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The latest update is out from Mount Hope Mining Ltd. ( (AU:MHM) ).
Mount Hope Mining reported that cyanide leach assays of 234 archived samples from its Mt Solitary Prospect achieved an average of 88% gold solubility relative to traditional fire assay results. The strong Pearson correlation and consistent performance across oxidised, transitional and fresh rock down to 140m indicate the gold system is broadly amenable to cyanide processing rather than just near-surface effects.
Management described the metallurgical outcome as a key early milestone that underpins confidence in the project’s potential recoverability and supports the prospect’s continued advancement toward a maiden JORC resource. The company plans bottle-roll and column-leach test work as the next step, with the favourable location in an established mining district enhancing the strategic appeal of Mt Solitary for future development and potential scoping studies.
More about Mount Hope Mining Ltd.
Mount Hope Mining Ltd. is an Australian gold exploration company focused on advancing its 100%-owned Mt Solitary Prospect in the southern Cobar Basin of New South Wales. The project is located near existing mining operations and processing infrastructure, with bitumen road access and nearby power, positioning the company to potentially leverage regional infrastructure as it progresses toward resource development.
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Technical Sentiment Signal: Sell
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