The gold deposit is related to quartz-feldspar porphyry bodies which have intruded dilational zones within shear zones.

Moho Resources has developed an interim JORC (2012) Mineral Resource Estimate of 264,000 tonnes @ 2.5 grams/tonne of gold for 21,600 ounces of contained gold at a 0.5 grams/tonne cut-off grade.

The East Sampson Dam deposit remains open north, south and at depth, and has considerable potential for expansion.  

The Resource provides a significant opportunity to accelerate mining operations, demonstrating the potential of a smaller-scale but economically attractive and rapid mining operation.

Funds from this proposed operation would be able to provide free cash flow and fast track the development of the Company’s other mining projects.