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Horizon Gold Ltd.
Summary
| Project: | Gum Creek | |
|---|---|---|
| Deposit: | Altair | |
| Location: | Australia | |
| Commodities: | Zinc-Copper | |
| Date: | 12/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-12-2018: Horizon Gold Ltd. announces an Exploration/Drilling Update report for its Altair deposit at the Gum Creek project. Drilling results incl. 39.0m @ 2.34% Zn, 0.48% Cu from 160.0m. Horizon Gold Limited (ASX Code: HRN) (Horizon or the Company) is | |
| 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 Prospect at Gum Creek (Figure 1). On 4 October 2018, the Company announced details of a significant zinc-copper intercept in drill hole ALDD002 at Altair2 . 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 Altair as soon as possible1 . On 6 November 2018, the Altair follow-up eight-hole drill program commenced and was completed on 8 December 2018, for a total of 2,648 drill metres. The aim of the program was to provide a clearer understanding of the geological setting and orientation of the Altair Zn-Cu mineralisation by drilling a pattern of close-spaced holes around ALDD002 (Figure 2). The holes were drilled with RC pre-collars and NQ2 diamond core tails. Assay results for the primary mineralisation in the first four holes of this program have been received. Assays of the primary mineralisation in the remaining four holes and pre-collars for all holes passing through the supergene zone are still pending. A summary of the follow-up drill program and assay results received to date are presented below. | |
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