Horizon Gold Limited Drilling Delivers High-Grade Gold Intercepts at Gum Creek, Bolstering a 2.14-Million-Ounce Resource and Extended Mine Life Prospects

Monday, June 30, 2025
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8:29 am
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Horizon Gold Limited’s latest drilling at its Gum Creek Gold Project delivered impressive high-grade gold intercepts across multiple prospects. The robust results indicate significant resource expansion and potential extended mine life, paving the way for an updated resource estimate and further exploration drilling.

Horizon Gold Limited has reported an extensive set of additional drilling results from its 100% owned Gum Creek Gold Project in Western Australia. Using 122 reverse circulation holes and 12 geotechnical diamond drill holes across 15 key prospects, the company confirmed broad, shallow, and high‐grade gold occurrences that reinforce and extend historic mineralisation. Notable highlights include strong intercepts at the Eagle Prospect – for example, 14 meters grading 4.34 g/t gold (including 3 meters at 18.66 g/t) and a separate 15-meter intercept averaging 2.15 g/t gold – as well as intercepts at both Hyperno-Reliance and South Reliance that returned intervals such as 11 meters at 6.90 g/t gold and 16 meters at 4.35 g/t gold. Other prospects including Hawk, Shiraz, Melbourne Bitter, and Toedter have similarly delivered promising intercepts with grades often well above the 0.2 g/t cut-off grade applied, further supporting the technical models established in the March 2024 Scoping Study. The drilling program has reduced drill spacing to an approximate 20m by 20m pattern within pit shells optimized by previous studies, adding confidence to resource models while confirming continuity and structural controls of the mineralisation. Detailed geological logging, downhole televiewer surveys, and diamond core records have been effectively used in gold resource modeling and pit design work ahead of the upcoming feasibility study set for early 2026. The updated mineral resource estimate anticipated in Q3 2025 is expected to reflect these extensive and high-grade intercepts, along with input on wall angles and geotechnical constraints that will influence future pit design and mining options, including potential underground mining at select high-grade targets. The news is bolstered by the company’s concurrent progress on water bore drilling, pump tests, metallurgical test work, environmental surveys, and heritage assessments, all of which are integral to completing a robust feasibility study. Horizon Gold Limited’s integrated approach across exploration and resource expansion drilling aims to extend the prospective mine life well beyond earlier estimates, with continued drilling planned at several open-pittable resource areas and additional underground targets. Sentiment surrounding the report leans bullish due to the number of impressive, high-grade intercepts, the comprehensive technical work confirming resource continuity, and the clear progress on feasibility study activities. On the bearish side, potential investors should note that several targets remain open along strike and at depth, meaning that additional drilling is still required to better define resource boundaries. Furthermore, as with all forward-looking statements in the mining sector, the project’s success remains subject to volatile gold prices, commodity market fluctuations, and inherent risks associated with large-scale mining operations.

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