| Announcement Date: | 2022-02-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Horizon Gold Ltd. |
| Project name: | Gum Creek |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 22m @ 2.1g/t Au from 55m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Horizon Gold Limited (ASX Code: HRN) (Horizon or Company) is pleased to announce additional significant gold results from the recently completed RC drilling at its 100% owned Gum Creek Gold Project located in the Mid-West Region of Western Australia (Figures 1 & 5). All assay results have now been received from initial RC drilling programs at the PSI, Omega North and Specimen Well prospects, located 44 kilometres north of the Gidgee processing plant, with direct links to the existing haul road network. The Company completed a total of 22 RC holes for 2,510 metres at the PSI, Omega North and Specimen Well prospects during October 2021. One diamond core “tail” was completed at Specimen Well (118m), and one diamond core “tail” was completed at Omega North (105.6m). Results for the RC drilling have been received, however the results for the diamond core are still pending. The drilling advanced geological interpretations and confirmed the width and gold grade of historic intercepts at the PSI and Specimen Well prospects. Mineralisation remains open along strike and at depth at PSI and Specimen Well, with the down plunge continuity of gold mineralisation at Omega North yet to be confirmed by diamond core results. PSI and Omega North Prospects The PSI and Omega North prospects are located 44 kilometres north of the old Gidgee mill and have been mined previously by open cut methods. The initial RC program at PSI has confirmed consistent gold grade and widths to primary mineralisation and has extended previously interpreted south plunging gold lodes beneath the PSI |
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