More Shallow High-Grade Mineralisation At Southern Cross

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Stock GHM.ASX (GHM.ASX)
Release Time 14 Apr 2026, 9:28 a.m.
Price Sensitive Yes
 More Shallow High-Grade Mineralisation At Southern Cross
Key Points
  • Exploration drilling at Southern Cross continues to deliver high-grade gold intercepts
  • Wide-spaced scout drilling at Hopes Hill South identifies near-surface gold mineralisation
  • Ongoing drilling at Hopes Hill North and Main defines a large-scale mineralised system
Full Summary

Golden Horse Minerals Limited (ASX: GHM) has successfully intersected high-grade gold mineralisation within a shear zone at Hopes Hill South, located approximately 200m south of the existing Hopes Hill pit. The drilling program was designed to test for mineralisation beneath historic shallow workings, and the successful intersection in hole 26HHRC066, which returned 7.0m @ 13.02 g/t Au from 13m downhole, confirms the presence of a mineralised shear zone below these workings and validates the company's geological interpretation of the Hopes Hill Shear Zone. Ongoing reverse circulation (RC) and diamond drilling (DD) at Hopes Hill North and Hopes Hill Main continues to define a large-scale mineralised system, with wide, high-grade intercepts including 11m @ 2.2 g/t Au from 144m, 6m @ 3.6 g/t Au from 107m, and 11.43m @ 1.48g/t Au from 234.57m. Regional RC drilling has concluded at Hakes Find and Marionete, with the majority of assay results still pending. Development studies for Hopes Hill Main remain ongoing.

Outlook

Further drill planning is underway to test the extensive strike length and depth extensions from the newly defined high-grade zone at Hopes Hill South. Ongoing RC and DD across Hopes Hill North and Hopes Hill Main is expected to generate additional significant gold mineralised intercepts, with results to be released progressively. The company will also advise the market of drilling progress and geological interpretations at its regional prospects as they become available.