HIGHLIGHTS
- Fully funded 50,000m exploration program now underway with four rigs drilling across the 890km2 asset portfolio, all operating within 75km of the proposed
- The primary objectives of the 2021 exploration program are to:
1. Test high priority new discovery targets defined at greenfields project areas including Windanya, Lakewood, Yarmany, Binduli, Kanowna South and Balagundi (~29,000m)
2. Complete resource definition drilling for maiden Mineral Resource estimates at Coote,
3. Extend resources beyond current mineralised envelopes along strike and at depth at Boorara, Crake,
4. Complete resource definition and extension drilling at the newly acquired Kalpini gold project and the Penny's Find underground JV project (~4,500m)
- The 2021 program builds on over 21,000m of drilling completed since
- Significant potential to increase the production profile through organic growth from 100% owned project areas on major geological structures within a world class greenstone belt
- First assay results expected in the current
- Updated Mineral Resource estimates expected in the March and June quarters 2021 expanding on the Company's current Mineral Resources of 1.1Moz
Commenting on the 2021 drilling program, Horizon Managing Director Mr
"With the reserve drilling to support the consolidated Feasibility Study mostly complete, we are turning our attention to the new discovery exploration program with multiple high priority targets to be tested across the entire tenement portfolio and all within 75km of Boorara."
"The fully funded program will test areas that have had limited to no drilling undertaken in recent times, particularly below cover where historic shallow drilling has never been followed up. It is an extremely exciting time to be a Horizon shareholder as we look to uncover the next new discovery with significant potential to grow our production pipeline in this world class gold producing region."
"Always look for gold near where gold has been found before and we believe there is no better address than the Goldfields of
The fully funded program totals over 50,000m of planned drilling within a
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/P0XO9LQ4
About
Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.
Horizon has a number of joint ventures in place across multiple commodities and regions of
Contact:
Managing Director
T: +61 8 9386 9534
E: jon.price@horizonminerals.com.au
Media Relations -
T: +61 422 602 720
E: michael.vaughan@fivemark.com.au
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