Hopes Hill Exploration Update

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Stock GHM.ASX (GHM.ASX)
Release Time 5 Mar 2026, 10:06 a.m.
Price Sensitive Yes
 Hopes Hill Exploration Update
Key Points
  • Diamond drilling confirms quality of Hopes Hill asset with wide high-grade mineralisation
  • Hopes Hill North delivers further shallow, wide high-grade gold intersections
  • Regional drilling completed at Hakes Find, focus now shifts to Marionete
Full Summary

Golden Horse Minerals has received further assay results from its ongoing exploration program at the Hopes Hill asset and regional prospects in Western Australia's Southern Cross region. The highlights include:- A second diamond hole (26HHDD002) at Hopes Hill Main has confirmed mineralisation over 110m below the historic Hopes Hill pit, with results including 7.1m @ 2.5 g/t Au from 178.9m and 4.0m @ 3.1 g/t Au from 243m.- Numerous near-surface and wide gold intersections have been received from the Hopes Hill North area, including 16m @ 1.6 g/t Au, 8m @ 1.9 g/t Au, 10m @ 1.2 g/t Au, and 12m @ 1.0 g/t Au, indicating the mineralisation envelope extending beyond 700m north of the existing pit.- A 3,350m regional RC drilling program has been completed at the Hakes Find prospect, with results expected shortly. The rig has since mobilized to the Marionete/Star of Ennuin prospect for a ~3,400m program, targeting extensions of the highly successful 2025 program.The company's aggressive +125km drill campaign is continuing to deliver positive results, unlocking the understanding of the Hopes Hill deposit and confirming the prospectivity of the broader Southern Cross Greenstone Belt.

Outlook

Golden Horse's exploration strategy is focused on completing over 125km of RC and diamond drilling, primarily at Hopes Hill and selected regional prospects. The company will continue to provide updates on drilling progress and assay results as they become available.