Horizon Gold Updates Gum Creek Minerals Resource Estimate
THE DRILL SERGEANT: Horizon Gold (ASX: HRN) reported an updated Mineral Resource Estimate (MRE) for the Swan and Swift deposits located within the company’s 100 per cent-owned Gum Creek gold project, located in the Murchison Region of Western Australia.
The updated MRE for the Swan and Swift open cut deposits now stands at:
4.16 million tonnes at 2.41 grams per tonne gold for 323,000 ounces contained gold.
The MRE for the Swan and Swift underground deposits is:
0.7 million tonnes at 6.71g/t gold for 150,000 ounces contained gold.
The revised Total Mineral Resource for the Gum Creek project is:
18.59 million tonnes at 2.28g/t gold for 1.36 million ounces contained gold.
Horizon Gold explained the updated MRE represents a 26 per cent increase in global Indicated resources and a less than 2 per cent decrease in contained gold (26,900oz) when compared with Mineral Resources the company reported in July 2019.
Email: info@horizongold.com.au