Golden Horse Awarded Exploration Incentive Scheme Grant for Hopes Hill

Golden Horse Minerals (ASX: GHM) has been successful in its application for co-funding under the Western Australian Government’s prestigious Exploration Incentive Scheme (EIS).

The company has been awarded a grant of $77,500 to support upcoming diamond drilling at its Hopes Hill Project, located near Southern Cross in the Yilgarn region.

The EIS grant will co-fund two deep diamond drill holes to test Hopes Hill at greater depth and facilitate a greater geological understanding. In addition, the company plans to use the holes for down hole geophysical surveys to target any significant off-hole conductors that could be indicative of the pyrrhotite rich gold mineralisation of Hopes Hill.

This funding highlights the ongoing commitment of the Department of Mines, Industry Regulation and Safety (DMIRS), through the Geological Survey of Western Australia (GSWA), to encourage mineral exploration and discovery in under-explored regions across the State.

“We are thrilled to have received support from the EIS for our Hopes Hill Project. This funding is a strong endorsement of the prospectivity of our Project and enables us to significantly accelerate our planned exploration activities. We thank the Western Australian Government for their continued support of exploration companies and we look forward to unlocking further value from this exciting project,” Managing Director and CEO, Nicholas Anderson, said.

“Golden Horse continues to enhance its portfolio of high-quality exploration assets, with Hopes Hill representing a key component of the Company’s growth strategy in the prolific Yilgarn region.”