Horizon Gold Limited (ASX:HRN) Begins 4,400m Drilling to Expand Gum Creek Gold Resource
Resource Expansion Drilling
Horizon Gold Limited (ASX:HRN) has commenced a 4,400m Reverse Circulation (RC) drilling program at its wholly owned Gum Creek Gold Project, located 90 kilometres north of Sandstone in the Murchison Region of Western Australia. The drilling targets four prospects—Goldfinch, Robin, Thornbill West, and Toucan—within three kilometres of the old Gidgee Mill. This initiative aims to expand the existing 2.14 million ounce gold resource and extend the potential mine life, with completion expected by early October 2025.
Upcoming Underground Drilling
Additionally, Horizon Gold plans to commence a diamond drilling program in early October to test high-grade underground targets at the Kingfisher and Omega deposits. This program will help define and grow the underground resource at Kingfisher and produce a maiden gold resource at Omega. Following the drilling, the company will assess mining options for the high-grade underground resources at Gum Creek.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
