Golden Horse Minerals Hits Another High Note at Baby Queen and Lake View
Golden Horse Minerals (ASX: GHM) is starting to turn heads across the goldfields of Western Australia, with its latest regional drilling results offering more than just a glint of promise. The company has delivered another batch of shallow, high-grade intercepts - this time from the Baby Queen and Lake View prospects - bolstering the already impressive results from the Marionete-Star of Ennuin trend and setting the stage for an aggressive 2026 field campaign.
The results, released to the ASX on 9 December, confirm that Golden Horse’s regional exploration strategy is more than just greenstone optimism. Baby Queen, located around 15km north-northwest of Bullfinch, has yielded standout hits including:
2m at 8.1 g/t Au from 64m, including 1m at 15.7 g/t in hole GHBQRC002, and
3m at 4.7 g/t Au from 25m, including 1m at 14.0 g/t, in GHBQRC005.
These intercepts sit approximately 50 metres vertically beneath historic workings, suggesting that the mineralised system extends at depth - a tantalising clue for follow-up drilling.
Meanwhile, Lake View, situated to the north of Baby Queen, returned more modest but still notable results:
2m at 2.5 g/t Au from 25m (GHLVRC002) and
2m at 1.1 g/t Au from 45m (GHLVRC010), among others.
While these intercepts don’t quite reach the same grade echelons as Baby Queen or Marionete, they nonetheless indicate the presence of shallow gold mineralisation - enough to justify further probing.
A Trifecta Takes Shape
This latest news completes what Golden Horse is referring to as a "trifecta" of regional success: Baby Queen, Lake View, and the Marionete-Star of Ennuin trend, which previously returned a 10m intercept at 6.8 g/t Au from just 5m, including an eye-popping 1m at 37.5 g/t Au.
Managing Director Nicholas Anderson was understandably upbeat:
“We are particularly heartened by our strike rate with seven of ten holes at Lake View and four of six holes at Baby Queen all intercepting gold mineralisation… When these results are combined with results from Marionete-Star of Ennuin… it is clear to see that our 130km of strike within the Southern Cross greenstone belt has a plethora of opportunities yet to explore”.
Geology Behind the Glitter
At Baby Queen, gold appears in steeply dipping lenticular quartz-carbonate veins within a meta-ultramafic host - geology that’s not uncommon in this part of the Yilgarn but still very much under-explored. The company believes these veins form a north-north-east trending link structure, potentially connecting with the Highclere Shear Zone - a key regional structure that also hosts the 1.5Moz Copperhead deposit to the south.
Lake View, on the other hand, presents lower-grade hits but is interpreted as being part of a broader structural corridor. The geophysics and mineralisation pattern suggest potential that warrants a more refined targeting exercise before future drill testing.
What’s Next?
Golden Horse is far from resting on its laurels. The company is planning a “highly aggressive” RC campaign across its +1,800km² Southern Cross tenure in 2026. Field mapping and sampling are ongoing, with fresh targets being prioritised in the wake of these latest results.
Down south at Hopes Hill, diamond drilling is also ongoing, focused on depth and strike extensions to known high-grade mineralisation. An update on those results is expected once core processing and geological modelling are completed.
The Bigger Picture
Golden Horse’s methodical, data-driven approach to regional exploration is starting to pay off. While it's early days in the broader scheme of resource development, the company is quietly building a compelling narrative: multiple shallow, high-grade hits across a large and highly prospective tenement package.
The gold market may be unpredictable, but there's nothing uncertain about the enthusiasm building around Golden Horse’s 2026 plans. If early success breeds momentum, then the rig crews in the Southern Cross belt might want to keep their summer calendars open.
Note: All gold grades reported are uncut and based on lab assays. Intercepts reported above are downhole intervals and may not represent true widths. Investors should await further modelling and resource updates before drawing conclusions.