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Horizon Gold Drills Encouragement at Gum Creek Gold Project Targets

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THE DRILL SERGEANT: Horizon Gold (ASX: HRN) has had the RC drilling rigs spinning, producing encouraging results at the company’s 100 per cent-owned Gum Creek gold project located in the Mid-West Region of Western Australia.

Horizon Gold reported assay results from recent RC drilling carried out at the Swift, Swan and Eagle target areas.

Swift Trend

15 metres at 4 grams per tonne gold from 145m
11m at 3.5g/t gold from 114m
6m at 2.6g/t gold from 134m

Horizon Gold intimated the Swift Trend drilling confirmed the locations of interpreted high-grade plunging gold shoots, and the presence of broad zones of potentially open pit gold mineralisation in the Swift resource area.

Swan Trend

6m at 5.4g/t gold from 115m
8m at 3.7g/t gold from 40m
12m at 1.6g/t gold from 79m
13m at 1.3g/t gold from 112m

Shallow mineralisation encountered by the recent drilling is not part of the current Swan MRE. Infill and extension resource drilling is being planned.

Eagle Prospect

7m at 5.5g/t gold from 169m
4m at 3.3g/t gold from 173m

The results confirm plunging gold shoots the company had previously interpreted while highlighting potential for high gold grades at depth.

Horizon has subsequently completed initial infill and extension RC drilling at the Kingston Town and Howards prospects and has commenced further drilling at the Manikato prospect.

Results from these prospects are pending.

Programs of Work have been approved or lodged for infill and extension drilling for further targets, and program design has commenced for RC drilling at others.

Horizon Gold considers all target areas have the potential to quickly add meaningful ounces to the Gum Creek MRE.

“This is an exciting time for Horizon Gold, and we’re highly encouraged by the early infill and extensional drilling results from the Eagle, Swan and Swift areas,” Horizon Gold managing director Leigh Ryan said in the company’s ASX announcement.

“Drilling is continuing to test the numerous high priority mineralised targets delineated during the comprehensive Geological Review announced in February, and once this work is completed, we look forward to delivering an updated Mineral Resource Estimate for the Gum Creek gold project.”

 

 

 

Email: info@horizongold.com.au

 

Web: www.horizongold.com.au

 

 

Horizon Gold Updates Gum Creek Minerals Resource Estimate

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THE DRILL SERGEANT: Horizon Gold (ASX: HRN) reported an updated Mineral Resource Estimate (MRE) for the Swan and Swift deposits located within the company’s 100 per cent-owned Gum Creek gold project, located in the Murchison Region of Western Australia.

The updated MRE for the Swan and Swift open cut deposits now stands at:

4.16 million tonnes at 2.41 grams per tonne gold for 323,000 ounces contained gold.

The MRE for the Swan and Swift underground deposits is:

0.7 million tonnes at 6.71g/t gold for 150,000 ounces contained gold.

The revised Total Mineral Resource for the Gum Creek project is:

18.59 million tonnes at 2.28g/t gold for 1.36 million ounces contained gold.

Horizon Gold explained the updated MRE represents a 26 per cent increase in global Indicated resources and a less than 2 per cent decrease in contained gold (26,900oz) when compared with Mineral Resources the company reported in July 2019.

 

 

 

Email: info@horizongold.com.au

 

Web: www.horizongold.com.au