Horizon Minerals (ASX:HRZ) says ongoing drilling program at its Burbanks gold project near Coolgardie, Western Australia is reinforcing confidence in the quality of the asset’s orebody.
The group has so far completed 18 of 45 planned holes in the 30,000m campaign, returning assays from the first 15.
Results include 1.55m @ 99.65 grams per tonne gold from 336m, including 0.4m at 350g/t, as well as 1.7m at 37.18g/t and 1m at 31.63g/t.
Managing Director Grant Haywood says the drilling has reinforced confidence in the continuity and quality of the Burbanks orebody.
“These spectacular high-grade intersections from our infill diamond drilling program further demonstrate the exceptional quality of the orebody,” he says.
“Confirming such strong results within our existing resource area provides real assurance in the project and demonstrates the opportunity to deliver improved resource confidence that will feed directly into development studies, ultimately providing valuable high-grade feed to our 100% owned Black Swan processing plant.”
The current program, which began in late June, targets both infill and extensional drilling across two phases.
Phase one covers about 15,000m of infill drilling designed to upgrade parts of the existing 6.1 million-tonne, 466,000-ounce JORC (2012) resource. Phase two, due to start early next year, will focus on expanding known lodes along strike and at depth.
At Burbanks North, drilling has confirmed mineralisation continuity to the north and west, while extending known high-grade trends.
Visible gold was observed in multiple holes, and several intercepts returned grades above 20g/t, underlining the project’s potential as a long-life, high-grade asset.
A second diamond rig has now been mobilised to accelerate completion of phase one, which is expected to finish in December. Horizon plans to release remaining assay results through the March 2026 quarter and update its mineral resource estimate by June, ahead of an ore reserve and mine-planning studies.
The Burbanks project, located 9km south of Coolgardie, has produced more than 324,000 ounces of gold at an average grade of 22.7g/t since mining began in 1885.
Write to Dan Petrie at Mining.com.au
Images: Horizon Minerals
