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Black Horse Mining Limited (ASX:BHL)

ALERT: Price-sensitive ASX Announcement for BHL
Current share price for BHL : $0.210 -0.185 (-46.84%)+
Announcement
Release
11 Mar 2026 8:22AM
Price at Release
$0.395
Full Release
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Summary
Black Horse Mining Limited has announced promising results from its exploration activities at the Mt Egerton Gold Project in Australia. The results from the initial phase of diamond drilling have confirmed high-grade, near-surface gold mineralization, which aligns with historical data and enhances confidence in the structural and geological model of the project. Key findings include the successful intersection of target zones, which are indicative of historic high-grade mining, and the identification of mineralized spur vein zones. The company plans further drilling to explore deeper targets and expand on these findings, underscoring the project's potential for significant exploration upside.
Key Points
  • Black Horse Mining Limited (BHL) has conducted exploration at the Mt Egerton Gold Project, confirming high-grade gold mineralization.
  • The drilling program included diamond drilling and surface channel sampling, with reported high-grade gold intersections.
  • Drilling results confirmed the location of historical high-grade mining activity and identified mineralized spur vein zones.
  • The company plans to undertake deeper drilling in future phases to explore unmined portions and extensions of known mineralization.
  • The exploration activities have been carried out considering historical data and using modern geophysical surveys to enhance understanding of the area.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.