Financial Wire

Golden Horse Minerals Intersects High-Grade Gold at Western Australia Prospect

-- Golden Horse Minerals (ASX:GHM) intersected high-grade gold mineralization within a shear zone at Hopes Hill South at the Hopes Hill prospect in Western Australia, according to a Tuesday Australian bourse filing.

It encountered an intercept of seven meters at 13.02 grams per tonne grade of gold from 13 meters downhole, confirming the presence of a mineralized shear zone below historic shallow workings.

It also hit intercepts of 11 meters at 2.2 g/t grade of gold from 144 meters, as well as six meters at 3.6 g/t grade of gold from 107 meters during ongoing drilling across Hopes Hill North and Hopes Hill Main.

Its shares rose 1% in recent trading on Tuesday.

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