News Articles for Horizon Minerals

Horizon Minerals has reported a string of bonanza gold drill hits from one of its core satellite gold deposits that form part of its proposed Boorara gold project development near Kalgoorlie. Drilling undertaken at the company's Crake deposit delivered spectacular near-surface RC assays led by a 24-metre intersection at an average grade of 4.94 g/t gold from 32m including 1m at 57.17 g/t from 36m.

Aspiring WA gold producer, Horizon Minerals is set for a $7m boost through the sale of its Janet Ivy and Otto Bore mining royalty streams from WA gold mines. The proceeds, of which at least $4m will be cash, will add to Horizon's existing cash reserves of $9.8 million as the company advances a feasibility study at its Boorara mining hub in the Goldfields.

Horizon Minerals has completed its agreement to buy a 50 per cent interest in the high-grade Penny's Find underground satellite gold deposit in WA's Eastern Goldfields for $1.5 million cash. As part of the acquisition, Horizon has also committed to sink a further $1 million in pre-development expenditure into the ground to firm up a mineral resource estimate for the historic gold mine about 50km north-east of Kalgoorlie.

Horizon Minerals has nailed its first drill hole at the Windanya project 45km north of Kalgoorlie. A discovery hole hit a head-turning 2 metres grading 26.68 g/t gold from just 35m at the project, setting it up as an immediate exploration priority for Horizon. Windanya sits within the Bardoc Tectonic Zone where over 100 tonnes of gold from a range of deposits have been mined.

Aspiring ASX-listed gold producer, Horizon Minerals has unveiled another set of solid grade and broad intercept gold strikes at its 100 per cent-owned Peyes Farm gold project just 10km northwest of Kalgoorlie. One of the best hits was 8m at 8.53 g/t gold, including 4m at 14.2 g/t, from 52m and another returned 6m going 5.33 g/t gold from just 30m down-hole.

Horizon Minerals has completed the fourth and final toll milling campaign that treated ore mined from a trial open pit at its flagship Boorara gold project, 10 kilometres east of Kalgoorlie. The Perth-based company eked out a further $2.8 million in revenue including $1.2 million in net cash flow from the fourth instalment's total production of 1,182 ounces of gold that realised a sales price averaging $2,356 an ounce.

Horizon Minerals has reeled off a swag of high-grade gold drill hits from another of its core satellite gold deposits that form part of its proposed Boorara gold production hub, 10km east of Kalgoorlie. Infill and extensional drilling carried out at the company's Jacques Find gold deposit at the Teal gold camp returned bonanza shallow high-grade intersections including 19.2m at 12.53 g/t gold from 42m and 8m at 12.10 g/t from 60m.

Horizon Minerals has decided to hang onto full ownership of the historic Nimbus silver-zinc project near Kalgoorlie adjacent to its flagship Boorara gold project after turning down several acquisition and farm-in proposals for the asset. Nimbus hosts high-grade lodes totalling 260,000 tonnes at the bonanza grades of 774 g/t silver and 12.8 per cent zinc for 6.4 million ounces of contained silver and 33,000 tonnes of zinc within a larger resource.

ASX-listed Horizon Minerals has shuffled its Kalgoorlie based tenement portfolio around and it appears to have come out with a few trump cards as the company pushes ahead with its regional consolidation strategy, focusing on WA's rich Goldfields region. Horizon said its slew of recent deals is value-accretive for the company.

Horizon Minerals has wasted little time shaking off any festive season cobwebs and fired up the drill bit again as it edges closer to finalising a feasibility study on the potential development of its Boorara gold project near Kalgoorlie. The company has resumed its massive exploration campaign targeting a multitude of advanced and early-stage prospects within 75km of the proposed Boorara gold processing plant site.

Horizon Minerals has cleared a $4 million debt with Germany-headquartered investment group, Sparta with the early repayment of $4.6 million, including interest, courtesy of a successful trial gold production campaign at its flagship Boorara gold project near Kalgoorlie. The contract mining and toll milling exercise has also delivered “important” grade reconciliation data for the consolidated feasibility study on Boorara currently being undertaken by Horizon.

Horizon Minerals has continued to ring the till on the back of a toll milling and trial open-cut mining exercise at its flagship Boorara gold project 10km east of Kalgoorlie-Boulder. The company generated a further $6.1 million in revenue including $3.6 million in net cash flow from the trial campaign's third instalment of gold production totalling 2,491 ounces and a realised sales price averaging $2,466 an ounce.

