- Horizon Gold (HRN) encounters further wide and high-grade gold intercepts at its Gum Creek gold project in Western Australia
- All results have now been received from reverse circulation (RC) drilling completed at the Heron South, Heron, Hyperno and Deep South prospects
- The company struck up to 35.2 g/t gold, with the results highlighting the potential to define further gold mineralisation along-strike and at-depth at all four prospects
- Additionally, metallurgical sighter testwork has begun, and metallurgical sampling and density determinations are continuing in preparation for the upcoming MREs
- Horizon shares last traded at 33 cents
Horizon Gold (HRN) has encountered further wide and high-grade gold intercepts at its Gum Creek gold project in Western Australia.
All results have now been received from reverse circulation (RC) drilling completed at the Heron South, Heron, Hyperno and Deep South prospects.
All up, the company drilled 60 RC holes for 5461 metres across the four prospects in July and August, with the work validating the width and grade of historical intercepts at Hyperno.
Heron South
Nine holes were drilled at the Heron South Prospect with work, extending and confirming the interpreted high-grade gold shoots beneath the open pit.
Better results include seven metres at 3.1 g/t gold from 35 metres including one metre at 19.2 g/t gold from 35 metres, as well as eight metres at 5.2 g/t gold from 178 metres including two metres at 13.9 g/t gold from 179 metres.
With further drilling, Horizon believes there is potential to extend the known gold mineralisation down-dip, down-plunge and along-strike.
Heron
Results have been received from a further four holes drilled at Heron, confirming broad shallow supergene mineralisation and down-dip extensions to primary gold mineralisation.
Results include 23 metres at 1.9 g/t gold from 100 metres including 12 metres at 3.3 g/t gold from 100 metres and 15 metres at 0.9 g/t gold from 120 metres including six metres at 1.6 g/t gold from 127 metres.
Further drilling is needed at depth and along strike to the north and south of Heron, though Horizon plans to release a maiden mineral estimate (MRE) for the area prior to this.
Hyperno
Horizon drilled 36 RC holes at Hyperno for 2468 metres, with the work confirming the width and grades of the gold mineralisation.
Significant results include eight metres at 10.1 g/t gold from 33 metres including two metres at 35.2 g/t gold from 35 metres.
Further drilling will be undertaken at depth and along strike to the north and south.
Deep South
Eleven RC holes were drilled at the Deep South prospect with results highlighting the potential for an open-pittable resource.
Results include three metres at 6.8 g/t gold from 48 metres including one metre at 18.4 g/t gold from 48 metres.
“The continued impressive gold intercepts received from Heron South and Heron, and confirmatory gold mineralisation received from the Hyperno and Deep South RC programs are very positive and highlight the potential for significant gold resources beneath shallow alluvial cover along the entire seven-kilometre strike length from Heron through to the Manikato Prospect,” Horizon Managing Director Leigh Ryan commented.
Results are pending for a further 11 prospects and are expected to be reported on in due course.
Additionally, metallurgical sighter testwork has begun and metallurgical sampling and density determinations are continuing in preparation for the upcoming MREs.
Horizon shares last traded at 33 cents.