viewHorizon Minerals Ltd

Horizon Minerals uses historical data to reveal Rose Hill opportunity

An updated JORC resource is underway and Rose Hill will feed into the feasibility study.

Horizon Minerals Ltd - Horizon Minerals uses historical data to reveal Rose Hill opportunity
Rose Hill is 45 kilometres from the proposed Boorara Mill in Kalgoorlie

Horizon Minerals Ltd (ASX:HRZ) has confirmed the high-grade gold open-pit and underground mining potential at the Rose Hill Gold Project in Western Australia.

The company concluded this by reviewing historical drilling data, mine optimisation and open pit and underground designs.

Historical drilling included 17 metres at 3.08 g/t gold from surface supporting future open-pit mining, and 20 metres at 8.94 g/t gold from 77 metres supporting future underground mining.

The existing Rose Hill JORC resource stands 95,000 ounces grading 2.49 g/t gold down to 300 metres depth.

Resource updated expected next quarter

The data will be used to update the geological model with a new JORC resource estimate expected in the June quarter 2020.

Rose Hill joins Binduli, Teal and the baseload Boorara deposits as core advanced development projects for assessment as part of the feasibility study due in December 2020.

Rose Hill to potentially boost feasibility study

Horizon’s managing director Jon Price said: “Horizon has now received additional drilling data and mining information from Rose Hill and we have certainly found some hidden gems.

“The high grade open cut and underground potential is clearly demonstrated with more work already completed than first thought saving the company time and money.”

“We now look forward to incorporating the data into a new resource model and updating the open pit and underground mine designs with up to date operational and economic parameters for inclusion into the reserve generation work and feasibility study.”

Quick facts: Horizon Minerals Ltd

Price: 0.06 AUD

Market: ASX
Market Cap: $27.18 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Horizon Minerals Ltd named herein, including the promotion by the Company of Horizon Minerals Ltd in any Content on the Site, the Company...



Intermin Resources will 'drill, grow, and move into that million ounce...

Intermin Resources Ltd (ASX:IRC) managing director Jon Price speaks to Proactive Investors about the Australia-focused company's progress as it works to "enter the realms of mid-tier gold production." The company recently embarked upon one of its largest-ever drilling programs, focused on...

on 19/6/18

2 min read