Specimen Well Resource

The Specimen Well gold deposit is located 44km north of the historic Gidgee mill. The current Inferred Mineral Resource Estimate for the Specimen Well deposit is 0.36Mt @ 2.0g/t Au for 23,000oz (Table A)[1]. The deposit is currently just over 170m long, 5 to 25m wide and has not been previously mined.

Gold mineralisation occurs in quartz veined, talc-tremolite-chlorite schist and quartz feldspar porphyry on a sheared mafic / sediment contact. Mineralisation strikes north-northeast, is sub-vertical to steeply west dipping, displays a steep south plunge, and remains open to the north and down plunge to the south (Figures 13 and 14).

Significant intersections (>30 Au gram x metres) from the deposit include:

(0.5g/t Au lower cut-off, max. 3m internal waste, refer to Horizon Gold Ltd ASX announcement dated 15 February 2021)

[1] Refer to Horizon Gold Ltd ASX announcement dated 12 July 2019, “Mineral Resources as at 30 June 2019”. CP’s: J.Hicks & R.Buerger.

Exploration drilling is targeting strike and depth extensions to existing mineralisation with the aim of increasing the current MRE.

 

Figure 1: Specimen Well long section showing gold intercept gram x metre pierce points and interpreted plunging high-grade gold shoots.

 

Figure 2: Specimen Well cross section (7026920N) showing mineralised envelope and significant intercepts.

Refer to Horizon Gold Ltd ASX announcement dated 15 February 2021, “Gum Creek Geological Review”. CPs L.Ryan, M.Gunther, D.Archer.

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