Horizon Minerals has firmed up the mineral resource estimate for one of its quintet of key satellite deposits which are set to complement its proposed flagship Boorara gold project development 10km east of Kalgoorlie-Boulder. The updated resource for the Rose Hill deposit, which is less than 1km south-east of Coolgardie, now stands at 793,400 tonnes grading 3.65 grams per tonne for 93,200 ounces of contained gold.

ASX-listed Kalgoorlie gold miner, Horizon Minerals, has picked up a 50 per cent stake in the high-grade Penny's Find underground satellite gold deposit in WA's Eastern Goldfields for $1.5 million cash. As part of the transaction that sets up a 50:50 joint venture, the company has also agreed to fund the proposed development of the historic gold mine 50km north-east of Kalgoorlie to the tune of $1 million.

ASX-listed Kalgoorlie gold miner, Horizon Minerals, has cranked out further promising near-surface drill intersections from one of the four core satellite deposits supplementing its advancing Boorara gold project 10km east of Kalgoorlie-Boulder. The company recently completed a round of resource extension drilling at the Crake deposit consisting of 10 holes totalling 804m to a depth of 132m, as part of its continuing 70,000m drilling blitz this financial year.

ASX-listed Kalgoorlie gold producer, Horizon Minerals, has poured first gold from the third and final instalment of toll milling ore that was mined from trial open pits at its flagship Boorara project, 10km east of Kalgoorlie-Boulder. Gold production and revenues from the third round of toll processing are forecast at between 2,100 ounces and 2,600 ounces for between $5.3 million and $6.6 million, respectively.

Horizon Minerals has returned a clutch of encouraging near-surface drill hits from one of a key quartet of satellite deposits underpinning its developing Boorara gold project 10km east of Kalgoorlie-Boulder. Notable results from the latest drilling comprising 29 RC holes totalling 899m to a depth of 65m were 3m going 6.63 grams per tonne gold from 10m, 5m at 4.79 g/t from 4m, and 6m at 2.73 g/t from surface.

Budding gold producer, ASX-listed Horizon Minerals, reported further high-grade gold hits at the Crake and Coote projects within its 100 per cent-owned Binduli project, located west of Kalgoorlie. The strikes included a shallow high-grade hit at Crake of 3m at 14.85 g/t gold from only 9m below surface, within a thick 12m interval going 6.68 g/t gold from just 6m.

ASX-listed Kalgoorlie gold producer, Horizon Minerals, has released an encouraging pre-feasibility study on its joint-ventured Richmond-Julia Creek vanadium project in north-west Queensland that envisages an initial 20-year mine life and development CAPEX of US$157.4 million. The JV also released maiden ore reserves for the project's Lilyvale deposit of 459.2 million tonnes going 0.49 per cent vanadium pentoxide for 2.25 million contained tonnes.

Horizon Minerals has signed an agreement to buy a gold project in Western Australia for $2.8 million.

ASX-listed Horizon Minerals has added 200,000-plus resource ounces to its global gold inventory within trucking distance of the company's Boorara gold project 10km east of Kalgoorlie that is already teeming with satellite deposits. The Perth-based gold producer has picked up the potentially lucrative historic Kalpini project from private syndicate, NBT Metals, for only $2.75 million in cash.

ASX-listed Horizon Minerals, sitting on around $22m in cash and investments is progressing trial mining at its flagship low-grade open pit mine Boorara gold mine which has already turned some initial ore into cold hard cash. Horizon said it is now aspiring to join the ranks of mid-tier gold producers via its core gold ground scattered around Kalgoorlie's super pit.

ASX-listed gold producer, Horizon Minerals, continues to capitalise on a strong Australian-dollar gold price at its low-grade Boorara gold mine, 10km east of Kalgoorlie-Boulder, peeling off a rapid-fire $4.89 million in revenue. The bounty was secured courtesy of a second batch of contract trial mining and toll treatment of open-pit ore that culminated in the production of 1,845 ounces of gold that sold for an average $2,654 an ounce.

Horizon Minerals has offloaded its “non-core” Nanadie Well copper project in the Murchison district of WA as it progresses a massive 70,000m aircore, RC and diamond drilling campaign at its flagship Boorara gold project near Kalgoorlie. Horizon is already producing gold near Kalgoorlie under a toll treatment arrangement and the company has a plethora of satellite projects that it hopes to bring into production around Kalgoorlie.

Fuelled by rising commodity prices, Horizon Minerals' high-grade Nimbus silver-zinc project near Kalgoorlie is back in play, with all options on the table, according to the company, and a few sniffs from interested third parties having already been received. Horizon, which this month launched a massive 70,000m drilling campaign at its adjacent flagship Boorara gold project, has kicked off a strategic review of Nimbus designed to maximise value from the historic mine.

