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Horizon Minerals Ltd.
Summary
| Project: | Rose Hill | |
|---|---|---|
| Deposit: | Rose Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/9/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-6-2020: Horizon Minerals Ltd. announces an Exploration/Drilling Update report for its Rose Hill deposit at the Rose Hill project. Drilling results incl. 3.35m @ 17.92g/t Au from 78.65m. Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) is | |
| Resources: | (Resource, I+I): 1.20Mt @ 2.49g/t Au at Rose Hill | |
| CP/QP: | [Overall Report] David O’Farrell (Internal) | |
| ABSTRACT: | Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) is pleased to announce further excellent high grade drilling results from the Rose Hill gold project, located near Coolgardie, 35km west of Kalgoorlie in the heart of the Western Australian goldfields (Figure 1). During the June Quarter, the Company completed three infill RC and diamond tail holes to a maximum depth of 172m. The aim of the drilling was to improve geological confidence, test extensions in poorly drilled areas and provide additional geotechnical information and metallurgical samples from the diamond core. Rose Hill is located 0.5km southeast of Coolgardie and lies on the western margin of the Archean Norseman-Menzies Greenstone Belt. Mineralisation is hosted within the main Rose Hill diorite (porphyry), adjacent to the hanging wall ultramafic and an eastern porphyry unit alongside the Greenmount Sill (Figure 2). It is part of the same mafic-ultramafic package that includes Brilliant, Tindals and Dreadnought to the south and Queen of Sheba immediately to the north. A list of significant assays is shown in the Table 1 on Page 9. Gold is found within a steep dipping, bleached dioritic porphyry host rock and is associated with thin stock work quartz veining and sulphides. Visible gold was observed in some of the quartz veins. | |
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