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Horizon Minerals Ltd.
Summary
| Project: | Boorara | |
|---|---|---|
| Deposit: | Crown Jewel, Regal | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/21/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 21-1-2020: Horizon Minerals Ltd. announces an Exploration/Drilling Update report for its Crown Jewel, Regal deposit at the Boorara project. Drilling results incl. 10m @ 7.87g/t Au from 10m. Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) | |
| Resources: | (Resource, Total): 16.45Mt @ 0.96g/t Au at Boorara total | |
| CP/QP: | [Overall Report]: Andrew Pumphrey (Internal) | |
| ABSTRACT: | Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) is pleased to announce further excellent reverse circulation (“RC”) drilling results from the 100% owned Boorara gold project located 10km east of Kalgoorlie-Boulder in the heart of the Western Australian goldfields (Figure 1). During the December Quarter 2019, the Company completed 18,000m of infill Reverse Circulation (RC) drilling on 4m x 10m (south) and 5m x 10m (north) drill spacing to a maximum depth of 54m at the Royal (southern stockwork), Crown Jewel (central) and Regal (northern stockwork) deposits (Figures 1 and 2). The Boorara gold project is located on granted Mining Leases 1km southwest of the Nimbus site where established offices are connected to mains power and a production water supply from the Stoneville bore field. Commenting on the latest results from Boorara, Horizon Managing Director Mr Jon Price said: “The results from Regal and Crown Jewel continue to demonstrate the considerable potential at Boorara with high grades intercepted at mineable widths and the ore starting at surface. The drilling has intercepted both the main NNW striking zones and multiple flat cross cutting vein sets and has certainly exceeded our expectations. ” “The focus is now on delivering a robust model, mine optimisation and economic evaluation to meet our objective of bringing Stage 1 of Boorara into production in 2020 and unlocking further value from the larger scale development being assessed as part of the Feasibility Study due out in December Quarter 2020. ” | |
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