Golden Horse strikes 43m @ 4.5g/t gold at Hopes Hill in Southern Cross - shares close up +36% - Golden Horse Minerals (ASX: GMH)

10 Apr 2025 4:21 PM

Highlights:

• Latest assay results from the Central Zone at Hopes Hill deliver an exceptional 43m @ 4.5 g/t Au within a broader zone of 83m @ 2.5 g/t Au. These results highlight a potential for increasing grade and width with depth, reinforcing the potential of this zone:

GHHHRC0019: 43m @ 4.5 g/t Au from 103m, including:

• • • • 14m @ 8.2 g/t Au from 132m,
      • 8m @ 4.9 g/t Au from 107m, and;
      • 7m @ 4.0 g/t Au from 120m
• The full mineralised zone of GHHHRC0019, which included the 43m @ 4.5 g/t Au, was an impressive 83m @ 2.5 g/t Au from 103m.
• Hole GHHHRC0019 is located approx. 50m below hole GHHHRC00011 which returned 61m @ 2.5 g/t Au from 91m and forms part of a 1.3 km long mineralised system that is open both along strike and at depth.
• To-date a total of 29 holes have been drilled since late January 2025 with multiple wide, high-grade intersections along the entire 1.3km historic Hopes Hill pit which clearly demonstrate we are working within a large gold system.
• Drilling at Hopes Hill will continue to test mineralisation at increasing depth below the existing pit (average depth 50m) and along strike with more results expected in the near future.

Golden Horse Minerals Limited (ASX: GHM) (Golden Horse or Company) is pleased to announce recent results from drilling at Hopes Hill where the results continue to be highly encouraging.

Golden Horse Managing Director, Nicholas Anderson said:

“What a great result released today that reinforces our expectation that a substantial body of mineralisation lies beneath the existing shallow pit at Hopes Hill. It also validates our strategy of progressively testing the Hopes Hill mineralisation at depth and along the entire 1.3 km strike of the historic Hopes Hill open pit.

“We feel we are extremely well positioned with a great team, a great project, cash in the bank and a strong shareholder support base that permits the Company to remain a front runner among its peers.”

Hopes Hill Drilling

Reverse Circulation (RC) drilling commenced late January 2025 targeting shallow high-grade mineralisation below the historical Hopes Hill open pit. The initial aim was to confirm historical drill data and test the potential of the mineralisation immediately below the old pit floor and to determine the continuity along strike. The original pit depth was limited by tenement boundary constraints (now removed) which severely restricted drill pad location to test the mineralisation immediately below the pit floor. There has been minimal drilling since mining ceased in the mid 1990’s.

Hole GHHHRC0019 (43m at 4.5g/t Au from 103m down hole) is part of a broader zone of mineralisation (83m at 2.5 g/t Au from 103m down hole) within the Central Zone of Hopes Hill and is approximately 50 metres below previously reported GHHHRC0001 (61m @ 2.5 g/t Au from 91m). 

The latest assays returned also included the remainder of hole GHHHRC0017 and hole GHHHRC0018R which are located approx. +300m and +400m north of GHHHRC0019, include 3.0m @ 2.46 g/t Au (GHHHRC0017) and 6.0m @ 2.19 g/t Au (GHHHRC0018R), see Table 2 below. Given these latest results and the relationship between GHHHRC00019, Golden Horse is confident that the Central Zone of the pit represents a significant high-grade target with substantial width. Drilling is continuing both in this area and along the entire length of the 1.3km open pit with further results expected in coming weeks.

Further results will be released progressively as they are returned from the assay laboratory.

Contact details:

David Tasker 
Chapter One Advisors 
T: +61 433 112 936
E: [email protected]

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