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Horizon Minerals Drilling Delivers Excellent Results

Mining News - Published on Wed, 13 Nov 2019

Image Source: abnnewswire
Horizon Minerals Limited has announced further excellent reverse circulation drilling results from the 100% owned Kalgoorlie regional gold project areas located along the Bardoc Tectonic Zone and Abattoir Shear Zone in the heart of the Western Australian goldfields. During 2019, the Company completed 3 RC programs, focused on resource growth at Coote and Crake, but also testing a number of under explored regional prospects such as the Central Binduli area (Darter and Honeyeater), Black Flag, Capricorn and Baden Powell. These tenements are all located within the highly prospective Abattoir Shear-Bardoc Tectonic Zone corridor. To date, Horizon has drilled a total of 164 RC holes for 14,227m in 2019. Horizon Managing Director Mr Jon Price said "The regional drilling program continues to deliver new and exciting results in areas where limited modern exploration has been conducted in the past. The Windanya and Baden Powell areas are now demonstrating the potential for new resources to be established within trucking distance from a centralised processing facility. We look forward to the next round of drilling to further test the extent of mineralisation and infill drilling to improve geological confidence."


- Regional drilling comprising 58 RC holes for 4,763m completed in September 2019. Two historic prospects "Baden Powell North" and "Capricorn" returned significant new gold mineralisation in an area of limited historic exploration

- At the Capricorn prospect, follow up drilling was conducted on a 40m spacing along 360m of strike length. Significant results include:
o 12m @ 3.62g/t Au from 28m including 1m @ 24.0g/t Au from 32m (WDRC19031)
o 5m @ 6.56g/t Au from 43m including 1m @ 21.60g/t Au from 46m (WDRC19028)
o 5m @ 6.15g/t Au from 66m including 1m @ 26.20g/t Au from 66m (WDRC19029)
o 10m @ 1.97g/t Au from 65m (WDRC19033)

- At the Baden Powell North prospect, historic workings and adjacent areas up to 600m NNW of the historic open pit area were tested. Significant results include:
o 8m @ 2.79g/t Au from 76m (BPRC19028)
o 5m @ 2.67g/t Au from 12m (BPRC19022)
o 3m @ 5.73g/t Au from 18m (BPRC19022)

- At the Baden Powell mine area, infill drilling was conducted to convert the established mineralisation to a JORC compliant resource. Better results include:
o 6m @ 1.82g/t Au from 54m (BPRC19014)
o 5m @ 1.61g/t Au from 56m and 2m @ 1.10g/t Au from 70m (BPRC19011)

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Posted By : Arun Huidrom on Wed, 13 Nov 2019
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