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Poseidon recently announced that there are many high-grade nickel deposits in the adjacent Silver Swan mine, Moho Resources Ltd (ASX:MOH) has won a new exploration right, adjacent to the southern boundary of Poseidon Nickel Ltd (ASX:POS, OTC:PSDNF)'s high-prospect black swan nickel business in Western Australia.
It is encouraging to note that Moho's new mining area E27swap 623 is adjacent to Poseidon's M27Weix200 mine, which has a high-grade silver swan nickel sulphide deposit.
Moho said the E27Compact 623 would be an important part of Silver Swan's northern project, where the company aims to mineralize gold and nickel sulphides.
Looking ahead, the company's initial work plan for 2022 will focus on target generation prior to electromagnetic exploration and drilling.
Shane Sadlier, managing director of Moho, said: "as we step up nickel and battery metal exploration in Western Australia, granting the concession near the very high-grade nickel sulphide silver swan deposit is a very exciting development for Moho."
The Moho team is looking forward to a field trip in the new year with the goal of discovering an economical nickel sulphide deposit.
Poseidon recently announced a number of high-grade nickel ore sections at Silver Swan, including 17.92% of 15m at 285m and 13.26% at 11m at 288m.
This provides a strong encouragement for Moho in the field of E27swap 623.
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