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Horizon Gold Ltd.
Summary
| Project: | Gum Creek | |
|---|---|---|
| Deposit: | Altair | |
| Location: | Australia | |
| Commodities: | Zinc-Copper | |
| Date: | 4/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-4-2019: Horizon Gold Ltd. announces an Exploration/Drilling Update report for its Altair deposit at the Gum Creek project. Drilling results incl. 62.6m @ 2.45% Zn, 0.42% Cu from 262.0m. Horizon Gold Limited (ASX Code: HRN) (Horizon or the Company) is pl | |
| Resources: | (Resource, I+I): 17.303Mt @ 2.25g/t Au for 1.25Moz Au contained at Gum Creek | |
| CP/QP: | [Overall Report]: John Hicks (Panoramic Resources Ltd.) | |
| ABSTRACT: | Horizon Gold Limited (ASX Code: HRN) (Horizon or the Company) is pleased to provide this update on activities at the Altair zinc-copper prospect within the Gum Creek Project (Figure 1). On 4 October 2018, the Company announced details of a highly significant zinc-copper intercept in drill hole ALDD002 at Altair1 . On 23 October 2018, the Company released the final assay results for ALDD002 and announced plans to commence a follow-up surface diamond drill program at Altair2 . The follow-up drill program, involving eight holes for a total of 2,648m commenced on 6 November 2018 and was completed on 8 December 2018. The aim of the program was to provide a clearer understanding of the geological setting and orientation of the Altair zinc-copper mineralisation by drilling a pattern of close-spaced holes around ALDD002 (Figure 2). The holes were drilled with reverse circulation (RC) pre-collars and NQ2 diamond core tails. Assay results for the primary mineralisation in the first four holes of this program (ALDD003 to ALDD 006) were reported on 21 December 20183 . | |
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