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Horizon Minerals Ltd.
Summary
| Project: | Rose Hill | |
|---|---|---|
| Deposit: | Rose Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/3/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 3-2-2020: Horizon Minerals Ltd. announces a Resource Estimation report for its Rose Hill deposit at the Rose Hill project. Resource update plus new drill results incl. 11m @ 8.79g/t Au from 43m. Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Compa | |
| Resources: | (Resource, I+I): 1.20Mt @ 2.49g/t Au at Rose Hill | |
| CP/QP: | [Resources]: David O’Farrell (Internal) | |
| ABSTRACT: | Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) is pleased to announce drilling results from Rose Hill and updated Mineral Resource estimates for the Rose Hill, Gunga West and Golden Ridge projects located in the Kalgoorlie and Coolgardie regions in the heart of the Western Australian goldfields (Figure 1). The projects were acquired under an asset swap with Northern Star Resources Limited (ASX: NST) as announced to the ASX on 12 September and 20 December 2019. Northern Star acquired the projects as part of the purchase of Westgold Resources Limited’s (ASX: WGX) South Kalgoorlie Operations as announced to the ASX on 8 March 2018. Commenting on the Rose Hill results, Horizon Managing Director Mr Jon Price said: “Rose Hill is certainly shaping up as a genuine contributor to our project pipeline demonstrating both high grade open cut and underground potential with excellent widths and in close proximity to a centralised processing plant being assessed at Boorara as part of the Feasibility Study. We now look forward to further extensional and infill drilling at Rose Hill and our other core satellite projects to complement the base load Boorara gold project.” | |
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