Golden Horse Minerals (ASX:GHM) said it found gold mineralization during recent drilling at its Hopes Hill project in Western Australia, according to a Thursday Australian bourse filing.
The results were up to 7.1 metres at 2.5 grams per tonne grade of gold from 178.9 metres, including four metres at 3.1 g/t gold from 243 metres.
The company said that the regional drilling program of 3,350 metres at the Hakes Find prospect has now been completed, with results expected shortly, and the rig has since mobilized to Marionette/Star of Ennuin prospect for a 3,400-meter program.
The company's shares were down 2% in recent Thursday trade.