Horizon Minerals Encounters High-Grade Gold at Monument Gold Project
THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) reported new gold drilling results from the company’s 100 per cent-owned Greater Boorara – Cannon project area located just outside Kalgoorlie – Boulder in Western Australia.
Horizon Minerals explained the drilling is part of its current FY23 exploration program that is focussing on new discoveries within the Greater Boorara – Cannon, Lakewood and Yarmany project areas.
The company considers the Cannon to be highly prospective with several historic prospects sitting within a one kilometre radius of the open cut mine.
Two of the more advanced prospects, Monument and Homerton, were recently drilled to both validate historic drilling and test for potential strike and depth extensions.
Drilling at Monument encountered new high-grade mineralisation with results including:
CARC22024
4m at 4.63 grams per tonne gold from 68m and 4m at 7.76g/t gold from 80m;
CARC22004
7m at 2.4g/t gold from 59m;
CARC22022
5m at 4.09g/t gold from 99m, including 1m at 16.13g/t gold from 99m; and
CARC22005
4m at 3.78g/t gold from 44m.
At the Homerton prospect midway between Cannon and Monument, four holes were drilled in a new line to test the interpreted southwest trend.
Results included:
CARC22011
3m at 0.99g/t gold from 50m;
CARC22013
9m at 1.94g/t gold from 75m; and
CARC22014
4m at 1.02g/t gold from 104m.
“These excellent drilling results at Monument and Homerton clearly demonstrate the potential of the area to deliver significant resource growth in close proximity to the advanced Cannon underground gold project,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.
“We now look forward to the results of the next round of drilling and resource modelling to complement our existing resource base in the area supporting both an open pit and underground production hub as part of our contract mining – toll milling model for cash generation.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@horizonminerals.com.au
Web: www.horizonminerals.com.au
