Horizon Gold Limited is an ASX-listed (ASX: HRN) gold explorer based in Perth, Western Australia.
The Company’s flagship Gum Creek Gold Project located 640km north east of Perth, represents an exciting gold exploration and potential development opportunity in a historically proven gold province. The Project has previously produced over 1.1 million ounces of gold, currently hosts JORC 2012 Mineral Resources of 44.45 million tonnes averaging 1.50g/t gold containing 2.14 million ounces of gold, covers approximately 663 square kilometres, and contains numerous high quality gold exploration targets and potential resource extension opportunities. The free milling portion of the Mineral Resource Estimate is 32.97Mt @ 1.22g/t Au for 1.30Moz, representing over 61% of the total resource ounces. A global MRE increase of 777,000oz (57%) over the past 2 years highlights the outstanding potential for Horizon to grow its Gum Creek Gold Project gold resource and achieve its goal of developing a stand-alone gold operation.
Horizon has also recently announced a Maiden Inferred Zn-Cu-Ag Mineral Resource Estimate of 7.0 Mt @ 1.8% Zn, 0.5% Cu, 5.0g/t Ag (2.9% ZnEq) at a 2.0% ZnEq cut-off for 200,000 ZnEq tonnes (130,000t Zn, 30,000t Cu, 1.1Moz Ag) for the Altair VMS deposit also located within the Gum Gold Creek Project.
The management team’s strategy is solely focussed on delivering further value for its Shareholders with the completion of a free milling open pit scoping study, and continued cost-effective exploration programs aimed at increasing the gold resource base and enhancing the Project’s development options.
In July 2023 the Company acquired 60,759,746 shares in Alto Metals Limited (ASX:AME) which currently represents 8.5% of AME’s issued capital. This strategic investment is part of Horizon’s broader aim of enhancing the value of the Gum Creek Gold Project.