Horizon Minerals: Extends mineralisation at Binduli gold project

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Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Horizon Minerals Extends mineralisation at Binduli gold project

  • Horizon Minerals (HRZ) expects extensions to the Binduli gold project’s mineralised system following the latest round of drill results
  • Extensional reverse circulation drilling completed at the Crake project intercepted new, high-grade mineralisation beyond the current resource envelope
  • Significant widths at high grade were also noted between the Crake and Coote projects, indicating potential for the two deposits to converge and extend
  • The company plans to undertake further drilling along strike and between the two deposits with Mineral Resource Estimates expected in the June quarter
  • Shares have been trading 4.1 per cent higher at 12.5 cents
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