Mount Hope Mining Advances High-Grade Gold Hunt with Phase 2 Drilling at Mt Solitary

Phase 2 Drilling Kicks Off at Mt Solitary

Mount Hope Mining Limited (ASX, MHM) has commenced its eagerly anticipated phase 2 drilling program at the Mt Solitary gold prospect, located within its 100%-owned Mt Hope Project in New South Wales’ southern Cobar Basin. This next stage of exploration follows a highly promising phase 1 campaign that delivered standout high-grade gold results, including intercepts of up to 19 metres at 4.5 grams per tonne gold, with some zones reaching grades as high as 50 grams per tonne.

Building on Strong Early Results

The initial drilling phase confirmed Mt Solitary as a potentially overlooked gold system with significant upside. Encouraged by these findings, Mount Hope is now targeting extensions of this mineralisation both down plunge and along strike, as well as testing for parallel lodes. The company’s Managing Director Fergus Kiley highlighted that success in this phase could elevate Mt Solitary into the resource-definition stage, laying the groundwork for the company’s first JORC-compliant Mineral Resource estimate.

Strategic Location and Regional Potential

Mt Solitary sits within a broader 7.5-kilometre mineralised corridor known as the MS2 Corridor, which the company believes holds considerable exploration potential. Recent geological assessments, including a field trip to the NSW Core Library, have reinforced the prospectivity of this corridor, noting similarities in mineralisation styles between Mt Solitary and the southern Mt Solar prospect. The project benefits from excellent infrastructure, including proximity to major highways, rail lines with access to seaports, and local services in the historic mining town of Mount Hope.

Historical Context and Future Outlook

The Mt Hope Project area has a rich mining heritage, with historic copper mines producing substantial quantities of metal in the late 19th and early 20th centuries. The current focus on gold exploration taps into the region’s polymetallic potential, which has seen recent “blind” discoveries nearby, underscoring the district’s ongoing allure for explorers. Mount Hope’s methodical approach to advancing its structural and geological models aims to unlock further value along the MS2 Corridor and beyond.

Looking Ahead

As drilling progresses, investors and analysts will be watching closely for assay results that could confirm the extent and grade of mineralisation. These results will be pivotal in shaping the company’s next steps towards resource definition and potential development. Mount Hope Mining’s continued exploration efforts at Mt Solitary represent a significant chapter in its ambition to establish a meaningful gold position in the prolific Cobar Basin.