Golden Horse Says Western Australia Prospect Exploration Drilling Returns with High-Grade Intercepts

MT Newswires Live10:00

Golden Horse Minerals (ASX:GHM) said initial nine-hole reverse circulation exploration drilling at the Greenmount prospect within its Southern Cross gold project in Western Australia returned with high-grade intercepts, according to a Thursday Australian bourse filing.

It encountered intercepts of eight meters at 16.3 grams per tonne grade of gold from 209 meters, as well as eight meters at 8.6 g/t grade of gold from 218 meters.

Grab sampling of historic stockpiles confirmed high-grade mineralization at the Withers prospect. The reverse circulation rig completed a program at the Bells and Lynette prospects, targeting shallow mineralization.

Its shares rose 2% in recent trading on Thursday.

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