Mount Hope Mining has reported exceptional high-grade gold assays from rock chip samples at its Mt Solitary project, revealing visible gold and a promising mineralisation system analogous to the nearby Peak Gold Mine.
- Rock chip samples returned 40.89g/t and 52.5g/t gold with visible gold present
- Mineralisation shows strong parallels to Aurelia Metals’ Peak Gold Mine
- Elevated bismuth levels suggest a key vector for further gold discoveries
- Controlled-Source Audio-Frequency Magnetotellurics (CSAMT) survey planned to refine drill targets
- Exploration ongoing along the MS2 Gold Corridor with mapping and sampling advancing geological models
High-Grade Gold Discovery at Mt Solitary
Mount Hope Mining Limited (ASX – MHM) has announced compelling high-grade gold assay results from its Mt Solitary project in New South Wales. Two rock chip samples collected northwest of historical workings returned assays of 40.89 grams per tonne (g/t) and 52.5 g/t gold, both containing visible gold. These findings provide a strong endorsement of the company’s evolving geological model and the potential for a significant gold system.
Geological Parallels with Peak Gold Mine
The mineralisation at Mt Solitary exhibits colloform-crustiform quartz veining and a notable association with bismuth, a characteristic also observed at Aurelia Metals’ Peak Gold Mine, located approximately 140 kilometres north. This similarity suggests that Mt Solitary could host a high-grade, dilational gold system analogous to the well-established deposits in the Cobar district. The presence of bismuth is particularly significant as it may serve as a vector for locating additional mineralisation along the MS2 Gold Corridor.
Advanced Analytical Techniques and Exploration Plans
Mount Hope Mining employed advanced mineralogical analysis using the Bruker M4 TORNADO PLUS, which confirmed the presence of free gold and provided detailed insights into gold and bismuth distribution within the samples. This technology aids in refining drill targeting and future metallurgical testing. To build on these promising results, the company plans to commence a Controlled-Source Audio-Frequency Magnetotellurics (CSAMT) geophysical survey in late January. This survey aims to delineate subsurface structures to depths of up to 600 metres, guiding the next phase of drilling.
Expanding the MS2 Gold Corridor Potential
The Mt Solitary prospect sits within the broader MS2 Gold Corridor, a district-scale mineralised trend extending approximately 7.5 kilometres. Mount Hope Mining’s ongoing surface mapping and sampling continue to refine the geological framework, with the goal of identifying additional drill targets and expanding the known mineralised footprint. The company’s systematic, drill-led approach underscores its commitment to growing gold resources and advancing exploration in this prolific region.
Context and Outlook
These latest assay results follow successful initial drilling campaigns and reinforce the potential for Mt Solitary to evolve into a significant gold discovery. While the results are from limited rock chip samples and early-stage exploration, the combination of visible gold, high assay grades, and structural analogies to a producing mine provides a compelling narrative for investors and stakeholders. The upcoming geophysical survey and subsequent drilling will be critical in confirming the scale and economic viability of the mineralisation.
Bottom Line?
Mount Hope Mining’s visible gold assays at Mt Solitary set the stage for deeper exploration and potential resource growth in 2026.
Questions in the middle?
- How will the upcoming CSAMT survey influence drill targeting and resource definition?
- What metallurgical characteristics will the free gold and bismuth association reveal for processing?
- Can the MS2 Gold Corridor deliver multiple high-grade discoveries beyond Mt Solitary?