Golden Horse Minerals Finds Visible Gold at Western Australia Project, Shares Down 3%

MT Newswires Live

Feb 17

Golden Horse Minerals (ASX:GHM) said its first diamond hole drilled within the year intersected visible gold of about 200 meters down-dip underneath the previously mined Hopes Hill pit in Western Australia, according to a Tuesday Australian bourse filing.

The results were up to four meters at 4.6 grams per tonne grade of gold from 297 meters, including 1.1 meters at 8.6 g/t gold from 297 meters within a wider zone of seven meters at 2.8 g/t gold from 297 meters.

The company said that of the 156 re-assays, over half reported at more than 5 g/t gold with a maximum assay of 63.3 g/t gold.

The company added that a second diamond drill and a third reverse circulation drill have been mobilized and are operating at Southern Cross, bringing the total number of drill rigs to five onsite to expedite the previously reported 125-kilometer drill program.

The company's shares fell 3% in recent Tuesday trade.

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