12/11/2019 - 14:05

Horizon gets onto more gold near Kalgoorlie

12/11/2019 - 14:05


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Horizon Minerals has rounded off a drilling campaign at its Kalgoorlie gold project with results such as 12 meters grading 3.62 grams per tonne gold from just 28 meters downhole at the Capricorn prospect. At the historic Baden Powell North prospect, new intercepts include 5m going 2.67g/t from only 12m. With multiple processing facilities in the area, Horizon could even produce some quick and easy cashflows from Capricorn.

Horizon gets onto more gold near Kalgoorlie
Horizon’s historic Baden Powell pit

Horizon Minerals has been smashing out the drill meters as the year draws to a close to round out what has been a successful drilling program across its Kalgoorlie regional gold project in Western Australia. Impressive results at the Capricorn prospect include 12 meters grading 3.62 grams per tonne gold from just 28 meters downhole.

Capricorn is located 45km north-west of Kalgoorlie and further encouraging numbers there include 5m going 6.56g/t gold from 43m downhole and 5m at 6.15g/t gold from 66m downhole.

The mineralisation at Capricorn spans approximately 360m and is still open along strike to the north and south as well as down-plunge.

At Baden Powell North, located 60km north-west of Kalgoorlie, the rig turned up some nice looking rocks with intercepts of 5m grading 2.67g/t gold from 12m getting the management team excited.

Interestingly any significant find in this region may lead to quick and easy cash flows from toll treating with a number of options in the area.  

Baden Powell is a historic mine said to have produced 556 tonnes for 658 ounces in the early 1900s. A few small pits lie a couple of hundred meters east of the Goldfields Highway and a few shafts along a line to the north.

Horizon also picked up some old quartz vein samples from the Baden Powell mullock, or waste dumps that returned impressive grades peaking out at 67.1g/t gold.

The historic drilling around and underneath the old pits has defined consistent mineralisation down to approximately 120m depth and the company believes there is potential for an inexpensive open pit mine and plans to define further resources through infill drilling.

Horizon’s Black Flag project is located about 35km north-north-west of Kalgoorlie and has been historically explored by Centaur Mining and Placer Dome.

The company recently drilled a first pass RC program across areas where historic drilling warranted follow-up with anomalous results including 1m grading 2.84g/t gold.

Horizon is now revaluating its geological interpretation to firm up the next round of drill targeting at the Black Flag project.

Horizon’s Managing Director Jon Price said:“The regional drilling program continues to deliver new and exciting results in areas where limited modern exploration has been conducted in the past.

…We look forward to the next round of drilling to further test the extent of mineralisation and infill drilling to improve geological confidence.”

Meanwhile, Horizon is grade control drilling to de-risk its Boorara gold project, sited some 10km from Kalgoorlie’s famous Super Pit, where results are also rolling in with the best numbers tabled recently showing a 6m intersection grading 1.82g/t gold from 54m and 5m grading 1.61g/t gold from 56m.

Horizon’s combined Boorara deposits have a resource of 16.45 million tonnes grading at 0.96g/t for 507,000 ounces of gold.

Horizon appears to be in the right commodity in the right region at the right time.

With the gold price enjoying new highs and a plethora of gold mineralised ground over multiple projects and prospects around Kalgoorlie,  it shouldn’t take long for Horizon to take that magical leap into production from at least one of its projects.


Is your ASX listed company doing something interesting ? Contact : matt.birney@businessnews.com.au


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