Horizon Minerals Drills Encouraging Results at Honeyeater and Black Flag

THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) reported on recent drilling activity from the company’s 100 per cent-owned Binduli and Black Flag project areas located on the outskirts of Kalgoorlie-Boulder in Western Australia.

Horizon Minerals recent work consisted two small RC drilling programs conducted at the Honeyeater prospect at Binduli and at Black Flag near the Paddington area north of Kalgoorlie.

New high-grade mineralisation intercepted at Honeyeater included:

HRC22006
2 metres at 34.85 grams per tonne gold from 74m, including 1m at 68.04g/t gold from 74m; and

HRC22008
2m at 5.34g/t gold from 28m, including 1m at 9.98g/t gold from 28m, 1m at 1.21g/t gold from 38m and 2m at 3.34g/t gold from 44m.

At the Black Flag prospect, 15 kilometres northwest of Honeyeater, new high-grade mineralisation was discovered across a gravity structure, producing results of:

BFAC21013
8m at 2.19g/t gold from 30m, including 5m at 3.03g/t gold from 30m; and

BFAC21026
1m at 0.55g/t gold from 14m and 1m at 2.74g/t gold from 26m.

“The company is very pleased with these excellent drilling results from Honeyeater which have returned some exceptional grades,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.

“The results show the growth potential of the Binduli area progressing into a large mineralised system of multiple deposits, along with the very encouraging results at the early stage Black Flag project.

“We look forward to further drilling programs in these exciting areas in 2023 to follow up extensions and new discovery drilling, with strong resource growth potential leveraging off existing infrastructure in the eastern goldfields area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@horizonminerals.com.au

 

Web: www.horizonminerals.com.au