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Horizon Gold Ltd.

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Summary

Project:

Gum Creek

Deposit:Altair
Location:Australia
Commodities:Gold-Zinc-Copper
Date:10/23/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:23-10-2018: Horizon Gold Ltd. announces an Exploration/Drilling Update report for its Altair deposit at the Gum Creek project. Expanded drilling result of 55.0m @ 3.32% Zn, 0.52% Cu from 184.0m. Horizon Gold Limited (ASX Code: HRN) (Horizon or the Company
Resources:(Resource, I+I): 17.303Mt @ 2.25g/t Au for 1.25Moz Au contained at project
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 the final assay results received from the recently completed, single surface diamond drill hole ALDD002 at the Altair Prospect at Gum Creek (Figure 1). On 4 October 2018 the Company announced the assays results for the deeper portion (from 196m to 351m) of ALDD002 which returned the following significant zinc-copper intercept: 43.0m @ 3.67% Zn and 0.60% Cu from 196.0m, including 9.0m @ 6.69% Zn and 1.00% Cu from 213.0m. (refer to Company ASX announcement dated 4 October 2018) Final assay results for the upper portion of ALDD002 from the base of the mud-rotary pre-collar at 41.6m to 196m have now been received and when combined with the earlier assay results, have returned the following expanded intercept: 55.0m @ 3.32% Zn and 0.52% Cu from 184.0m, including 9.0m @ 6.69% Zn and 1.00% Cu from 213.0m.

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