GHM Price sensitive 23 Sep 2025, 8:29 AM

Diamond Drilling Confirms Further High-Grade At Hopes Hill

Golden Horse Minerals Ltd

Diamond Drilling Confirms Further High-Grade At Hopes Hill

Key points

  • Central Zone: 28.7m @ 3.8 g/t Au including 4.5m @ 20.9 g/t Au
  • Southern Zone: 11.0m @ 2.4 g/t Au including 3.0m @ 5.1 g/t Au
  • Second diamond rig fast-tracked to site, bringing total to 4 rigs

Full summary

Golden Horse Minerals has reported significant new high-grade gold intersections from diamond drilling at the Hopes Hill project in Western Australia. In the Central Zone, a diamond hole (GHHHRCD0068) intersected 28.7m @ 3.8 g/t Au from 192m, including 4.5m @ 20.9 g/t Au, within a broader 86m @ 1.6 g/t Au interval. This confirms the previous wide high-grade reverse circulation (RC) drill results in the Central Zone. In the Southern Zone, hole GHHHRC0092 intersected 11.0m @ 2.4 g/t Au from 154m, including 3.0m @ 5.1 g/t Au, demonstrating the strong southerly plunge of the mineralization. The company has now fast-tracked a second diamond rig to site, bringing the total drilling capacity to four rigs (2 diamond, 2 RC). One of the RC rigs will be used to test exploration targets 500m south-east of the historic Hopes Hill pit. The results continue to strengthen the company's confidence that Hopes Hill can deliver significant, high-grade gold resources as the exploration program advances.

Outlook

The company is rapidly building a clearer picture of the +1.3km mineralized corridor at Hopes Hill, with the exploration strategy aimed at expanding the footprint of the project while refining the geological model to support future development studies.

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