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Golden Horse Minerals Stands Out as Sole Gold Explorer Capable of Generating Economic Ounces in Southern Cross, Euroz Hartleys Says

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Golden Horse Minerals (ASX:GHM) stood out as the sole gold explorer/developer capable of generating scalable and economic ounces in the Southern Cross region of Western Australia, Euroz Hartleys said in a Thursday note.

The company recently reported drill results from its Hopes Hill project, confirming high-grade mineralization at depth at the Hopes Hill North deposit.

The first deep reverse circulation hole at the deposit yielded 12 meters at 7 grams per tonne grade of gold from 278 meters, roughly 700 meters to the north of the current northern limit of the main Hopes Hill pit.

Drilling below and near the pit also delivered further high-grade results.

Euroz Hartleys maintained its speculative buy rating and AU$1.17 target price on Golden Horse Minerals.

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