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Golden Horse Minerals Confirms High-Grade Mineralization at Depth at Western Australia Deposit

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Golden Horse Minerals (ASX:GHM) confirmed high-grade mineralization at depth at the Hopes Hill North deposit, within its Southern Cross project in Western Australia, according to a Thursday filing with the Australian bourse.

The first deep reverse circulation hole at the deposit returned "exceptional" results, including 12 meters at 7 grams per tonne grade of gold from 278 meters, including five meters at nearly 15 g/t grade of gold from 282 meters, the filing said.

Additionally, drilling below and near the Hopes Hill pit delivered further high-grade results.

One diamond rig and two reverse circulation rigs are on-site, with a fourth rig expected to arrive soon, per the filing.

Shares rose 2% in morning trade on Thursday.

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