Horizon Minerals Limited (HRZ.AX) High-Grade Gold Mineralization at Kestrel Confirms Potential for New Discovery

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Horizon Minerals Limited (ASX: HRZ)

Horizon Minerals Limited (HRZ.AX) High-Grade Gold Mineralization at Kestrel Confirms Potential for New Discovery

Perth, Australia, Aug 2, 2021 – (ABN Newswire) – Horizon Minerals Limited (ASX: HRZ) is pleased to report spectacular new drill results from the 100% owned Kestrel discovery, which is part of the project area Binduli gold mine, located 13 km northwest of Kalgoorlie – Rock in the heart of the gold fields of Western Australia (Figure 2 *).

STRONG POINTS

– Thick areas of shallow, high grade gold mineralization have been intercepted with split 1m assay results received to date including:

o 18m @ 4.64g / t Au of 49m including 1m @ 56.65g / t Au of 64m and 5m @ 5.22g / t Au of 94m including 1m @ 18.91g / t Au of 97m (KRC21002)

o 15m @ 4.66g / t Au of 84m including both 1m @ 21.69g / t Au of 84m and 1m @ 18.50g / t Au of 98m (KRC21007)

– The drill program included 15 RC holes over 1,630m on the emerging Kestrel prospect with pending assay results for 8 holes (830m) including repeat assays due to high levels of washed gold nuggets from samples

– Open mineralization along strike and at depth with a dedicated 10,000m diamond and RC drill program starting in the current September quarter to test depth and strike extensions at Kestrel and others priority targets along the 10 km Janet Ivy shear

This drilling phase is part of the 50,000 m CY21 program testing the generation of high priority projects and new discovery targets on the 1,100 km2 portfolio. The objective of the drilling program is to organically develop the project pipeline within a 75 km radius of the proposed Boorara plant in addition to the six core development projects being assessed under the consolidated feasibility study to be completed in the second half of 2021.

To view tables and figures, please visit:
https://abnnewswire.net/lnk/D4M1376Y

About Horizon Minerals Limited:

Horizon Minerals Limited (ASX: HRZ) is a gold exploration and mining company focused on the Kalgoorlie and Menzies regions of Western Australia, which are home to some of Australia’s richest gold deposits. The Company is developing a portfolio of mining projects to generate cash and self-finance aggressive exploration, mining developments and other acquisitions. The Teal gold mine was recently completed.

Horizon aims to significantly increase its JORC-compliant mineral resources, complete definitive feasibility studies on high-grade open-pit and underground base projects, and build a sustainable development pipeline.

Horizon has a number of joint ventures in place in several commodities and regions across Australia providing exposure to vanadium, copper, PGEs, gold and nickel / cobalt. Our quality joint venture partners are earning in our project areas by spending over $ 20 million over 5 years, allowing us to focus on gold trading while maintaining upward leverage.

Contact:

Jon Price
General director
T: +61 8 9386 9534
E: [email protected]

Michael vaughan
Press relations – Fivemark Partners
Phone. : +61 422 602 720
E: [email protected]

Source:
Horizon Minerals Limited

Copyright (C) 2021 ABN Newswire. All rights reserved.

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