Mt Solitary Phase 2 Drilling Set for December Following 8m at 9g/t Gold Intercept

Historical Core Unlocks New Potential

Mount Hope Mining Limited (ASX – MHM) has announced the imminent restart of drilling activities at its Mt Solitary gold prospect in New South Wales, following a comprehensive re-logging and reinterpretation of historical diamond drill cores. The company recently examined 11 historical drill holes from both Mt Solitary and the nearby Mt Solar prospect at the WB Clarke Geoscience Centre in Londonderry, NSW. This work has been pivotal in refining the geological understanding of the area and supports an evolving structural model that underpins the upcoming Phase 2 drilling campaign.

A Coherent Mineralised Corridor Emerges

The reinterpretation has revealed that Mt Solitary and Mt Solar are part of a single, structurally connected 7.5-kilometre mineralised gold trend, dubbed the MS2 Corridor. This corridor is characterised by consistent alteration, mineralogy, and structural features across both prospects, suggesting a shared fluid source and mineralisation process. Notable historical intercepts include 8 metres at 9.0 grams per tonne (g/t) gold from 182 metres depth at Mt Solitary, and 2 metres at 11.46 g/t gold from 56 metres, reinforcing the prospectivity of the corridor.

Innovative Techniques Enhance Exploration

Mount Hope Mining has also leveraged hyperspectral scanning technology (HyLogger) on historical drill cores, particularly from Mt Solar, to map hydrothermal alteration zones associated with gold mineralisation. The HyLogger data highlights key alteration minerals such as chlorite and silica flooding, which correlate with gold-bearing zones. This approach is now being extended to Mt Solitary cores, providing a powerful vectoring tool to identify high-grade shoots and structurally controlled mineralised zones, thereby reducing exploration risk ahead of drilling.

Phase 2 Drilling Program Set for December

Building on the success of its Phase 1 drilling campaign, which returned encouraging results including 19 metres at 4.5 g/t gold, Mount Hope is preparing to commence a Phase 2 drill program targeting the refined structural model. The company plans to drill up to 15 Reverse Circulation holes at Mt Solitary starting in early December, aiming to test the strike and plunge of the mineralised shear zone. An active tender process for the drilling contract is underway, with earthworks expected to begin imminently.

Strategic Implications and Next Steps

These developments mark a significant step in de-risking and advancing the Mt Hope Project. The confirmation of a continuous mineralised corridor and the integration of advanced hyperspectral data provide a strong foundation for potential new discoveries. Mount Hope’s management views this as a unique camp-scale exploration opportunity that could unlock substantial value for shareholders. The market will be watching closely as drilling results from Phase 2 emerge, which will be critical in validating the structural model and defining the resource potential.