Announcement Date: 2021-12-07
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Horizon Minerals Ltd.
Project name: Boorara
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4m @ 46.7g/t Au from 80m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) is pleased to announce new drilling results from the 100% owned Golden Ridge gold project area located 18km southeast of Kalgoorlie – Boulder in the heart of the Western Australian goldfields (Figure 1). The drilling forms part of the 50,000m CY21 program testing high priority resource definition and new discovery targets across the 1,100km2 portfolio. The aim of the program is to organically grow the project pipeline within a 75km radius of Kalgoorlie. The Company currently has four rigs in operation at Yarmany, Black Flag, Kestrel and Golden Ridge South with multiple high priority targets being tested including gold, nickel, silver, zinc and pegmatites. The recent stage 2 Golden Ridge RC program was completed to generate an initial inferred resource on 40m spacings and test extensions to the north of the historic open pit. The Air Core program tested new discovery targets to the south of Golden Ridge. Project Geology Gold mineralisation at Golden Ridge is largely associated with the north-south trending, sub vertical quartz-feldspar porphyry located between shales and cherts to the west and ultramafic (talccarbonate) sequences to the east. Mineralisation is similar to Boorara where gold is observed in flat lying vein arrays and thicker, steeper dipping contact style lodes.
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