If there are any major gold deposits left lurking within cooee of Kalgoorlie, Horizon Minerals will most likely find them after it announced this week it is about to launch a massive, 70,000m drill campaign on an axis around Kalgoorlie that will leave no stone unturned. It will cost $7 million and feed into Horizon's much anticipated definitive feasibility study.

Gold explorer Horizon Minerals is using $16 million raised from a share placement to fund its largest ever drilling program across its Western Australian portfolio.

Having made the successful transition from explorer to producer, Horizon Minerals has taken advantage of soaring gold prices to rack up a quickfire $2.93 million in revenue from the first 1,050 ounces of gold produced from its Boorara mining operations 10km east of Kalgoorlie.

Horizon Minerals has achieved a significant milestone at its Boorara gold mine, 10km east of Kalgoorlie-Boulder, producing its inaugural gold bar less than six months after its stage one feasibility study and some two months after breaking first ground at the Regal East pit.

ASX-listed Horizon Minerals' operations remain ahead of schedule at its Boorara gold mine, 10km east of Kalgoorlie-Boulder with milling now underway at the nearby Lakewood mill and its inaugural gold pour expected next week. Horizon says ore mined to date, 80,000 tonnes at a fully diluted grade of 1.5 g/t gold, is in line with reserve modelling.

In a move that will bring Horizon Minerals' gold assets to the fore, the Perth-based company will divest its Nadine Well West Australian copper project to Cyprium Metals Limited for $1.5m in cash and Cyprium shares in a deal that will see Horizon retain exposure to the prospective copper-gold-PGM region in the Murchison district.

Our board moves wrap includes Warren Harding, Craig Masarei, Sean Maher, Michael Pixley, Shannon Coates, Matthew Foy, Andy Goodwin, Paul Ladislaus, Ashok Parekh, Peter Bilbe, Bernie Ridgeway, Paul House, Dean Hildebrand, Geoff Brayshaw, Karl Paganin, William Kuan, Sally Langer, Maree Arnason, Robert Scott, Phillip Hains, Alfred Gillman, Christopher Knee, Keong Kok Chan, Peter Williams, Graeme Smith, and Bret Silvey.

ASX-listed Horizon Minerals is ahead of schedule at its Boorara gold mine just 10km east of Kalgoorlie's super pit with 22 per cent more dirt already moved than originally contemplated at this point in time. An inaugural parcel of ore is currently being hauled to the nearby Lakewood mill with first processing to occur on July 13th.

Horizon Minerals is showing itself to be more than just a gold mining house, delivering a massive vanadium resource at its Richmond-Julia Creek project in Queensland. This week Horizon tabled a colossal 1.8 Billion tonne resource at 0.36 per cent vanadium pentoxide at Richmond-Julia, with metallurgical test work showing that a high value concentrate can be easily and cheaply produced via conventional processing.

Horizon Minerals has encountered some fresh, solid gold hits at its Rose Hill project near Kalgoorlie as its first gold pour looms at the company's Boorara project. Rose Hill, which is 35km west of Kalgoorlie, already boasts a 95,200oz gold resource. Best intercepts from three holes drilled in April were 3.4m at 17.92g/t gold, 3.7m at 9.77g/t gold and 2.5m at 3.16g/t.

Just as it is breaking ground at its gold project near Kalgoorlie, ASX-listed Horizon Minerals has lit up its Nanadie Well copper-gold project near Meekatharra with intercepts like 12m at 2.16 per cent copper and 2.16g/t gold from just 20m down hole. Horizon said that particular drill hole also included 1m at an impressive 3.7 per cent copper and almost an ounce to the tonne gold.

Gold producers and explorers are undertaking capital raisings and project expansions amid recent record prices.

Horizon Minerals has begun early stages of mining at its Boorara gold project, with first production expected in July, while explorer Bardoc Gold says a definitive feasibility study for its namesake project in Kalgoorlie is underway.

ASX-listed Horizon Minerals has broken ground at its Boorara gold deposit just 10km east of Kalgoorlie's super pit with first gold now expected to be produced at the nearby Lakewood mill in July this year. Horizon said it has now bagged up all necessary approvals and permits and has $4 million in capital ready to deploy with Hampton Transport set and on call to haul the ore.

Horizon Minerals has taken a conservative approach to the current state of play in the market and is putting as much cash as possible into bringing its flagship Boorara gold project east of Kalgoorlie, into production. To maintain its balance sheet, the company's Board and Executive team have agreed to sacrifice 25% of their salaries to support the company's vision. Management said it is still aiming to break ground at Boorara in the June quarter of this year.