Mount Hope Mining Restricted (ASX: “MHM” or the “Firm”) is happy to announce its maiden drill program has commenced at its 100%-owned Mt Hope Venture in New South Wales (Determine 1).
Highlights:Inaugural drill program contains ~4,800m of Reverse Circulation (“RC”) and Air Core (“AC”) drilling throughout 4 precedence targets.Drill marketing campaign consists of high-confidence infill and extensional drilling at Mt Solitary, which boasts an Exploration Goal vary of 1.32 to 1.87Mt of 1.0 to 1.35 g/t Au for 42.5 to 81.4 Koz (Desk 1).The brand new Blue Heeler prospect, internet hosting coincident MLTEM conductors, is positioned roughly 200m west of historic drill gap GCS-1, which included a historic intercept of 31m @ 0.42% Zn, 0.26% Pb, 117 ppm Cu and 4.8 ppm Ag from 56mThe Mt Hope East and Black Hill prospects, internet hosting coincident geochemical and geophysical anomalies, have by no means been examined by drilling.
The inaugural drilling marketing campaign will take a look at 4 precedence targets for a complete of ~4,800m of Reverse Circulation (RC) and Air Core (AC) drilling, together with the not too long ago added Blue Heeler goal (see ASX announcement, 15 July 2025 &22 August 2025).
Mount Hope Mining Managing Director & CEO Fergus Kiley commented:
“Mount Hope Mining is happy to start its maiden drill program on the Mt Hope Venture – a big milestone in our journey in direction of unlocking the potential of the southern Cobar Basin.
“Every precedence prospect represents a excessive conviction drill goal, backed by high-quality geological science, and we look ahead to exploring these areas additional.
“We consider these 4 precedence areas signify an excellent alternative to create shareholder worth by way of true greenfield exploration success or by delineating helpful ounces for future improvement.
“We look ahead to holding shareholders up to date with sturdy information circulation all through the rest of Q3 and into This fall with the outcomes from the exploration drilling, together with the metallurgical take a look at work for Mt Solitary, and with our different early-stage exploration packages.”
Determine 1: RC Drill rig commences drilling the Mt Solitary Program
Mt Solitary Exploration Goal
Desk 1: Mt Solitary Exploration Target2
The potential amount and grade of the Exploration Goal are conceptual in nature. As such, there was inadequate exploration to estimate a Mineral Useful resource, and it’s unsure whether or not additional exploration will end in a Mineral Useful resource. The Exploration Goal has been ready by the JORC Code 2012.
Maiden drilling marketing campaign on the Mount Hope Venture
The inaugural Mt Hope maiden drill program has commenced drilling, beginning on the Mt Solitary prospect to transform the prevailing Gold Exploration Goal (Desk 1) to a JORC (2012) Mineral Useful resource Estimate (MRE).
The preliminary part 1 RC program at Mt Solitary will encompass ~1,500m (Determine 2). The drill rig will then mobilise to check the greenfield polymetallic drill targets at Blue Heeler and Black Hill earlier than ending this system at Mt Hope East.
The Firm has engaged ALS Laboratories in Orange, NSW, for analytical work. Samples from the maiden drilling marketing campaign will probably be despatched to Orange all through this system, with pattern preparation evaluation to be accomplished on the similar facility.
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