THE DRILL SERGEANT: Horizon Minerals (ASX: HRZ) released an updated Mineral Resource Estimate (MRE) for the company’s Kalpini gold project, northeast of Kalgoorlie-Boulder in Western Australia.
Horizon Minerals explained Kalpini to be one of six core open pit and underground satellite gold projects being advanced to complement the company’s baseload Boorara gold project as part of a consolidated Feasibility Study to deliver a minimum five-year initial mine plan and underpin the establishment of a stand-alone centralised processing facility at the Boorara mine site.
The updated Mineral Resource Estimate (after depletion) now stands at 1.87 million tonnes at 2.33 grams per tonne gold for 139,000 ounces at a 0.8g/t gold lower cut-off grade and follows infill, extension and validation drilling completed at the Kalpini gold project that demonstrated both open pit and underground potential with width and grade continuity and mineralisation open along strike and at depth.
“Kalpini was acquired late in 2020 for $2.75 million and it is very encouraging to see excellent drilling results enabling an improved JORC 2012 Mineral Resource estimate with significant open pit and underground growth potential,” Horizon Minerals managing director Jon Price said in the company’s ASX announcement.
“We now look forward to completing the mine optimisation and design studies for Ore Reserve generation as part of the consolidated Feasibility Study.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE