Golden Horse Minerals Reports Promising Hopes Hill Project Results

Outstanding Results Confirm Major Gold System

The latest assay results from 15 reverse circulation (RC) holes have delivered numerous high-grade gold intercepts, reinforcing the project's potential to become a significant gold mining operation.

Key highlights include:

• GHHHRC0031: 24m @ 2.8 g/t Au (68 gram-metre) from 95m, within a broader mineralised zone of 75m @ 1.2 g/t Au
• GHHHRC0032: 15m @ 2.7 g/t Au (41 gram-metre) from 94m, within a mineralised zone of 81m @ 0.8 g/t Au
• GHHHRC0028: 13m @ 2.4 g/t Au (31 gram-metre) from 132m
• GHHHRC0027: 6m @ 3.8 g/t Au (23 gram-metre) from 136m
• GHHHRC0020: 24m @ 1.4 g/t Au (34 gram-metre) from 102m and 18m @ 1.2 g/t Au (22 gram-metre) from 162m

These results follow previously announced high-grade intercepts, including a standout result of 43m @ 4.5 g/t Au from 103m (GHHHRC0019).

"The continuation of these wide high grade results support our belief that the Hopes Hill project can deliver a large scale, long life open pit," said Golden Horse Managing Director Nicholas Anderson.

To date, Golden Horse Minerals has completed 38 RC holes for over 7,600m since late January 2025, consistently demonstrating wide, high-grade intersections across the entire length of the historical pit. The company recently launched a strategic drilling campaign which has clearly yielded impressive results.

Understanding Gram-Metres in Gold Exploration

A key metric highlighted in the announcement is "gram-metres," which is a standardising calculation used to compare drill intercepts across gold projects. This figure is calculated by multiplying the grade (in grams per tonne) by the length of the intercept in metres.

For gold explorers, gram-metres provide a quick way to assess the potential economic significance of an intercept. Generally, intercepts with values above 20 gram-metres are considered potentially significant, while those above 50 gram-metres often indicate substantial mineralisation.

The multiple intercepts exceeding 20 gram-metres at the Golden Horse Minerals Hopes Hill project, with some reaching as high as 68 gram-metres, suggest a robust gold system with potential economic viability.

Project Geology and Mineralisation Patterns

The drilling results reveal several important geological characteristics:

1. Continuous mineralisation along the entire 1.3km length of the previously mined pit
2. Wide mineralisation envelope with elevated gold grades, particularly in the central pit area
3. Improving mineralisation at depth in the northern section, previously interpreted as a lower-grade area

The cross-sectional views provided in the announcement show that the mineralisation often occurs as broad zones with higher-grade sections within them. For example, GHHHRC0031 in the central pit area shows mineralisation thickening and improving in grade at depth compared to historical drilling.

Accelerated Exploration Plans

With such encouraging results, Golden Horse is looking to accelerate its exploration program:

1. The company recently secured Exploration Incentive Scheme funding from the Western Australian government for deeper drilling
2. Plans to mobilise a diamond coring rig in the coming months to:
   • Complete deeper drilling beneath the known mineralisation
   • Provide enhanced geological and structural knowledge of the deposit

3. Continue the current RC drilling program with the aim of delivering a JORC-compliant mineral resource estimate

"Drilling is continuing, and Golden Horse is reviewing options to increase the pace from a canter to a gallop to more rapidly define and extend the 1.3 km long body of mineralisation," noted Anderson.

Investment Case: Why Golden Horse Stands Out

Golden Horse Minerals presents a compelling investment case in the junior gold exploration sector:

1. Significant Scale Potential

The drilling results clearly demonstrate a large gold system spanning 1.3km, with mineralisation open at depth and potentially along strike.

2. High-Grade Intercepts

Multiple intersections exceeding 2 g/t Au over substantial widths suggest the potential for attractive economics in any future mining operation.

3. Strategic Project Location

The Southern Cross region is a prolific gold-producing area with established infrastructure and operational expertise.

4. Extensive Land Position

Golden Horse has consolidated over 1,900km² of tenure within the Southern Cross Greenstone Belt, providing substantial exploration upside beyond the Hopes Hill project.

5. Clear Path Forward

With drilling continuing and a resource estimate planned, investors can expect regular news flow and potential value catalysts in the coming months. Additionally, the company is well-positioned to benefit from the current Australian gold market boom.

The Significance of the Golden Horse Minerals Hopes Hill Project Results

The Golden Horse Minerals Hopes Hill project results represent a significant development in the Southern Cross region's gold exploration landscape. The consistency of high-grade results across the entire 1.3km strike length demonstrates this is not just a localised occurrence but a significant gold system.

The latest batch of assays has reinforced the project's potential in several key ways:

1. Validation of historical data: The results confirm and often exceed grades reported in historical drilling, increasing confidence in the overall mineralisation model.

2. Depth potential: Several intercepts show mineralisation improving at depth, suggesting the system may strengthen with depth rather than diminish.

3. Strike continuity: The distribution of high-grade intercepts across the full 1.3km length indicates a robust and continuous system.

4. Economic potential: The combination of grade and width suggests potential for a large-scale, open-pit mining operation if resources can be defined.

The company's measured approach to exploration, combined with the ambition to accelerate the program following these excellent results, suggests a well-managed program that could deliver substantial shareholder value as the project advances.

With diamond drilling set to commence in the coming months and continued RC drilling already underway, investors can expect regular updates and potentially a maiden resource estimate that could serve as a major catalyst for the company's valuation.

Golden Horse Minerals' Hopes Hill project represents an opportunity to invest in a gold exploration company with an emerging major discovery that continues to deliver impressive results with each new batch of assays. For investors seeking low risk investment opportunities in Australian gold, this project deserves serious consideration.

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