Horizon Minerals Encounters High-Grade Gold at Kestrel Prospect

THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) greeted the day one crowd of the annual Diggers & Dealers forum in Kalgoorlie by announcing drilling results from the company’s 100 per cent-owned Kestrel discovery.

Kestrel is part of Horizon Minerals’ Binduli gold project area, located 13 kilometres northwest of Kalgoorlie – Boulder in the heart of the Western Australian goldfields.

The recent drilling was part of Horizon’s CY21 program testing high priority project generation and new discovery targets across the company’s landholding portfolio.

The drilling program comprised 15 RC holes at the emerging Kestrel prospect with assay results pending for 8 holes, including repeat assays due to high levels of nuggety gold panned from samples.

Thick zones of shallow and high-grade gold mineralisation were intercepted with one-metre split assay results received to date including:

18 metres at 4.64 grams per tonne gold from 49m, including 1m at 56.65g/t gold from 64m and 5m at 5.22g/t gold from 94m, including 1m at 18.91g/t gold from 97m; and

15m at 4.66g/t gold from 84m, including both 1m at 21.69g/t gold from 84m and 1m at 18.5g/t gold from 98m.

“These initial drilling results at Kestrel are stunning,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.

“With high-grade and near surface mineralisation open along strike and relatively untested at depth, we are eager to commence a dedicated 10,000 metres RC and diamond program in the current September Quarter.

“The drilling program will comprise step out and depth extension drilling to 250 metres depth at Kestrel and will test a number of additional high priority targets along the 10 kilometres Janet Ivy shear.

“Binduli already hosts the advanced Crake and Coote projects, seven kilometres to the south and we see potential for this emerging gold field, which is only 13 kilometres northwest of Kalgoorlie, to grow in scale and become a significant contributor to the longer-term production profile.

“Further drilling results are pending for eight holes, and we are excited to commence the 10,000 metres large-scale follow up drilling program.”




Email: info@horizonminerals.com.au


Web: www.horizonminerals.com.au