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Horizon Gold Ltd.
Summary
| Project: | Gum Creek | |
|---|---|---|
| Deposit: | Gum Creek | |
| Location: | Australia | |
| Commodities: | Gold-Zinc-Copper | |
| Date: | 10/4/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-10-2018: Horizon Gold Ltd. announces an Exploration/Drilling Update report for its Gum Creek deposit at the Gum Creek project. Drilling results incl. 43.0m @ 3.67% Zn, 0.60% Cu from 196.0m. Horizon Gold Limited (ASX Code: HRN) (Horizon or the Company) i | |
| 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 interim update on assay results received from the recently completed, single surface diamond drill hole ALDD002 at the Altair Prospect at Gum Creek (Figure 1). The Altair Prospect is interpreted to be volcanic-associated base-metal sulphide style mineralisation associated with black shales and intermediate volcanics. Relatively shallow drilling in the 1990’s by previous explorers intersected broad zones of possible supergene copper mineralisation, including the following results* Non-Executive Chairman, Peter Harold, said “the assay results at Altair are clearly a significant development for the Gum Creek Project and, although very early days, have the potential to add a base metal element to the known gold prospectivity of the Project. Together with the recently announced high-grade gold results obtained at Premium Lode / Butcherbird Shear, we are looking forward to commencing follow-up drilling programs as soon as possible to more fully delineate the extent of these priority zinc-copper and gold targets.” | |
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