Mount Hope Mining unveils high-grade gold at Mt Solitary in NSW

• Thick, high-grade gold mineralisation intersected in multiple holes
• Campaign returned strongest intercepts to date on the northeastern-most drill line
• Holes intersected mineralisation approximately 275m below surface
• Significant gold intersected approximately 280m below surface on two separate drill sections

Mount Hope Mining (ASX: MHM) has received promising results from its phase three reverse circulation (RC) drilling program at the Mt Solitary gold prospect within the Mt Hope project in New South Wales.

The program has extended high-grade gold mineralisation down dip on multiple drill sections, with significant gold intersected approximately 280m below surface while the system remains open at depth and along strike.

CEO and MD, Fergus Kiley, said the high-quality results provide the company with strong guidance for its phase four diamond drilling campaign, which will commence shortly, aiming to further expand this gold mineralisation along strike and at depth at Mt Solitary.

“Phase three has delivered exactly what we set out to achieve. We stepped down dip on the northern and central sections of Mt Solitary and intersected thick, high-grade gold below the previously defined extent of mineralisation,” Mr Kiley said.

“The 26MSRC031 drill hole is a standout. It returned the strongest intercepts on our northeastern-most line, ended in mineralisation, and saved its best grades for the bottom of the hole. Importantly, the mineralised intervals are getting thicker and more continuous as we move north and down dip.

“On the central section, three drill holes extended mineralisation more than 100m down dip, and we now have significant gold approximately 280m below surface across approximately 120m of strike, with the system remaining open.

“The exceptional quality of these results is why we have moved quickly to secure a diamond drill rig. This next phase will test these depth extensions and further expand the mineralised area, as we work towards delivery of a maiden mineral resource estimate for the Mt Solitary gold prospect.”

Hole 26MSRC031 returned 6.0m at 6.8 grams per tonne (g/t) gold from 268m to end of hole (41 GT), including 4.0m at 9.9 g/t gold from 270m and 15m at 2.4 g/t Au from 242m (37 GT), including 4m at 7.9 g/t Au from 247m.

The phase three program was designed to test the down-dip extension of mineralisation on the northeastern-most drill line, below phase two drill hole.

It was a step out down dip on the central section of the prospect, below the phase one, phase two and historical drilling,

It was also designed to test mineralisation at depth between the northeastern and central sections and test the southern extent of the system, including a CSAMT anomaly.

A diamond rig operated by Tier 1 Drilling Australia, an Indigenous owned and operated drilling contractor, has been secured ahead of phase four drilling commencing imminently.

MHM was down 2.38% to 20.5¢ . Mkt cap $12.44M.

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