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Black Horse Mining Limited (ASX:BHL)

ALERT: Price-sensitive ASX Announcement for BHL
Current share price for BHL : $0.180 -0.045 (-20%)+
Announcement
Release
24 Mar 2026 8:17AM
Price at Release
$0.225
Full Release
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Summary
Black Horse Mining Limited has announced further high-grade gold findings at the Mt Egerton Gold Project. A significant discovery was made in drill hole 26MEDD004, revealing a 4.4m mineralised zone with gold assays reaching up to 46.2g/t. This finding is crucial as it extends the previously identified high-grade zone by approximately 10 meters vertically, suggesting the presence of additional unmined gold lodes at shallow depths. The company is preparing for a targeted drilling campaign to further explore these zones, which could significantly enhance their understanding and estimation of the resource potential at the site. The drilling results so far support the geological model that suggests structurally controlled mineralisation in quartz reef systems, characteristic of the Victorian goldfields.
Key Points
  • High-grade gold intersected at Mt Egerton Gold Project by Black Horse Mining Ltd.
  • Drill hole 26MEDD004 shows 4.4m mineralised zone with assays up to 46.2g/t Au.
  • New zone extends known high-grade gold approximately 10m vertically.
  • Preparation for further drilling to explore extent and continuity of high-grade zones.
  • Mineralisation is structurally controlled in quartz reef systems, similar to Victorian goldfields.
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.