Mineral Resources

Total Mineral Resources at the Project as at 12 February 2021 totals 18.6 million tonnes averaging 2.3g/t gold containing for 1.36 million ounces of  gold.  All Resources are classified in accordance with the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC, 2012).  A breakdown of the Resources by deposit is shown in the table below.

Competent Person’s Statement – Geology

The information in this report that relates to the Mineral Resources Statement is based on information compiled by Mr Leigh Ryan who is a member of The Australasian Institute of Geoscientists. Mr Ryan is the Managing Director of Horizon Gold Limited and holds shares and options in the Company. Mr Ryan has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Ryan consents to the inclusion in the report of the matters based on information provided in the form and context in which it appears.

Competent Person’s Statement – Resource Estimation

Information in this report relating to the Swan and Swift Mineral Resources is based on information compiled by Dr Spero Carras.  Dr Carras is a Fellow of the Australasian Institute of Mining & Metallurgy (107972) and has more than 40 years of experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. The Competent Person, Dr Spero Carras visited the Gum Creek site in 2004 and was responsible for the Closure Report in 2005. This involved time spent underground looking at Lodes which were being mined at the time and reviewing mine models and drill core. Dr Carras consents to the inclusion in the report of the matters based on information provided in the form and context in which it appears.

Please refer to Horizon Gold Limited (ASX:HRN) ASX Announcement dated 12 February 2021 for further details.

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