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Horizon Gold Limited (ASX:HRN)

ALERT: Price-sensitive ASX Announcement for HRN
Current share price for HRN : $1.145 0.595 (108.18%)+
Announcement
Release
9 Sep 2025 9:15AM
Price at Release
$0.550
Full Release
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Summary
Horizon Gold Limited has announced the commencement of a 4,400-meter reverse circulation (RC) drilling program at its Gum Creek Gold Project in Western Australia. The project aims to expand the existing 2.14 million ounce gold resource. Drilling will occur at four prospects: Goldfinch, Robin, Thornbill West, and Toucan, each located within 3 kilometers of the Gidgee Mill. Additionally, a diamond drilling program targeting high-grade underground resources at the Kingfisher and Omega deposits is scheduled to begin soon. The RC drilling program is projected to extend the potential mine life of the project and be completed by early October 2025. Horizon Gold sees a robust potential for the Gum Creek Project as a stand-alone mining operation and is conducting ongoing feasibility studies to explore further opportunities.
Key Points
  • Commencement of 4,400m reverse circulation drilling program at Gum Creek.
  • Targeting four prospects: Goldfinch, Robin, Thornbill West, Toucan.
  • Aims to expand current 2.14 million ounce gold resource.
  • Additional diamond drilling planned for Kingfisher and Omega deposits.
  • RC program expected to complete by October 2025.
  • Potential to extend the Gum Creek Project's mine life.
  • Feasibility studies are ongoing to explore mining opportunities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.