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Golden Horse Minerals Limited (ASX: GHM) has reported strong results from its latest Down Hole Electromagnetic (DHEM) survey, highlighting deeper anomalies at the Hopes Hill project with potential for significant high-grade mineralisation. A standout finding is a 200m x 200m conductor, supported by a recent diamond drill intercept (GHHHRCD0054: 4.4m @ 9.3 g/t Au), confirming the zone as a high-priority target. Two further conductors, measuring 360m x 130m and 400m x 400m, add to the exploration upside in the northern pit area.
The anomalies align with the geological model, plunging southwards, creating attractive drill opportunities. Additionally, results from 1,295 soil samples have defined three promising regional targets. To fast-track exploration, Golden Horse is mobilising another core rig and preparing a third RC rig, bringing total capacity to two diamond rigs and three RC rigs. Managing Director Nicholas Anderson noted that DHEM has proven to be a reliable tool, enabling systematic testing of the 1.3km Hopes Hill mineralised system.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.