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Golden Horse Minerals Says Western Australia Gold Project Drilling Identifies Wide, High-Grade Gold Mineralization, Shares Up 5%

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Golden Horse Minerals (ASX:GHM) said it identified wide, high-grade gold mineralization during recent drilling at its Hopes Hill gold project in Western Australia, according to a Thursday Australian bourse filing.

The results were up to eight meters at 9.1 grams per tonne gold from 124 meters, including four meters at 17.4 grams per tonne gold from 128 meters.

The company said drilling at Hopes Hill since 2025 is expected to surpass 100 kilometers of reverse circulation (RC) and diamond meters, with current and future results to support an upcoming maiden mineral resource estimate.

Two mining lease applications at Hopes Hill North have been submitted to the Western Australia Department of Mines, Petroleum and Exploration, with the area earmarked for conceptual minor infrastructure to support the company's existing leases at Hopes Hill, it added.

The company's shares rose 5% in recent Thursday trade.

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