Horizon Minerals Completes Serious Goldfields Drill Campaign

THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) has had the drill rigs turning and producing new gold drilling results from the company’s Greater Boorara – Cannon and Binduli project areas located close to Kalgoorlie-Boulder in Western Australia.

Horizon Minerals carried out several Reverse Circulation (RC) and Air Core (AC) drill programs focussing on new discoveries at the Cannon, Kestrel and Kanowna South prospects with infill resource drilling completed at Penny’s Find.

Two deep RC holes targeted the Northern Domain lode at Penny’s Find and returned the following results:

PFRC23012A
5 metres at 2.97 grams per tonne gold from 370m; and

PFRC23011
2m at 1.27g/t gold from 305m.

The company progressed the Kanowna South prospect with further encouraging gold results highlighted by recent drilling.

AC drilling at the new Falcon Prospect 500m northwest of the Kestrel prospect in the Binduli North camp consisted of five AC holes for 219m, producing results of:

FCAC23002
1m at 0.8g/t gold from 25m and 1m at 10.09g/t gold from 29m; and

FCAC23003
2m at 1.4g/t gold from 24m.

“Although early days, our Kanowna South gold prospect is starting to take shape, and discovering a strong sulphide link in some of the mineralisation could be a major turning point in our understanding of this prospect,” Horizon Minerals CEO Grant Haywood said in the company’s ASX announcement.

“We are also looking forward to further work on the conductor at Cannon, which lies immediately north and along strike of the proposed Cannon underground.

“In addition, follow up work at the Penny’s Find gold project shall allow us to provide an updated Mineral Resource Estimate in the current December quarter, and carry out mine design and financial analysis for a maiden Ore Reserve in the first half of 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE