Mount Hope Mining Limited (ASX:MHM) has released results from its Phase 3 Reverse Circulation drilling program at the Mt Solitary Gold Prospect within its 100%-owned Mt Hope Project in New South Wales, with drilling intersecting high-grade gold mineralisation approximately 280m below surface across multiple drill sections, including a standout intercept of 6m at 6.8 g/t Au from 268m to end of hole in drill hole 26MSRC031.

Key Points

  • Phase 3 comprised ten RC holes for a total of 2,919m at the Mt Solitary Gold Prospect in New South Wales
  • Drill hole 26MSRC031 returned 6m at 6.8 g/t Au from 268m to end of hole, including 4m at 9.9 g/t Au from 270m, ending in mineralisation approximately 275m below surface
  • Drill hole 26MSRC033 returned 17m at 2.4 g/t Au from 264m, including 6m at 5.4 g/t Au from 269m, approximately 280m below surface
  • Mineralisation remains open at depth and along strike, with the system extending approximately 120m apart across two separate drill sections at approximately 280m below surface
  • Phase 4 diamond drilling is to commence shortly, targeting down-dip extensions and contributing to a maiden Mineral Resource Estimate for Mt Solitary

Phase 3 RC Drilling Program Results at Mt Solitary

The Phase 3 program at the Mt Solitary Gold Prospect comprised ten RC holes for 2,919m and was designed to test the down-dip extension of mineralisation on the northeastern-most drill line, step out down dip on the central section, test mineralisation at depth between the northeastern and central sections, and test the southern extent of the system including a CSAMT anomaly. All assays from the Phase 3 program have now been received and interpreted, according to the filing. The Mt Solitary Gold Prospect sits within Mount Hope Mining's 100%-owned Mt Hope Project in New South Wales.

Northeastern Extension Drill Holes 26MSRC031 and 26MSRC032

Hole 26MSRC031 was drilled approximately 120m down dip of Phase 2 hole 25MSRC012 on the northeastern-most drill line and returned 15m at 2.4 g/t Au from 242m, including 4m at 7.9 g/t Au from 247m, and 6m at 6.8 g/t Au from 268m to end of hole, including 4m at 9.9 g/t Au from 270m. The hole ended in mineralisation approximately 275m below surface, which remains open down dip and along strike to the northeast. Hole 26MSRC032, drilled from the same pad, intersected a potential new strong hanging wall lode returning 6m at 2.5 g/t Au from 263m, including 1m at 13.5 g/t Au from 263m. The company has secured a diamond rig ahead of its Phase 4 campaign.

Central Section Step-Outs and Phase 4 Diamond Drilling Plans

On the central section, holes 26MSRC029, 26MSRC034 and 26MSRC033 stepped progressively down dip of earlier drilling. Hole 26MSRC029 returned 26m at 1.5 g/t Au from 169m, including 18m at 1.9 g/t Au from 176m, approximately 190m below surface, representing the second longest continuous intercept returned at Mt Solitary by the company to date. Hole 26MSRC034 returned 7m at 2.4 g/t Au from 293m, including 3m at 5.0 g/t Au from 293m, approximately 255m below surface. Hole 26MSRC033 returned 17m at 2.4 g/t Au from 264m, including 6m at 5.4 g/t Au from 269m, approximately 280m below surface. Phase 4 diamond drilling is to commence shortly, aiming to further expand mineralisation and contribute to a maiden Mineral Resource Estimate.