Announcement Date: 2022-08-16
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Horizon Minerals Ltd.
Project name: Boorara
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 5m @ 4.09g/t Au from 99m
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 drilling results from the 100% owned Greater Boorara – Cannon project area located 30km southeast of Kalgoorlie – Boulder in the heart of the Western Australian goldfields (Figure 1). The drilling forms part of the current FY23 exploration program focussing on new discoveries within the Greater Boorara – Cannon, Lakewood and Yarmany project areas. The Cannon area appears to be highly prospective with several historic prospects located within a 1km radius of the open cut mine. Two of the more advanced prospects, Monument and Homerton, were recently drilled to both validate historic drilling and test for potential strike and depth extensions. The Cannon deposit (Figure 2) is located 30km east-southeast of Kalgoorlie in the Eastern Goldfields region of Western Australia on granted mining leases ML25/333 and ML25/357. The Cannon mine and surrounding area is dominated by mafic to ultramafic rocks of the Bulong Complex overlain by a sequence of felsic volcanics, volcanoclastics and sediments. Lithologies presented include komatiitic mafics and ultramafics, peridotites
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