Shallow, High-Grade Gold Intersected
Horizon Minerals Limited (ASX: HRZ) has announced further excellent shallow high-grade drilling results from the Rose Hill gold project, located near Coolgardie, 35km west of Kalgoorlie in the heart of the Western Australian goldfields.
Managing Director, Jon Price, said Rose Hill is one of four core satellite gold projects being advanced to complement the baseload Boorara gold project as part of the consolidated Feasibility Study to deliver an initial five year mine plan and underpin the establishment of a stand-alone processing facility at the Boorara mine site.
Trial mining at Boorara is complete and toll milling campaigns will continue through to January 2021. The aim is to have all core project resources updated in the December 2020 and March quarter 2021.
During the September Quarter, the company completed 29 infill RC holes at Rose Hill to a maximum depth of 65m. The aim of the drilling was to improve geological confidence near surface enabling improved JORC classification to the Measured and Indicated Category for reserve conversion.
Significant shallow high-grade intercepts received include:
- 6m @ 2.73g/t Au from 0m and 7m @ 2.34 g/t Au from 15m
- 5m @ 4.79g/t Au from 4m and 2m @ 3.12g/t Au from 24m 2m @ 1.93g/t Au from 11m and 15m @ 1.66 g/t Au from 18m
- 7m @ 1.15 g/t Au from 0m and 3m @ 6.63 g/t Au from 10m
- 7m @ 2.36g/t Au from 2m; and
- 10m @ 1.94g/t Au from 10m
“Rose Hill continues to demonstrate significant open cut and underground potential and we look forward to completion of the updated resource models and reserve generation studies in coming quarters as drilling continues with four rigs across a number of core project areas,” Mr Price said. “The company’s aim is to generate additional high grade open pit and underground reserves supplementing the large scale baseload Boorara project in Kalgoorlie to underpin a longer term production pipeline and a standalone processing facility at Boorara.”
