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Goldman Strong diamond drilling results highlight high-grade zones and strike expansion
Golden Horse Minerals Limited (ASX:GHM) has reported further strong diamond drilling results from its Hopes Hill project, with visible gold intersected in a northern extension of the system and multiple high-grade zones confirmed.
The standout result from hole 26HHDD010 returned 16.0m @ 6.8 g/t Au from 115.0m, including an exceptional 1.0m @ 98.4 g/t Au, within a broader 8.0m @ 13.1 g/t Au zone. Visible gold was observed within the footwall lode, approximately 830 metres north of a previously identified high-grade intersection, reinforcing continuity along a +2.5km mineralised trend.
Additional drilling has delivered further notable intercepts:
- 13.6m @ 3.0 g/t Au from 308.4m (26HHDD009), including 3.0m @ 8.3 g/t Au
- 7.0m @ 13.0 g/t Au from 13.0m (26HHRC066)
- 6.0m @ 3.15 g/t Au from 323.0m (26HHDD008)
- 6.1m @ 1.30 g/t Au from 414.9m (26HHRCD016)
The latest results come from an area north of the historic Hopes Hill pit that had previously seen limited drilling due to tenement constraints. With those constraints now removed, Golden Horse is targeting what it believes could be a significantly larger gold system than previously recognised.
Since January 2026, the company has expanded mineralisation along strike, to the north and south of the pit, and at depth beneath it. Ongoing drilling is aimed at testing the footwall lode further, particularly across an approximately 830m untested corridor between key high-grade holes.
Golden Horse Managing Director, Nicholas Anderson said:
The results from hole 26HHDD010, located immediately north of the previously mined Hopes Hill pit, are exceptional given the area yet to be drill tested immediately north of the Hopes Hill pit. Prior operators were constrained by tenement boundaries, with Golden Horse now the beneficiary holder of a large contiguous ground package in the Southern Cross region centred on Hopes Hill. This ownership now facilitates comprehensive drill programs aimed at unlocking the value and potential of the broader Hopes Hill deposit and other regional targets largely untested for decades.
To the south of the Hopes Hill pit, a recently announced shallow intercept of 7m at 13.0 g/t Au from 13m in 26HHRC066, coupled with hole 26HHDD010 16m at 6.8g/t Au from 115m and you can see why we are excited about the potential scale of Hopes Hill. These intersections represent immediate follow-up targets for drill testing, with approximately 830m of untested lode horizon between hole 26HHDD010 and hole 26HHDD001 which also returned high grade and visible gold from 297m near the centre of the historic pit.
Beneath the pit, and also collared outside the historical tenement boundary, Hopes Hill Main has also delivered a solid result with 13.6m at 3.0 g/t Au from 308.4m returned in hole 26HHDD009. Other RC and diamond results drilled during the quarter have since been returned, which prove that our strategy of whipping the pony into shape with an aggressive +125km drill budget for 2026 should have the members reaching out to the bookmakers to get in before this horse bolts.
