- Horizon Minerals (HRZ) reports “excellent” drilling results from the Pinner gold prospect within the Greater Boorara-Cannon gold project area in WA
- The company underwent its first phase of exploration drilling, which comprised 35 reverse circulation holes to validate historical drilling results
- Assays from the drilling included one metre at 35.39 g/t gold from 36 metres, which Horizon says shows the potential of the area to deliver significant resource growth
- The company has begun planning a phase two follow-up program at Pinner, which is due to launch in the December quarter
- Horizon Minerals shares have dipped 1.37 per cent to 7.2 cents at 1:33 pm AEST
Horizon Minerals (HRZ) has returned “excellent” drilling results from the Pinner gold prospect within the Greater Boorara- Cannon gold project area in WA’s goldfields.
The company underwent a first phase of exploration drilling, which comprised 35 reverse circulation holes for 1181 metres of infilling, to validate historical drill results on the south edge of the Cannon open cut mine.
Assays from the drilling included six metres at 6.94 grams per tonne (g/t) gold from 35 metres, including one metre at 35.39 g/t gold from 36 metres.
The mineralisation has now been defined along 110 metres of strike length and remains open to the south and at depth.
Horizon Managing Director Jon Price said these drilling results from Pinner clearly demonstrate the potential of the area to deliver significant resource growth near the advanced Cannon underground gold project.
“We now look forward to the results of the next round of drilling and resource modelling to complement our existing resource base in the area supporting both an open pit and underground production hub for future cash generation.”
The company has begun planning a phase two follow-up program at Pinner, which is due to launch in the December quarter.
Horizon Minerals dipped 1.37 per cent, trading at 7.2 cents at 1:33 pm AEST.