Horizon Minerals (ASX: HRZ)

Provided an update on the drilling program under way at its 100% owned high-grade Burbanks gold project, located 9km south of Coolgardie in the Western Australian Goldfields.

Results include some spectacular High-grade gold intercepts.

 

 

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	Horizon Minerals	ASX: HRZ
	Stage	Development, Production
	Metals	Gold,Nickel, Cobalt
	Market cap	A$257 million @ A$0.86
	Location	Kalgoorlie, Western Australia
	Website	www.horizonminerals.com.au

 

 

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HORIZON MINERALS BURBANKS DRILLING RETURNING SPECTACULAR GRADES

 

 

Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) is pleased to provide an update on the drilling program under way at its 100% owned high-grade Burbanks gold project, located 9km south of Coolgardie in the Western Australian Goldfields.

 

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HIGHLIGHTS

• Underground mining at Burbanks historically produced 324koz @ 22.7g/t Au
• The historical production is in addition to the existing JORC (2012) Mineral Resource of:
o 6.1Mt grading 2.4g/t Au for 466koz 
• Horizon commenced a 30,000m drilling program in late June 2025, with the initial 15,000m targeting mostly infill to upgrade the existing resource. Eighteen of the planned 45 Phase 1 holes have been drilled with assays returned for 15 holes, with highlights as follows: 
o 1.55m @ 99.65g/t Au from 336.3m including 0.4m @ 350.00 g/t Au from 336.7m
and 0.35m at 64.29g/t Au from 336.3m (25HBBD004)
o 5.3m @ 3.49g/t Au from 235.7m including 0.6m @ 19.22 g/t Au from 238.7m
(25HBBD004)
o 1.7m @ 37.18g/t Au from 71.0m (25HBBD004)
o 3.7m @ 5.13g/t Au from 222.4m including 0.57m @ 27.52g/t Au from 224.8m
(25HBBD004)

 

 

 

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Managing Director and CEO Mr Grant Haywood said

“These spectacular high-grade intersections from our infill diamond drilling program further demonstrate the exceptional quality of the orebody and underscores the potential of our Burbanks project.

 

“Confirming such strong results within our existing resource area provides real assurance in the project and demonstrates the opportunity to deliver improved resource confidence that will feed directly into development studies, ultimately providing valuable high-grade feed to our 100% owned Black Swan processing plant.” 

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To read the full news release please click HERE

 

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Disclosure

At the time of writing the author holds shares in Horizon Minerals.

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