Horizon Minerals has acquired the remaining 50 per cent of ASX-listed Labyrinth Resources' high-grade Penny's Find gold project in WA's Eastern Goldfields for a package of $500,000 in cash and $250,000 in shares. Horizon now owns 100 per cent of the high-grade gold project and associated tenements via its wholly owned subsidiary Black Mountain Gold.
ASX-listed gold producer Horizon Minerals has recorded a raft of encouraging intersections from an RC drilling campaign at its Honeyeater prospect, part of its Binduli gold project area about 5km west of Kalgoorlie-Boulder in WA's Goldfields. The highlight was 1m at 68.04 grams per tonne gold from 74m, inside a larger 2m section going 34.85 g/t gold from the same depth.
Horizon Minerals has scored a swag of encouraging drill hits after a phase 1 RC drilling campaign at its Monument gold prospect, part of the developer's larger Boorara-Cannon project near Kalgoorlie in WA. Results from its 14-hole, 2156m program include 1m at 16.13 grams per tonne gold from 99m inside a larger 5m parcel running 4.09 g/t gold from 99m.
Richmond Vanadium Technology, which is 25 per cent owned by Perth-based Horizon Minerals, has struck an off-take agreement with emerging manufacturer Ultra Power Systems to supply vanadium for its patented energy storage modules. Under the agreement, Richmond will invest up to $5 million to shift Ultra into production of its battery technology and in turn secure a guaranteed buyer of vanadium pentoxide from its Queensland project.
Explorer Horizon Minerals has completed the restructure and demerger of its 25 per cent interest in the Richmond vanadium project in central north Queensland with joint venture partner Richmond Vanadium Technology. The move comes after the pair's decision that Richmond will be the dedicated IPO vehicle to drive the 1.8 billion-tonne project into completion.
Multi-element explorer Horizon Minerals has hit nickel sulphides in its first hole at its Euston prospect within the company's wholly-owned Cannon project in WA. Preliminary assays of the 4m nickel intercept revealed encouraging grades of over 1 per cent nickel, 607 parts per million copper and 250ppm cobalt from 160m. Further assays from the five-hole program are pending.
Gold-focused Horizon Minerals and joint venture partner Richmond Vanadium Technology have settled on the path forward for the development of the duo's shared vanadium venture in central north Queensland. The pair have agreed Richmond will be the dedicated IPO vehicle to drive the project – that Horizon holds a 25 per cent interest in – to an ASX listing in September or October.
Horizon Minerals has returned from the field with a bag of encouraging multi-element assays after first pass drilling at the company's Lakewood project, 20km southeast of Kalgoorlie in WA. The anomalous platinum-palladium-nickel-cobalt results come from an initial 59-hole air-core program totalling 3002m over four priority targets within the 90 square kilometre project area.
Multi-element explorer Horizon Minerals has netted $2m in cash by divesting assets as it continues its expansive exploration campaign in WA. The company shed its shareholdings in Red Dirt Metals and Cyprium Metals in addition to the non-escrowed portion of Metal Hawk. The earnings pocketed from monetising its assets will be used to fund part of its ongoing large-scale multi-commodity drilling program.
Horizon Minerals has released positive results from a pre-feasibility study of its Cannon underground gold project. The project is projected to generate $10.1m of net cash flow over a 16-month mine life at a cost of $1873 per ounce of gold. Cannon is part of the company's 1.15-million-ounce gold resource and ongoing cash flow is planned with the Cannon mine followed by further underground mines Penny's Find and Rose Hill.
Buoyed by surging demand and market outlook for silver and zinc, Horizon Minerals has completed a data review and concept study at its wholly-owned Nimbus project, 15km from Kalgoorlie-Boulder in W
Horizon Minerals has updated its open pit ore reserve figures at the company's Lilyvale vanadium deposit in Queensland to a solid 560 million tonnes grading 0.48 per cent vanadium at a 0.3 per cent cut-off. A bankable feasibility study has also progressed through offtake and alliance discussions with battery and electrolyte manufacturers, onshore refining assessments and project approvals for advancement to major project status.
ASX-listed Metal Hawk has lit up a string of bedrock conductors, potentially pointing to the presence of massive nickel sulphides following a ground electromagnetic survey at its Berehaven project located some 20km southeast of Kalgoorlie in Western Australia. Several of the identified conductors lie along strike from the company's exciting massive nickel-sulphide Commodore discovery which has returned assays up to 5.89 per cent nickel.
Horizon Minerals has unearthed a mixed bag of geological goodies at its Yarmany project near Coolgardie. Initial drill results confirm gold, nickel-cobalt-copper, silver, lead, zinc and even lithium mineralisation to be present, opening up a grab bag of opportunities for the gold developer. The Yarmany project sits around 25 kilometres northwest of Coolgardie and takes in some 400km2 along the prospective Mt Ida Fault and Reptile shear zone.
