"Drilling at Hopes Hill, a priority prospect, is expected to commence in February 2025, with a 4,500m RC program."
We are in a trading halt already on this drill campaign, looking forward to the announcement tomorrow, bodes well for the coming months!
Hopes Hill was previously mined as a 1.3km long relatively shallow open pit in the 1980/90s. Production was reported as 2.9Mt at 2.25g/t for 216Koz of gold.
Mining of the pit and drilling at depth were previously limited by a separate tenement not accessible to the mine owners at the time. With Golden Horse now controlling all tenements in the area, drill testing the deposit at depth and along strike is possible.
The Hopes Hill Stage 1 drill programme will be the first drilling undertaken in the area in 20 years and is aimed at validating historic drilling and to better define the geometry of the mineralisation (ie plunge and dip) including a poorly tested mineralised hanging wall structure.
Golden Horse considers the 1.3km long Hopes Hill pit (mined at a time of much lower gold prices) has the highest potential for rapidly providing the Company with resource inventory.
GHM Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
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