| Announcement Date: | 2023-03-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Horizon Gold Ltd. |
| Project name: | Gum Creek |
| Location: | Australia |
| Commodities: | Silver,Copper,Zinc |
| Highlight: | Drilling results incl. 154m at 0.51% Zn, 0.10% Cu, 1.14g/t Ag from 168m |
| 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 a maiden Mineral Resource Estimate (MRE) for the Altair Zinc-Copper-Silver deposit located 24 kilometres to the north-northwest of the Gidgee Mill with direct links to the existing haul road and the MeekatharraYeelirrie Road. The MRE is reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012 edition). The Altair MRE is reported using a Zn equivalent (ZnEq%) cut-off grade (Table A). The MRE is 7.0 Mt @ 1.8% Zn, 0.5% Cu, 5.0g/t Ag (2.9% ZnEq) at a 2.0% ZnEq cut-off for 200,000 ZnEq tonnes (130,000t Zn, 30,000t Cu, 1.1Moz Ag). The Altair deposit location is displayed in Figure 1, with plans, sections and 3D diagrams presented in Figures 2 to 9. Final assay results from initial RC and follow-up diamond drilling at Altair have been received and have been incorporated into the Altair MRE. The most significant drill intercepts include 8m @ 3.0% Zn, 0.5% Cu, 7.6g/t Ag from 224m (ALRC009D). Final assay results from initial RC drilling at the Mensa Base Metal Prospect, located 28 kilometres to the north-northwest of the Gidgee Mill, have also been received returning a best result of 35m @ 0.3% Zn, 0.1% Cu, 1.1g/t Ag from 261m (MERC002). The host rocks and VMS style of mineralisation at Mensa are similar to that observed at Altair. |
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