ASX-listed gold producer Horizon Minerals has boosted its bottom line by $1.35m after toll milling stockpiled low-grade ore from its Boorara open pit mine in the renowned WA Goldfields. The company says the processing of low-grade stockpiles via two campaigns totalling nearly 100,000 tonnes from the recent trial mining of the Boorara deposit is now complete.
Horizon Minerals could have unearthed a significant mineralised system after drilling at its Crake and Coote gold deposits intercepted a slew of high-grade gold intercepts. The company says it is now planning subsequent drilling ahead of an updated mineral resource estimate for Crake and a maiden estimate for Coote. The deposits form part of the larger Binduli project area near Kalgoorlie in WA.
Horizon Minerals' toll milling of stockpiled low-grade ore from its Boorara open pit mine in the historic WA Goldfields has yielded profitable results, with the company banking $770,000 from the initial campaign of 69,700 tonnes milled at a reconciled grade of 0.92 grams per tonne gold for 1,857 ounces. It said its second campaign was underway and due to be completed in January.
Horizon Minerals has reached an agreement to acquire the remaining 50 per cent of the high-grade Penny's Find gold project from Labyrinth Resources. Horizon will transfer $500,000 cash, $250,000 worth of Horizon shares and a series of smaller payments including net smelter royalties pending Horizon bringing the project into production which lies 50 kilometres east of Kalgoorlie.
Focus has told shareholders to take no action in response to an unsolicited takeover from Theta Gold, which is looking to win over investors mulling funding options for the long-dormant Coolgardie mine.
Horizon Minerals has received a slew of high-grade gold assays from 31 holes of a 42 drill hole RC program to the north of the historic Golden Ridge mine and 4 kilometres south of its Boorara project in near Kalgoorlie. Significant drill intersections include a 4 metre section grading at a stellar 46.7 grams per tonne gold from 80m downhole.
Horizon Minerals is clearing a path towards a potential spin-off of its Richmond-Julia Creek Vanadium oxide project 400km east of Mt Isa in northwest Queensland having signed a process deed with JV partner, unlisted-Richmond Vanadium Technology. Under the terms of the potential deal Horizon's 25 per cent interest in the Richmond-Julia Creek vanadium project will be demerged into a dedicated vanadium focussed IPO.
Horizon Minerals has increased the mineral resource estimate at its recently acquired and well-advanced Cannon gold project, located a short trucking distance from the company's flagship Boorara gold project on the south east fringes of Kalgoorlie. The mineral resource review was conducted independently and upgraded the current estimate by over 8,000 ounces gold to 32,070 ounces grading an impressive 4.29 grams per tonne gold.
Horizon and Metal Hawk have signed an interesting nickel rights option agreement on 12 tenements adjacent to Horizon's Cannon gold project area approximately 20km east of Kalgoorlie. The agreement sees Horizon pick up an initial 1.5m shares in Metal Hawk with the option of another 3m more shares within 18 months and Metal Hawk taking up an option over the potentially lucrative nickel rights.
Horizon Minerals has officially taken control of Aurenne Group's Cannon, Glandore and Cowarna gold projects, comprised of 22 granted tenement licenses covering approximately 180 square kilometres within a short trucking distance from Horizon's 100 per cent owned Boorara gold project in Kalgoorlie. Resource and reserve models are well advanced at the Cannon underground gold mine providing a near-term development opportunity for the company.
ASX-listed junior gold explorer, Horizon Minerals has released a slew of new high-grade intercepts at its Kestrel discovery to beef up the arsenal of prospects already on hand at its flagship Binduli project near Kalgoorlie. Notable recent shallow intersections include 4m grading 24.27 grams per tonne gold from 92m and 5m grading 13.22 g/t including 1m at 42.27 g/t from 101m.
ASX-listed Horizon Minerals has released a new mineral resource estimate for its Kalpini project about 65 kilometres northeast of Kalgoorlie-Boulder in WA. The revised resource weighs in at 1.87 million tonnes grading 2.33 grams per tonne for 139,000 ounces of the precious yellow metal. Kalpini is one of six key satellite gold deposits that underpins Horizon's proposed flagship Boorara gold production hub about 15km east of Kalgoorlie.
Horizon Minerals has tabled an updated mineral resource estimate for one of the key satellite gold deposits that underpins its proposed flagship Boorara gold production hub about 15km east of Kalgoorlie. The revised resource for the company's Jacques Find-Peyes Farm deposit, located at the Teal project area 10km north-west of Kalgoorlie, weighs in at 1.74 million tonnes grading 2.32 g/t for 130,000 ounces of contained gold.
