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Horizon Minerals Limited (ASX:HRZ) Jacques Find - Peyes Farm Mineral Resource Update
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Horizon Minerals Ltd s updated 130,000-ounce Jacques Find-Peyes Farm resource boosts Boorara gold bounty
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Horizon Minerals Ltd (ASX:HRZ) continues to progress its strategy of building a standalone gold business in one of Australia s premier gold regions around the WA Goldfields mining centre of Kalgoorlie-Boulder.
The company has updated the market on activity across its gold exploration assets with a fresh investor presentation.
Currently, the gold explorer is carrying out a 50,000-metre drilling campaign in order to test new targets, extend and better understand the gold resource at its regional Goldfields tenements.
Horizon has notched up more than one million ounces worth of gold mineral resource across six key exploration assets in WA all of which remain open along strike and at depth.
Horizon Minerals updates Boorara gold resource and delivers 34% increase in grade
The April 2021 mineral resource model has shown a reduction in tonnage offset by a 34% increase in grade and an updated estimate of 11 million tonnes grading 1.26 g/t gold for 448,000 ounces at a 0.5 g/t gold cut-off grade. Open pit mining optimisation and design studies are well advanced for generation of ore reserves in the third quarter as part of a consolidated feasibility study.
Horizon Minerals Ltd (ASX:HRZ) has received further validation of the golden potential of Boorara Gold Project, 15 kilometres east of Kalgoorlie-Boulder in the Western Australian Goldfields, with an updated independent mineral resource estimate delivering a 34% increase in grade.
Horizon Minerals Ltd reveals high-grade results up to 61 21 g/t at Peyes Farm Gold Project confirming grade continuity
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