Golden Horse Minerals Reports Promising Drilling Results

Golden Horse Strikes Gold: High-Grade Results Extend Hopes Hill Project

Golden Horse Minerals (ASX: GHM) has delivered impressive new drill results from its Hopes Hill project, confirming both high-grade gold at depth and a significant northern extension that substantially enhances the project's resource potential.

Drilling Success Demonstrates Growing Gold System

The latest Golden Horse Minerals drilling results have returned outstanding intercepts from the Central Zone including:

• 15m at 3.4 g/t Au from 165m within a broader mineralised zone of 23m at 2.3 g/t Au (GHHHRC0055R)
• 3.0m at 8.4 g/t Au from 222m within a broader mineralised zone of 11m at 2.5 g/t Au (GHHHRC0056)
• 11m at 2.4 g/t Au from 152m including 8.0m at 3.1 g/t Au (GHHHRC0058)

Importantly, the Northern Extension has also delivered promising results with:

• 11m at 1.4 g/t Au (End of Hole) from 210m (GHHHRC0052)
• 9m at 1.2 g/t Au from 146m and 14m at 1.0 g/t Au from 202m (GHHHRC0051)

These results are particularly significant as they confirm high-grade gold mineralisation beneath previously identified lower-grade areas, suggesting the potential for a substantial ore body with a southerly plunge. Furthermore, these findings align with similar outcomes seen when S2 Resources launched its major drilling campaign across multiple Australian projects.

Technical Breakthrough: Understanding the Gold System

Golden Horse's recent structural modelling work has improved understanding of the mineralisation controls at Hopes Hill. The new Golden Horse Minerals drilling results demonstrate that what were previously thought to be lower-grade zones can contain high-grade mineralisation at depth.

For example, hole GHHHRC0055R (15m at 3.4 g/t Au) is located directly below what was previously reported as a lower-grade area (hole GHHHRC0025 with 54m at 0.4 g/t Au). This confirms the company's geological model which interprets a highly prospective, south-plunging ore body.

What is Down Hole Electromagnetic (EM) Surveying?

Down hole electromagnetic surveying is a geophysical technique used to detect conductive bodies (like sulphide minerals that often host gold) away from the drill hole. This technique can identify mineralisation that might not have been intersected by drilling.

For investors, this is significant because:

1. It's a cost-effective way to target further drilling
2. It can detect mineralisation several tens of metres from the drill hole
3. It's particularly effective in detecting sulphide-associated gold deposits like those at Hopes Hill

This technique has already proven successful just 3km north of the project, making it a valuable tool for the upcoming exploration work. In a similar approach, Austin Metals recently identified new gold targets using advanced exploration techniques.

Aggressive Exploration Plan Underway

Golden Horse is not slowing down, with several key exploration initiatives planned:

• A series of RC holes with deeper diamond tails to test depth extension and southerly plunge parameters
• Down hole electromagnetic (EM) surveys scheduled for mid-July to define significant off-hole conductors
• Additional drilling to test the newly discovered northern extension

"With diamond and RC drill rigs on site and concurrent EM surveying planned, Hopes Hill is buzzing like a saddling yard before a muster. I look forward to delivering the results of this immense exploration work in the weeks and months ahead," said Managing Director Nicholas Anderson.

Investment Case: A Gold System Taking Shape

Golden Horse Minerals' Hopes Hill project is rapidly emerging as a significant gold discovery with several key attributes that should interest investors:

The Golden Horse Minerals drilling results from Hopes Hill suggest the company is working within a large gold system beneath the entire 1.3km long historical Hopes Hill pit. To date, a total of 59 RC holes have been drilled for over 12,000m since late January 2025. This approach mirrors the success seen when Matsa Resources hit high-grade gold at its Fortitude North Project.

Why Follow Golden Horse Minerals?

Golden Horse represents a compelling opportunity for gold investors for several reasons:

1. Proven Exploration Success: The company has consistently delivered high-grade results since beginning drilling in January 2025

2. Strategic Land Position: Golden Horse has consolidated over 1,900km² in the Southern Cross Greenstone Belt, a historically prolific gold-producing region

3. Strong Technical Approach: The combination of structural modelling, RC/diamond drilling, and geophysical surveys demonstrates a sophisticated exploration strategy

4. Near-Term Catalysts: With multiple drill rigs operating and geophysical surveys planned, investors can expect a steady flow of news

With gold trading near all-time highs, Golden Horse's growing gold discovery at Hopes Hill positions the company as one of the more exciting exploration stories on the ASX. The company joins others like Great Boulder Resources announcing new targets and Metal Bank achieving resource increases in what appears to be a thriving period for Australian gold exploration.

"Our latest results continue to demonstrate the significant potential of Hopes Hill, with broad zones of mineralisation encountered at depth as well as along strike. This exciting discovery is complemented with further strong grades found in the northern zone which hint at the potential for further extensions," said Nicholas Anderson, Managing Director.

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