Golden Horse Minerals (TSXV: GHML) has received "highly encouraging" results from recent lithium exploration activity at the Southern Cross North project, located in Western Australia.
The results included lithium soil geochemistry at the Ennuin North prospect, a review of geophysical data with a focus on lithium potential and a review of historic drill core from the Trough Well prospect at the Southern Cross North project.
The soils form part of a largely untested lithium corridor extending over 37km from its Radio North project to Ennuin North.
The soil geochemistry also produced significant gold anomalism (peak assay 724 ppb Au) at the Scorpio prospect at Ennuin North. A review of historic core from Trough Well (8km south of Ennuin North), confirms fractionated pegmatites.
Meanwhile, a review of existing geophysical data identified multiple new lithium target areas requiring field validation. Infill soil sampling will commence shortly to better define future drill targets.
“When coupled with our previous announcement in mid-March, the Ennuin North results clearly demonstrate the lithium potential of the entire northern portion of our land package," Chairman and Interim CEO, Graeme Sloan, said.
"Lithium anomalism has now been identified in multiple locations over a 37km distance. The success in identifying lithium anomalism at each of our first three targets within the large Southern Cross greenstone belt which has had very little lithium exploration, reinforces our belief that the area is fertile for many more potential targets. This is further validated by a review of the geophysical data which reinforces the untested potential of the area.
“Our exploration team is focused on rapidly assessing and identifying all the priority targets over the large land holding, with drill testing anticipated later in 2024."
