Mount Hope Mining Limited (ASX: “MHM” or the “company”) is delighted to announce that his first drill program started during the 100%owner MT HOPE project in New South Wales (Figure 1).
Highlights:
- The inaugural drilling program consists of ~ 4,800 m reverse circulation (“RC”) and air core (“AC”) drill over four priority goals.
- The drilling campaign includes good -to -use and extensional drilling at MT Solitary, with an exploration target range from 1.32 to 1.87 mt from 1.0 to 1.35 g/t au for 42.5 to 81.4 KOZ (Table 1).
- Het nieuwe vooruitzicht op Blue Heeler, met samenvallende MLTEM-geleiders, bevindt zich ongeveer 200 meter ten westen van historisch boorgat GCS-1, inclusief een historisch onderschepping van 31 m @ 0,42% Zn, 0,26% PB, 117 ppm Cu en 4,8 ppm Ag van 56 m van 56 m van 56 m van 56 m van 56 m van 56 m van 56 m
- The MT Hope East and Black Hill – Forecast, which organize together geochemical and geophysical anomalies, have never been tested by drilling.
The inaugural drilling campaign tests four priority goals for a total of ~ 4,800 m reverse circulation (RC) and air core (AC) drill” Including the recently added Blue Heeler -target (See ASX announcement, July 15, 2025 and 22 August 2025).
Mount Hope Mining Mining Director & CEO Fergus Karey noted:
“Mount Hope Mining is enthusiastic to start his first exercise program with the MT Hope Project – an important milestone in our journey to unlocking the potential of the southern Cobar basin.
“Every priority perspective represents a goal of high conviction, supported by high -quality geological science, and we look further from these areas.
“We believe that these four priority areas offer a good opportunity to create shareholder value through real Greenfield Exploration Success or by defending valuable ounces for future development.
“We look forward to keeping shareholders with a strong news flow during the rest of Q3 and in Q4 with the results of the exploration drilling, together with the metallurgical test work for MT Solitary and with our other exploration programs at an early stage.”
Figure 1: RC drilling installation starts with drilling the MT Solitaire program
MT Solitaire reconnaissance objective
Table 1: MT Solitaire reconnaissance objective2
The potential quantity and degree of the exploration goal are conceptual in nature. As such, there has been insufficient exploration to estimate a mineral source, and it is uncertain whether further exploration will result in a mineral source. The exploration goal was drawn up by the Jorc code 2012.
Maiden -Boor campaign on the Mount Hope project
The inaugural MT Hope Maiden Drill program started drilling, starting with the MT Solitaire Prospect to convert the existing Gold Exploration goal (Table 1) into a Jorc (2012) Mineral Resource Estimation (MRE).
The initial phase 1 RC program at MT Solitary consists of ~ 1500 m (Figure 2). The drilling installation will then mobilize to test the Greenfield -polymetallic border seats on Blue Heeler and Black Hill before the program at MT Hope East is completed.
The company has called in Laboratories in Orange, NSW, for analytical work. Samples of the Maiden -drill campaign are sent to Orange during the program, whereby the analysis of the sample preparation must be completed in the same facility.
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