Black Horse Mining mobilises rig to site at Mt Egerton

• Diamond drill rig enroute to project site
• Upcoming drill program of approximately 4,000m across 10 holes
• Permit to re-establish historic Sister Rose Adit received
• Company planning to have access to historical workings

Black Horse Mining (ASXL:BHL) has mobilised a high-capacity diamond drilling rig to site at the historic Mount Egerton gold project in Victoria.

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Planning for the next phase of drilling is well advanced, with approximately 4,000m across 10 holes scheduled as part of the upcoming program.

The company has also received permission to commence work on the re-establishment of the Sister Rose adit at the project.

The historic adit was used to haul ore from the one-level of the Sister Rose mine to the stamp battery for processing.

“We are excited to begin the next phase of drilling aimed at positioning the 3D geological model and then testing the deeper part of the deposit,” MD, David Frances, said.

Mr Frances said the approval for the re-establishment the Sister Rose Adit is a another step-forward for development activities at the project and once work there is completed location of the Sister Rose shaft should be possible, enabling the 3D model of the underground workings to be positioned accurately.

In addition Black Horse reported that final results of the maiden drill program have been received with some anomalous gold intersected in two of the holes.

In late March the company reported outstanding high-grade gold results at Mt Egerton.

Highlights included an intersection as 4.4m zone of gold mineralisation from 49.65m to 54.05m downhole.

The assayed portions returned high-grade results including 0.5m at 20.5 grams per tonne (g/t) gold and 0.25m at 46.2 g/t.

Mt Egerton was discovered in 1853 and mined until 1906 when water ingress shut down operations,

It was one of only eight Victorian gold mines to produce over one million ounces from primary sources.

It is also one of the few significant historical gold mines in Victoria that has not had extensive recent work as it was tied up by private owner for 25 years.

BHL is steady at 21.5¢. Mkt cap $13.89M.

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