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Golden Horse Terminates Bullfinch Gold Project Sales Agreement

16.05.2024  |  Newsfile

Perth, May 16, 2024 - Following a review and field work by Golden Horse Minerals Ltd. (TSXV: GHML) ("Golden Horse" or the "Company"), the Company has agreed with Torque Metals Limited ("Torque") to terminate its sale and purchase agreement with Torque, which the Company entered into in June 2023 (the "Sale Agreement"). The Sale Agreement was to wholly acquire Torque's Bullfinch Gold project, located 34km from the Southern Cross township within the Yilgarn Mineral Field, Western Australia and adjacent to the Company's existing tenements.[[1]]

The Company continues to assess potential opportunities to enhance its position along the highly prospective greenstone belt.

For and on behalf of the Board

For more information contact:

Graeme Sloan
Chairman / Interim CEO
E: graeme.sloan@goldenhorseminerals.com.au
+61 8 9322 1788

Josh Conner
Chief Operating Officer
E: josh.conner@goldenhorseminerals.com.au
+61 8 9322 1788

Investors
Adam Davey
Canaccord Genuity Financial Limited
Email: ADavey@cgf.com
+61 8 9225 2811

Mason Brown
Canaccord Genuity Financial Limited
Email: mpbrown@cgf.com
+61 8 9225 2862

Media
David Tasker
Chapter One Advisors
Email: dtasker@chapteroneadvisors.com.au
+61 433 112 936

Disclaimer

This release may include forward-looking statements. Such forward-looking statements may include, among other things, statements regarding targets, estimates and assumptions in respect of metal production and prices, operating costs and results, capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. These forward-looking statements are based on management's expectations and beliefs concerning future events. Forward-looking statements inherently involve subjective judgement and analysis and are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of Golden Horse. Such forward‐looking statements are based on numerous assumptions regarding the Golden Horse's present and future business strategies and the political and economic environment in which the Golden Horse will operate in the future, which are not guarantees or predictions of future performance. Actual results and developments may vary materially from those that may be contemplated or implied by forward-looking statements in this release.

Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. All information in respect of Exploration Results and other technical information should be read in conjunction with Competent Person Statements in this release (where applicable). To the maximum extent permitted by law, Golden Horse and any of its related bodies corporate and affiliates and their officers, employees, agents, associates and advisers:

  • disclaim any obligations or undertaking to release any updates or revisions to the information in this release to reflect any events, circumstances or change in expectations or assumptions after the date of this release;
  • do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this release, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and
  • disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence).

[[1]] For further information, please refer to TSXV announcement dated June 26, 2023.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209445


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