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- Horizon Gold (HRN) has begun reverse circulation (RC) drilling at its Gum Creek Gold Project in Western Australia
- Gum Creek spans an area of 620 square kilometres and has historically produced more than one million ounces of gold
- 38 holes will be drilled with aims to improve the mineralisation and target potential extensions to the mineral resources at the Swan and Swift gold deposits
- Horizon is up a steady 13.5 per cent and shares are trading for 42 cents each
Horizon Gold (HRN) has begun reverse circulation (RC) drilling at its Gum Creek Gold Project in Western Australia.
Gum Creek covers an area of 620 square kilometres and has historically produced more than one million ounces of gold and hosts a JORC 2012 mineral resource of 15.9 million tonnes averaging 2.7g/t gold containing 1.39 million ounces of gold.
This drilling program will consist of 38 holes, for 4680 metres, of infill and extensional drilling with aims to improve the mineralisation and target potential extensions to the mineral resources at the Swan and Swift gold deposits.
“It is great to be drilling again at the Gum Creek Gold Project, with the initial program targeting the high-grade Swan and Swift deposits. This marks the start of a new phase of exploration for the company in this highly prospective belt,” Executive Director Jamie Sullivan said.
“Along with our comprehensive review of previous geological data, which is well underway, we look forward to planning a more expansive drill program leading into 2021,” he added.
Horizon is up a steady 13.5 per cent and shares are trading for 42 cents each at 1:43 pm AEST.
