New High-Grade Gold Zone Confirmed at Mt Egerton

Key points

• High-grade gold confirmed at Sister Rose No1 Splay: 0.60 m @ 10.92 g/t Au and 0.7 m @ 10.67 g/t Au
• Down-dip continuity confirmed by historical intercept of 2 m @ 5.13 g/t Au
• Results confirm two mineralisation styles at Egerton, broadening target inventory
• Drill rig mobilising in September to test new targets

Full summary

Black Horse Mining Ltd (BHL) has announced the discovery of a new high-grade gold zone at its Mt Egerton Gold Project. The newly named Sister Rose No1 Splay has returned face samples of 0.60 m @ 10.92 g/t Au and 0.7 m @ 10.67 g/t Au, indicating significant mineralisation. Historical drilling data correlates with the newly discovered structure, suggesting continuity at depth. The discovery confirms two styles of mineralisation at Egerton, enhancing the exploration potential of the project. The company plans to mobilise a drill rig in September to further test the new targets and other priority areas.

Outlook

The company plans to mobilise a drill rig in September to test the newly discovered high-grade gold zone and other priority targets, aiming to expand the mineral inventory.