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Horizon Minerals Ltd.
Summary
| Project: | Boorara | |
|---|---|---|
| Deposit: | Royal | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 14-1-2020: Horizon Minerals Ltd. announces an Exploration/Drilling Update report for its Royal deposit at the Boorara project. Drilling results incl. 6m @ 21.16g/t Au from 33m. Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) is pleased to | |
| 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 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). Commenting on the results from Boorara, Horizon Managing Director Mr Jon Price said: “These initial results clearly demonstrate the scale and quality of the Boorara mineralised system with excellent width and grade continuity and we have barely scratched the surface. Our aim is to complete the grade control model, mine optimisation and stage 1 design in the March Quarter and commence mining in the June Quarter and third party toll milling in the September Quarter. ” “This will, in turn, provide invaluable geological and metallurgical reconciliation information for the larger scale development as part of the consolidated Feasibility Study for Boorara and the satellite projects in close proximity due for completion in the December Quarter 2020. ” | |
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