Golden Horse Minerals Limited (ASX: GHM) has reported exceptional drilling results from its flagship Hopes Hill gold project in Western Australia, with assays highlighting significant depth potential and continuity within the mineralised system.
The latest results from the Central Zone include a standout intercept of 43 metres at 4.5 grams per tonne gold within a broader zone of 83 metres at 2.5 g/t Au in drill hole GHHHRC0019.
High-grade sub-intervals within this intercept include 14m at 8.2 g/t Au, 8m at 4.9 g/t Au, and 7m at 4.0 g/t Au, underscoring the project’s potential for increasing grade and width at depth.
The mineralised zone in GHHHRC0019, located approximately 50 metres below the previously reported GHHHRC0001 (61m at 2.5 g/t Au), reinforces the continuity of the 1.3-kilometre-long mineralised system, which remains open along strike and at depth.
To date, 29 holes have been drilled since late January 2025, with multiple wide, high-grade intersections spanning the entire length of the historic Hopes Hill pit, a site last mined in the mid-1990s.
Golden Horse Managing Director Nicholas Anderson emphasised the significance of the findings, stating: “What a great result released today that reinforces our expectation that a substantial body of mineralisation lies beneath the existing shallow pit at Hopes Hill.
“It also validates our strategy of progressively testing the Hopes Hill mineralisation at depth and along the entire 1.3 km strike of the historic Hopes Hill open pit.”
Anderson further highlighted the company’s strategic positioning, stating: “We feel we are extremely well positioned with a great team, a great project, cash in the bank and a strong shareholder support base that permits the Company to remain a front runner among its peers.”
Drilling at Hopes Hill will continue to test extensions below the historic pit, which averaged just 50 metres in depth, with additional results anticipated in the coming weeks.
The company’s exploration strategy focuses on delineating the full scale of the mineralised system while advancing toward a maiden resource estimate.
