Business · Energy & Commodities · 8 hrs ago
Mount Hope Mining finds more deep gold at Mt Solitary
Mount Hope Mining found gold deeper at Mt Solitary in its Phase 3 drilling in the southern Cobar Basin of New South Wales.
The strongest result was six metres grading 6.8 grams of gold per tonne, with the hole ending in mineralisation.
The company says significant gold has now been found about 280 metres below the surface across two sections roughly 120 metres apart.
The gold system remains open at depth and to the northeast, meaning the drilling has not yet defined its full extent.
Mt Solitary is Mount Hope Mining’s wholly owned flagship prospect within its landholding of about 626 square kilometres.
The company plans to start Phase 4 diamond drilling shortly to test deeper targets and extend selected earlier holes.
The core will also help provide geological, geotechnical and metallurgical information for a planned first resource estimate.
Mount Hope Mining says Phase 3 drilling has extended gold mineralisation deeper at its Mt Solitary prospect in New South Wales.
The strongest new result was 6 metres at 6.8 grams per tonne of gold, with the hole ending in mineralisation.
The company said significant gold now extends about 280 metres below surface across two sections about 120 metres apart.
Phase 4 diamond drilling is due to start shortly to test deeper positions and gather information for a planned maiden resource estimate.
- Who
- Mount Hope Mining, which owns the Mt Solitary prospect.
- What
- Phase 3 drilling intersected gold deeper than previously defined at Mt Solitary. The company plans follow-up diamond drilling.
- When
- The results were reported on November 10, 2026. Phase 4 drilling is due to start shortly.
- Where
- The Mt Solitary prospect in the southern Cobar Basin, New South Wales.
- Why
- To extend and test the gold mineralisation at depth and gather information for a planned maiden resource estimate.
This story does not have two clearly opposing sides.
Mount Hope Mining completed ten reverse circulation holes totalling 2,919 metres.
Drilling intersected gold deeper than the previously defined mineralisation at Mt Solitary.
Phase 4 diamond drilling is due to start to test deeper positions and extend selected Phase 3 holes.
- Strongest new hit
- 6 metres at 6.8 grams per tonne of gold
- Hole 26MSRC031
- Mineralisation from 268 metres to the end of the hole
- Phase 3 drilling
- 10 reverse circulation holes totalling 2,919 metres
- Depth and spread
- About 280 metres below surface across two sections about 120 metres apart
- Landholding
- About 626 square kilometres in the southern Cobar Basin
What people are saying
Phase 3 has delivered exactly what we set out to achieve. We stepped down dip on the northern and central sections of Mt Solitary and intersected thick, high-grade gold below the previously defined extent of mineralisation.
On the central section, three drill holes extended mineralisation more than 100m down dip, and we now have significant gold approximately 280m below surface across approximately 120m of strike, with the system remaining open.