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Horizon Gold Ltd.
Summary
| Project: | Gum Creek | |
|---|---|---|
| Deposit: | Gum Creek | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-9-2018: Horizon Gold Ltd. announces a Resource Estimation report for its Gum Creek deposit at the Gum Creek project. Mineral resource statement, unchanged since last estimate. Horizon Gold Limited (ASX:HRN, Horizon, the Company) is pleased to announce | |
| Resources: | (Resource, I+I): 17.303Mt @ 2.25g/t Au for 1.25Moz Au contained at project | |
| CP/QP: | [Resources]: John Hicks (Panoramic Resources Ltd.) | |
| ABSTRACT: | Horizon Gold Limited (ASX:HRN, Horizon, the Company) is pleased to announce the Company’s Annual Mineral Resources Statement as at 30 June 2018. Total Mineral Resources as at 30 June 2018 are 17.3Mt @ 2.2g/t Au for 1.25 million ounces contained gold (Table 1), which is unchanged from 30 June 2017 and from the Resources reported in Horizon’s IPO Prospectus dated 21 October 2016 and previously by Panoramic Resources Limited (refer Panoramic Resources Limited (ASX:PAN) ASX announcement of 14 October 2016 titled, “Gum Creek Gold Project Mineral Resources at 30 September 2016”). Of the total, approximately 75% of the contained gold in Resource is classified as Indicated. No Ore Reserves have been declared for the Company’s Gum Creek Gold Project. The Annual Mineral Resources Statement has been compiled by Mr John Hicks. Mr Hicks is General Manager Exploration and a full-time employee of Panoramic Resources Limited. Mr Hicks is also a shareholder and holder of performance rights in Panoramic Resources Limited. Under a Management Agreement between Panoramic Resources Limited and Horizon Gold Limited dated 21 October 2016, Mr Hicks is authorised to report on Horizon Gold Limited Mineral Resources. Mr Hicks is a member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Hicks has sufficient experience that is relevant to the styles of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Hicks consents to the inclusion of the material in this report in the form and context in which it appears. No New Information or Data The Annual Mineral Resources Statement contains references to Mineral Resource estimates, all of which have been cross referenced to previous market announcements. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed | |
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