Golden Horse Minerals Charges Ahead with First Drilling Campaign Post-Listing

Rapid Progress Post-Listing

Golden Horse Minerals (ASX: GHM) has hit the ground running following its successful listing on the ASX in December 2024, completing its first reverse circulation (RC) drilling campaign at the Hakes Find prospect within the same month. This initial 1,219-metre program marks a significant milestone as the company transitions from land consolidation to active exploration in the highly prospective Southern Cross Greenstone Belt of Western Australia.

Managing Director Nicholas Anderson highlighted the strategic importance of this early drilling, noting that it not only tests a promising gold target but also fine-tunes the company’s operational readiness ahead of more extensive campaigns planned for 2025.

Hakes Find: Validating Historical Potential

Hakes Find, located approximately 10 kilometres south-southwest of Southern Cross, has a history of shallow mining and prospecting but remains largely underexplored at depth. The recent drilling aimed to validate historical results and assess mineralisation continuity along a 150-metre strike. Early observations of alteration consistent with mineralisation are encouraging, though assay results are awaited in early February.

Golden Horse’s approach includes twinning historic drill holes to confirm legacy data, a prudent step given the fractured ownership and limited modern exploration in the region. Positive assay outcomes could pave the way for a Stage 2 resource definition program later in 2025, potentially leading to the company’s maiden JORC-compliant resource at Hakes Find.

Expanding the Exploration Pipeline

Beyond Hakes Find, Golden Horse is preparing for a substantial 4,500-metre RC drilling campaign at Hopes Hill, a historically mined prospect with reported production of 216,000 ounces at 2.25 g/t gold. This will be the first drilling in the area in two decades and aims to test mineralisation at depth and along strike, now possible due to consolidated tenement control.

In parallel, the company has collected over 1,000 soil samples across five project areas to fill gaps in geochemical coverage and identify new targets. These samples are undergoing multi-element analysis using advanced assay techniques designed to detect subtle anomalies beneath transported cover, with results expected within weeks.

Capital and Strategic Positioning

Golden Horse’s A$18 million capital raise through its IPO provides a robust financial foundation to pursue its aggressive exploration agenda. The company’s extensive 1,900 square kilometre landholding in a prolific gold district positions it well to leverage both brownfields and greenfields opportunities. The focus on systematic exploration and resource definition reflects a disciplined strategy aimed at building a meaningful resource inventory while maintaining a pipeline of new prospects.

With assay results pending and a busy drilling schedule ahead, Golden Horse Minerals is poised to deliver critical news flow that could reshape investor perceptions and market valuation in the months to come.