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Horizon fish up gold at Gum Creek

12 December 2022 10:35

Horizon Gold continues to shore up its flagship Gum Creek Gold project with recent results from a widespread drilling campaign at the West Australian project returning exceptional intercepts of 15m @28.5g/t gold from the Kingfisher deposit.

Drilling at Kingfisher confirmed the continuity of high-grade gold mineralisation at depth, giving a significant opportunity to grow the prospect’s already substantial MRE of 2.06Mt @ 2.19g/t Au for 145,100oz by uncovering further high-grade shoots and extending known mineralisation along 1.2 kilometres of strike.

Drilling also pulled up exciting intercepts from the Eagle and Eagles Peak prospects proximal to the historical Gidgee gold mill, with top returns of 12m @ 3.3g/t Au and 31m @ 4.5g/t Au.

The company said Metallurgical test work and sampling are underway as it prepares to update Gum Creek’s MRE in the first half of next year.

“Kingfisher’s latest spectacular drilling results reinforce the potential to add significant underground ounces to the current MRE. The Eagle Prospect results will help to increase the current MRE for the deposit and expand the optimised pit shell to the north and south,” managing director Leigh Ryan said.

“The impressive Eagles Peak results extend the known mineralisation at depth and confirm the shallow historic drill intercepts that will bolster the maiden MRE for the prospect.”

Horizon is awaiting final assay results from other prospects at Gum Creek, including Altair, Fangio and Kearrys among others and is expected to release these before year’s end.

HRN’s Australian Stock Exchange-listed share price was trading at 32c today (9:33 am UTC+ 8 hours).

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