THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) reported Reverse Circulation and diamond drilling results from the company’s 100 per cent-owned Kalpini gold project area, located 50 kilometres northeast of Boorara in the Western Australian goldfields.
Drilling undertaken by Horizon in 2021 totalled 49 RC holes and 3 diamond holes to a maximum depth of 240m infilling for improved confidence and testing extensions.
Results including composite assays include:
12 metres at 5.57 grams per tonne gold from 203m, including 2m at 12.92g/t Au from 211m;
5m at 10.21g/t gold from 70m including 1m at 28.83g/t gold from 72m;
7m at 6.01g/t gold from 91m including 1m at 22.04g/t gold from 93m;
1m at 41.53g/t gold from 195m;
6m at 4.45g/t gold from 90m including 1m at 10.24g/t gold from 92m;
1.5m at 20.74g/t gold from 99.5m including 0.5m at 54.25g/t gold from 99.5m; and
5m at 3.97g/t gold from 3m including 1m at 11.04g/t gold from 6m.
“The first drilling program we have completed has delivered excellent results confirming the potential for further open pit stages and significant upside at depth for potential underground development,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.
“We now look forward to completing the updated MRE and advancing the project as part of the consolidated Feasibility Study.”
Horizon indicated it is now compiling all the drilling data to generate an updated JORC 2012-compliant Mineral Resource estimate with completion expected early in the December Quarter 2021.
Kalpini joins Boorara, Binduli, Cannon, Rose Hill and Teal as core projects Horizon has under assessment as part of the consolidated Feasibility Study.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE