- With all necessary approvals in place, Horizon Minerals (HRZ) has begun mining at the Boorara Stage 1 gold mine in Western Australia
- Local company Hampton Transport Services will undertake the work after being awarded mining and haulage contracts
- Site establishment and fleet mobilisation is now complete and open cut mining is underway in the Regal East pit deposit
- Once six metres of waste has been removed from Regal East, ore mining will begin to minimise dilution and maximise recovery
- Ore from Regal East will then be treated at Golden Mile Milling’s Lakewood processing plant and first gold is expected in July
- Horizon has ended the day down a slight 1.18 per cent with shares trading for 8.4 cents each
With all necessary approvals in place, Horizon Minerals (HRZ) has begun mining at the Boorara Stage 1 gold mine in Western Australia.
Boorara is located 10 kilometres east of Kalgoorlie’s Super Pit gold mine and contains over 1.5 kilometres of gold mineralisation.
It is divided into three project deposit areas, Royal in the south, Crown Jewel in the centre, and Regal in the north.
The project has a JORC 2012 mineral resource estimate of 16.45 million tonnes at 0.96g/t gold for 507,000 ounces.
Local company Hampton Transport Services will undertake the work after being awarded mining and haulage contracts.
Site establishment and fleet mobilisation is now complete and open cut mining is underway in the Regal East pit.
Due to COVID-19 and the travel restrictions that are in place, all staff will be inhabitants from the city of Kalgoorlie-Boulder and will observe strict safety guidelines to minimise risk to themselves, their families, and the community.
Once six metres of waste has been removed from Regal East, ore mining will begin to minimise dilution and maximise recovery.
First ore from Regal East is expected this month, while Regal West and Crown Jewel will be developed simultaneously to enable optimal mining and drill and blast activities.
Ore from Regal East will then be treated at Golden Mile Milling’s Lakewood processing plant. First gold is expected in July.
“The commencement of mining at Boorara is a significant milestone for the company enabling gold production and cash generation in 2020 at a time of record high Australian gold prices,” Managing Director Jon Price stated.
“We are all now fully focussed on safe and efficient mining operations at Boorara, generating cash to self-fund the resource growth drilling program and the completion of the larger scale and longer term production profile as part of the consolidated feasibility study,” he said.
Horizon has ended the day down a slight 1.18 per cent with shares trading for 8.4 cents each in a $38.5 million market cap.