Golden Horse Minerals (ASX:GHM) has confirmed ‘high-grade’ gold mineralisation in the first deep reverse circulation (RC) hole at Hopes Hill North as it continues aggressive exploration at the Southern Cross Gold Project in Western Australia.
The company’s first RC hole returned 12m @ 7 grams per tonne gold from 278m, including 5m @ 14.50g/t gold from 282m.
Golden Horse notes that hole 26HHRC024 is a step-out hole, targeting deeper mineralisation more than 1,000m from previous drilling, and returned 15m @ 1.5g/t gold from 265m. The company says this supports its geological model that deep mineralisation at Hopes Hill exceeds 3km in strike length.
Additional key results include:
- 12m @ 4.5g/t gold from 131m, including 7m @ 7g/t gold from 136m
- 7m @ 6.9g/t gold from 286.95m
- 27m @ 1.4g/t gold from 179m, including 3m @ 3.6g/t gold from 190m and 4m @ 4.3g/t gold from 203m
- 15m @ 2.1g/t gold from 166m
Managing Director and CEO Nicholas Anderson says that with the start of the Year of the Horse, the company’s strategy has been focused on “delivering a winning trifecta” with two RC rigs at Hopes Hill North and South and one diamond rig beneath the Hopes Hill pit.
“That strategy has paid off, as our latest RC results at Hopes Hill North are readily showing massive upside both along strike and at depth, with fantastic results also returned from Hopes Hill in this latest batch of assay results across RC and diamond drill holes,” Anderson says.
“Looking at our Hopes Hill long section, we are clearly starting to see the evolving Hopes Hill North deposit, with multiple intercepts now reflecting what we already see underneath the historic Hopes Hill pit.
“As we continue to drill, we are consistently seeing wide, high-grade gold results, which supports our geological interpretation that Hopes Hill is a more than 3km-long, heavily endowed gold mineralised system rarely seen in the WA gold industry.”
Drilling is ongoing at Hopes Hill, with core logging and assaying activities continuing and results expected to be released as they become available.
Golden Horse notes that beyond Hopes Hill, it is continuing with additional regional programs including rock chip and soil sampling, commencement of an inaugural RC program at Greenmount, and drill planning at other prospects.
Golden Horse Minerals is a gold exploration company in Western Australia’s Southern Cross region.
Write to Amy Rotman at Mining.com.au
Images: Golden Horse Minerals