ASX-listed gold developer Horizon Minerals has released a new mineral resource estimate for its Crake project about 25 kilometres west of its proposed Boorara gold mine near Kalgoorlie. A series of stellar drill results have now moved 95 per cent of the resource into the coveted indicated category and metallurgical test work is also scrubbing up well at up to 98.9 per cent recoveries from the oxides.
ASX-listed Horizon Minerals and its joint venture partner have taken the next major step towards developing their Richmond-Julia Creek vanadium project in north-west Queensland after fine-tuning last year's pre-feasibility study on the proposed long-life project development. Perth-based Horizon and Richmond Vanadium Technology have now committed to a definitive feasibility study that is slated for completion next year.
Horizon Minerals has kicked off this year's Diggers & Dealers in Kalgoorlie with a couple of “stunning” thick, high-grade gold drill hits at one of the promising prospects within its Binduli gold project near Kalgoorlie. Best of the intersections from the company's latest drilling at the Kestrel prospect was 18m grading 4.64 g/t gold from 49m including 1m at a bonanza 56.65 g/t from 64m.
ASX-listed aspiring gold developer Horizon Minerals has returned a swag of encouraging drill intersections of between one and three grams per tonne gold from a first-pass reverse circulation program at its flagship Boorara project near Kalgoorlie in WA. The drilling vectored in on several prospects lining a 10km corridor that takes in the company's centrepiece 448,240-ounce Boorara deposit and smaller 30,720-ounce Golden Ridge deposit.
Horizon Minerals has racked up a pile of high-grade gold hits from infill and extensional drilling at its Kalpini project about 65km north-east of Kalgoorlie in WA. The company's drill program returned better intersections of 12m grading 5.57 g/t gold from 203m including 2m at 12.92 g/t from 211m and 5m going at 10.21 g/t from 70m including 1m at 28.83 g/t from 72m.
ASX-listed Horizon Minerals has tabled an updated mineral resource for the joint-ventured Penny's Find gold project in Western Australia's Eastern Goldfields as it eyes a start to toll ore processing from the high-grade gold asset in the March quarter next year. The satellite underground deposit hosts an indicated and inferred resource of 250,000t at 5.22 g/t for 42,000 ounces of contained gold.
Horizon Minerals has reported a host of encouraging intersections from a follow-up RC drilling program at three prospects within its Binduli gold project 12km west of Kalgoorlie. The pick of the drill hits came from the Honeyeater prospect, which returned 4m at 11.45 g/t gold from 113m including 1m at 32.4 g/t and 4m at 5.15 g/t from 93m including 1m at 13.54 g/t.
Horizon Minerals has racked up a score of high-grade gold hits from an aircore and reverse circulation drilling program at its Windanya gold project that straddles the prolific Bardoc Tectonic Zone about 45km north of Kalgoorlie. The discovery aircore hole at the project's Scorpio prospect returned 3m at 6.44 g/t gold from 3m including 1m at 9.71 g/t from 3m and 1m at 8.04 g/t from 4m.
Horizon Minerals has added more gold tenements and licence applications around Kalgoorlie with the latest acquisitions being a short trucking distance from the flagship Boorara project, just south-east of Australia's major gold hub. The additions include both surface and deeper resources as well as targets at the neighbouring Cannon underground mine.
ASX-listed gold producer in waiting, Horizon Minerals has tabled a revised open-pittable mineral resource estimate for the main gold deposits at its flagship Boorara gold project, about 15km east of Kalgoorlie. The updated measured, indicated and inferred resource now stands at 11.03 million tonnes of ore grading an average 1.26 grams per tonne for 448,000 ounces of contained gold.
Aspiring gold miner Horizon Minerals appears to have nailed its drilling campaign at the Peyes Farm prospect just 10km northwest of Kalgoorlie in WA's Goldfields. Numerous high-grade hits have been returned including a 4-metre interval going a whopping 18.17 grams per tonne gold. A resource estimate update is anticipated for the June quarter this year.
Horizon Minerals has returned an impressive initial batch of high-grade gold hits from a reverse circulation and diamond drilling campaign at the joint-ventured Penny's Find underground gold project in WA's Eastern Goldfields. Better assays include 0.85 metres grading an average 23.56 grams per tonne gold from 216.75m, 1.67m going 17.91 g/t from 178.91m and 1.85m at 13.95 g/t from 251m.
Our board moves wrap includes Stephen Buckley, Alison Gaines, Peter Plakidis, Bianca Taveira, Tim Allison, Keith Smith, Nick Castleden, Karen Logan, Jessamyn Lyons, and Colin Noid.
