- Horizon Gold (HRN) returns high grade results from ongoing reverse circulation drilling at its Gum Creek Gold Project in WA
- All assays have now been received from initial drilling at the Howards Prospect, where 33 reverse circulation holes were completed for 3,174 metres
- Best results included 77 metres at 1.1 grams of gold per tonne (g/t) gold from 64 metres, with gold mineralisation defined over a 1.3 kilometre strike
- Reverse circulation drilling at the Snook prospect is now underway, with drilling at Wahoo, Orion, Specimen Well and Omega/PSI targets to follow
- Company shares closed up 51.9 per cent at 39.5 cents on August 30
Horizon Gold (HRN) has returned high grade results from ongoing reverse circulation drilling at its Gum Creek Gold Project in WA.
All assays have now been received from initial drilling at the Howards Prospect, where a total of 33 reverse circulation holes were completed for 3,174 metres during May and June 2021.
The company aimed to confirm and expand on the previously delineated shallow gold mineralisation associated with the current mineral resource estimate of 5.97 metres at 1.1 grams per tonne (g/t) gold for 204,000 ounces.
Best results from drilling included 77 metres at 1.1 g/t gold from 64 metres, including 31 metres at 1.8 g/t gold from 75 metres. Gold mineralisation at the Howards Prospect remains open to the north, south and at depth and is now defined over a continuous 1.3 kilometre strike.
Managing Director Leigh Ryan said the initial drilling results from Howards had been encouraging.
“With broad, shallow zones of potentially open pittable gold mineralisation defined and still open in all directions, the Howards Prospect has the potential to be the core of a future Gum Creek mining hub,” Mr Ryan said.
“There is confidence the resource will continue to grow and we’re particularly interested in the prospectivity at depth where the Howards Shear Zone intercepts the Montague Granodiorite.”
Meanwhile, reverse circulation drilling at the Snook prospect is now underway, with drilling at Wahoo, Orion, Specimen Well and Omega/PSI targets to follow.
Horizon Gold said the turnaround for assay results had been slow, with results for the Heron South, Kingfisher, Camel Bore, Think Big and Manikato Prospects all still pending.
Horizon said each target had the potential to add significant ounces to the Gum Creek mineral resource estimate.
Company shares closed up 51.9 per cent at 39.5 cents on August 30.