Horizon Minerals (ASX:HRZ) returned a hit of 0.3m @ 5,848 grams per tonnes of gold from 259.17m from phase one of drilling at the Burbanks Project, located 9km south of Coolgardie in the Western Australian Goldfields.
The company has received assays from an additional 10 holes, with two thirds of the campaign now complete.
Highlights include 0.96m @ 1,762g/t gold from 259.17m; 0.51m @ 14.93g/t gold from 143.66m; 0.39m @ 4.31g/t gold from 147.86m; 0.86m @ 6.53g/t gold from 150.5m; and 1.18m @ 9.51g/t gold from 122.22m.
Horizon began drilling in June 2025, conducted over two stages, for a total of 30,000m. The initial 15,000m of drilling was intended to target a resource upgrade to the existing estimate of 6.1 million tonnes @ 2.4g/t for 466,000 ounces.
CEO Grant Haywood says drilling at Burbank continues to deliver “spectacular high grade intersections”, with gold grading up to 5,848g/t.
“The drilling program unequivocally highlights the exceptional grade potential of the system which significantly underpins our strategy to increase high grade, high margin feed to our 100% owned Black Swan processing plant,” Haywood says.
The Burbank Project has historically produced 324,000 ounces @ 22.7g/t gold.
Horizon Minerals is an emerging gold producer focused on developing its assets in the Kalgoorlie and Coolgardie regions of Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Horizon Minerals
