Horizon Gold Limited’s Gum Creek Project Delivers High-Grade Drilling Hits and a 2.14 Moz Gold Resource, Paving the Way for a 2026 Feasibility Study Update
Tuesday, June 3, 2025
at
9:15 am
Horizon Gold Limited reports impressive drilling at its Gum Creek Project in Western Australia, capturing broad, high-grade gold intercepts across several prospects. These results are set to boost confidence in upcoming resource upgrades and feasibility studies—sparking optimism for profitable gold mining opportunities.
Horizon Gold Limited has reported a series of impressive drilling results from its Gum Creek Gold Project in Western Australia. The latest RC and diamond drilling campaigns at the Swan, Swift, Howards, and Wedge prospects have returned broad, shallow and high-grade gold intercepts, confirming and extending historical mineralisation. For example, at the Swan/Swift area, drilling intercepted 22 meters at 3.18g/t gold from just 2 meters downhole – including a 5‑meter segment at nearly 10g/t – along with additional intervals such as a 30‑meter intercept at 1.74g/t gold. These robust technical indicators underscore the strong potential of the deposit.
Drilling at the Howards prospect has also provided compelling evidence of near surface mineralisation, with one interval measuring 28 meters at 3.88g/t gold, including 12 meters at a high grade of 8.19g/t gold. At the Wedge prospect, notable intercepts such as a 10‑meter interval at 2.11g/t gold and other significant low intercepts have reinforced the consistency of the high-grade gold shoot that remains open at depth. The comprehensive drilling program, which involved over 5,150 meters of RC drilling along with key geotechnical diamond holes, will feed into an updated mineral resource estimate expected in Q3 2025, and form a critical part of the feasibility study scheduled for completion early next year.
The technical data points to broad, high‐grade zones embedded within a complex geological setting that includes conjugate quartz-carbonate-pyrite vein sets and intense alteration. In addition to solid drilling intercepts—including numerous intervals greater than 20 gram-metre products—the program has provided essential geotechnical information for pit design and will be incorporated into updated block models. As further drilling is planned to extend these intercepts and test additional high-grade targets, the work supports a robust potential mine life extension and overall project viability.
Market sentiment from the announcement is mixed but leans toward bullish. On the positive side, the encouraging drill results and imminent resource upgrade add confidence in the project’s economic potential and its ability to support a standalone mining operation, especially in a favorable high gold price environment. On the more cautious side, as with any early-stage project, there remain risks including exploration uncertainty and the extended timeline before production. Nonetheless, for investors and beginner traders, these results suggest strong fundamentals and a promising outlook for Horizon Gold Limited’s Gum Creek Gold Project.