Announcement Date: 2022-10-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Horizon Minerals Ltd.
Project name: Cannon
Location: Australia
Commodities: Palladium,Platinum,Copper,Nickel,Cobalt
Highlight: Drilling results incl. 2m at 2.21% Ni, 0.08% Cu, 324.00ppm Co, 0.2g/t Pt, 0.56g/t Pd from 161m
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 nickel drilling results and exploration update from the 100% owned Cannon, Golden Ridge and Yarmany project areas located near Kalgoorlie-Boulder in the heart of the Western Australian goldfields (Figure 1). The drilling formed part of the current CY22 program focussing on new discoveries across the 1,100km2 portfolio. During 2021, an air core program tested the Golden Ridge area to the west and to the south of the open cut mine where highly magnetic ultramafics were known to exist. The drilling highlighted anomalous levels of Ni-Co-Cu within the regolith profile. This was the target for the follow up 2022 Golden Ridge exploration program. These 2 prospects were recently drill tested to validate the historical work and familiarise the Kalgoorlie team with the geology and structure. At Yarmany, follow up deep drilling beneath the nickel laterites delineated in the 2021 air core program was completed along with a regional ‘new discovery’ auger program that aimed at ‘opening up’ underexplored areas and conceptual targets. Project Geology The Cannon deposit occurs within Horizon’s Bulong South gold project located 30km east-southeast of Kalgoorlie in the Eastern Goldfields region of Western Australia, on granted mining lease ML25/333.
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