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Horizon Minerals Corp.
Summary
| Project: | Nanadie Well | |
|---|---|---|
| Deposit: | Nanadie Well | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 5/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-5-2020: Horizon Minerals Corp. announces an Exploration/Drilling Update report for its Nanadie Well deposit at the Nanadie Well project. Drilling results incl. 12m @ 2.16% Cu, 2.95g/t Au from 20m. During the December Quarter 2019, Horizon announced the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David O'Farrell (Intermin Resources Ltd.) | |
| ABSTRACT: | During the December Quarter 2019, Horizon announced the Nanadie Well and Stark projects returned to the Company on a 100% basis and conducted a review of previous work undertaken over the last 4 years 1 . To ensure the tenure remained in good standing and to follow up a number of historic high grade copper and gold supergene zones intercepted from previous drilling, the Company completed 14 Reverse Circulation (RC) holes for 1,046m to a maximum depth of 50m. The project covers part of the northwest trending belt of Archean mafic and metasedimentary units with demonstrated prospectivity for both magmatic copper-nickel-PGE mineralisation and lode gold mineralisation. The oxide mineralisation comprises malachite/azurite which often forms a zone of localised supergene enrichment. The ore below 40m depth is mostly fresh, disseminated fine grained chalcopyrite within a sequence of basalts/amphibolites, felsic volcanics and dolerite. The drilling results are extremely encouraging with previously unknown, high grade gold hits being discovered at Nanadie Well. Highlights include | |
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