Quarterly Activities Report 30 September 2021
Exploration drilling at Kestrel confirms potential for new discovery with excellent drilling results to date including:
o 18m @ 4.64g/t Au from 49m including 1m @ 56.65g/t Au from 64m and 5m @ 5.22g/t Au from 94m including 1m @ 18.91g/t Au from 97m (KRC21002)
o 15m @ 4.66g/t Au from 84m including both 1m @ 21.69g/t Au from 84m and 1m @ 18.50g/t Au from 98m (KRC21007)
A key focus for the Company is on exploration upside within our 1,100km2 tenement package with up to four drill rigs currently operating as part of the largest ever 50,000m exploration program. Horizon holds numerous non-core assets including listed investments and a joint venture in place covering the world class 1.8Bt Richmond - Julia Creek oxide Vanadium Project in North Queensland.
Primary activities during the Quarter included the continuation of the 50,000m project generation and new discovery drilling program and release of results, resource modelling and mine optimisation studies as part of the consolidated Feasibility Study, pursuit of further regional consolidation, joint venture reviews, consolidation and divestment opportunities and strengthening of the team ahead of a significant growth phase.
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About Horizon Minerals Limited
Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.
Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.
Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.
Horizon Minerals Limited