| Announcement Date: | 2022-03-15 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Horizon Minerals Ltd. |
| Project name: | Golden Ridge |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 2m @ 26.11g/t Au from 69m |
| 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 gold and nickel 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 formed 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 was to organically grow the project pipeline within a 75km radius of Kalgoorlie. The Company currently has one RC rig drilling at Golden Ridge. The 2021 stage 2 Golden Ridge RC program was completed to generate an initial resource and test extensions to the north of the historic open pit. An Air Core program drill tested Golden Ridge to the south where new gold mineralisation was discovered. Recent multi-element work has highlighted anomalous levels of Ni-Co-Cu within a weathered ultramafic system. 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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