Announcement Date: 2022-09-19
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Horizon Gold Ltd.
Project name: Gum Creek
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 24m at 3.69g/t Au from 124m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Horizon Gold Limited (ASX : HRN) (Horizon or Company) is pleased to announce additional shallow high grade 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. All assay results have now been received from initial RC drilling programs at the Hawk, Heron and Shiraz prospects, all located within 15 kilometres of the Gidgee processing plant with direct links to the existing haul road network (Figure 1). The Company completed a total of 42 RC holes for 6,395 metres at the Hawk, Heron and Shiraz prospects during June/July 2022. The drilling has increased the geological confidence, validated the width and grade of historic intercepts, and successfully highlighted extensions to gold mineralisation which remains open along strike and at depth at all three prospects. Hawk Prospect The Hawk Prospect is located only 5km southeast of the historic Gidgee mill and was previously mined by open cut methods. The initial RC program (17 holes for 2,559m) has confirmed and extended shallow gold mineralisation down plunge and down dip beneath and along strike of the Hawk open pit. Numerous significant shallow gold intercepts (>10GxM) were returned including 24m @ 3.7g/t Au from 124m including 11m @ 7.6g/t Au from 125m (HKRC001), 7m @ 6.2g/t Au from 119m including 1m @ 29.9g/t Au from 119m (HKRC008), 7m @ 4.9g/t Au from 139m including 1m @ 30.1g/t Au from 142m (HKRC004), 11m @ 2.2g/t Au from 95m including 6m @ 3.7g/t Au from 98m (HKRC014), 9m @ 2.4g/t Au from 134m including 3m @ 4.7g/t Au
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