en.Wedoany.com Reported - Golden Horse Minerals (ASX:GHM) is advancing reverse circulation and diamond drilling at the Hopes Hill deposit in the Southern Cross region of Western Australia, preparing for its first mineral resource estimate in the second half of 2026.
The deposit hosts a gold resource of 216,000 ounces. The company currently has two diamond drill rigs and two reverse circulation drill rigs on site, with drilling focused on targeting deeper extensions to better understand vein geometry, structural influences, and deep mineralization styles. Current results show strong silicic and biotite alteration, accompanied by pyrrhotite and pyrite sulfide assemblages.
Key intercept results include: 24.18 meters at 2.2 g/t gold from 378.82 meters, within a broader mineralized zone starting at 378.82 meters totaling 40.2 meters at an average grade of 1.5 g/t gold, representing the deepest mineralized intercept at the deposit to date; 12 meters at 7.3 g/t gold from 116 meters, including 4 meters at 20.2 g/t gold from 124 meters; 12 meters at 3.1 g/t gold from 132 meters, including 4 meters at 7.6 g/t gold from 140 meters; and 15 meters at 1.6 g/t gold from 160 meters, including 5 meters at 3.3 g/t gold from 166 meters.
Managing Director Nicholas Anderson stated that these results demonstrate the "high-quality" structure of the Hopes Hill deposit, with strong and broad mineralization at depth. He noted that the 24.1-meter intercept within a roughly 40-meter-wide mineralized zone has opened a new target for geologists at a depth of 350 meters. This intercept lies beneath the previously mined Hopes Hill open pit, which was historically mined to an average depth of only 50 meters from surface, primarily limited by historical access conditions. Additional results from drill holes 26HHRC143, 26HHRC146, and 26HHRC147 all show downhole mineralization lengths of 12 meters or more, pointing to a stable mineralization system relatively close to surface and outside the pit perimeter.
Reverse circulation and diamond drilling are ongoing, along with core logging and assaying, with results expected to be released progressively. Beyond Hopes Hill, Golden Horse Minerals is also advancing regional projects, including rock chip and soil sampling, completing reverse circulation drilling at Greenmount, initiating drilling at two additional targets in Southern Cross, and further drilling planning. Golden Horse Minerals is a gold exploration company in the Southern Cross region of Western Australia.
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