Golden Horse Minerals Uncovers Deep High-Grade Gold Targets at Hopes Hill

Deep Targets Emerge at Hopes Hill

Golden Horse Minerals has announced compelling results from its Down Hole Electromagnetic (DHEM) survey at the Hopes Hill project in Western Australia’s prolific Southern Cross Greenstone Belt. The survey, conducted in July 2025, identified three significant conductive plates, including a 200m by 200m anomaly that aligns with recent diamond drilling intercepts of 4.4 metres grading 9.3 grams per tonne gold. This intersection confirms the presence of deeper, high-grade mineralisation beneath the historic 1.3km pit.

Two other large conductors measuring 360m by 130m and 400m by 400m were also detected, offering substantial exploration upside in the northern pit area. The southerly plunge of these anomalies fits well with the geological model, providing a clear roadmap for upcoming drill campaigns.

Expanding Exploration Across Southern Cross

Beyond Hopes Hill, Golden Horse’s regional soil geochemical surveys have delivered encouraging gold results from 1,295 samples collected across nine prospects, including Anstey, Ennuin Star South, Violet North, and Magpie South. Notably, the Anstey prospect returned a highly anomalous gold corridor stretching 750 metres, with peak soil values reaching 309 parts per billion. These results highlight multiple new drill targets that could extend the company’s footprint in this gold-rich belt.

While some areas like Tenby and Ennuin Dome North showed limited gold response, the overall soil sampling program is refining the exploration focus and supporting the prioritisation of targets for follow-up drilling.

Accelerated Drilling and Forward Plans

To capitalise on these promising results, Golden Horse is mobilising additional drilling capacity. A second diamond drill rig is being deployed to fast-track testing of the high-grade DHEM conductor at Hopes Hill, while a third reverse circulation rig is queued to increase drilling throughput. This expanded rig fleet will enable simultaneous shallow and deep drilling programs, accelerating the pace of exploration and resource definition.

Managing Director Nicholas Anderson emphasized the significance of confirming DHEM as a reliable tool for uncovering concealed mineralisation and outlined plans to extend the technique along the entire Hopes Hill corridor and other tenement areas. The company is also advancing geological mapping and structural interpretation to better understand mineral controls and refine drill targeting.

Balancing Optimism with Exploration Risks

While the initial drill intersections and geophysical anomalies are encouraging, Golden Horse acknowledges that further drilling and assay results are required to confirm the continuity and economic viability of the mineralisation. The company’s forward-looking statements highlight typical exploration uncertainties, including geological complexity and market factors.

Nevertheless, the combination of geophysical and geochemical data, coupled with increased drilling capacity, positions Golden Horse Minerals well to advance its Southern Cross gold projects toward resource growth and potential development.