Horizon Minerals Limited (ASX:HRZ) Boorara Resource Update Increases Gold Grade by 34%
Boorara Resource Update Increases Gold Grade by 34%Perth, April 27, 2021 AEST (ABN Newswire) - Horizon Minerals Limited (
ASX:HRZ) is pleased to announce an updated independent Mineral Resource estimate for the Boorara gold project located 15km east of Kalgoorlie - Boulder in the Western Australian goldfields (Figure 1 ).
HIGHLIGHTS
- Highly successful grade control drilling, trial mining and toll milling completed at the Boorara gold project, 15km east of Kalgoorlie-Boulder in the Western Australian goldfields
- Over 18,000m of grade control drilling completed in 2019 on a 4m x 10m pattern at Royal and 5m x 10m pattern at Regal and Crown Jewel to a depth of 54m
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.