Horizon Gold Accelerates Gum Creek Drilling and Feasibility with $30m Raising

Horizon Gold Ltd ( (AU:HRN) ) has shared an update.

Horizon Gold reported further encouraging drilling results from its Kingfisher prospect at Gum Creek, with several high-grade gold intercepts indicating additional mineralisation within interpreted gold shoots and potential extensions down plunge to the north of the existing resource. The company has also commenced additional deep infill and extensional drilling at Kingfisher and Omega and started resource expansion drilling at Eagle South and Goldfinch, while advancing the Gum Creek feasibility study on schedule for completion in the first half of 2026.

During the quarter Horizon strengthened its leadership by appointing Scott Williamson as chief executive officer and managing director. It also launched a $30 million equity raising, combining a $20 million placement and an entitlement offer of up to $10.2 million, to fund the feasibility study, a significantly expanded 80,000 metre exploration drilling program and general working capital, underscoring an acceleration in project development and exploration activity at Gum Creek.

More about Horizon Gold Ltd

Horizon Gold Limited is an Australian gold exploration and development company focused on its 100%-owned Gum Creek Gold Project in the Mid-West region of Western Australia. The project spans 644 square kilometres over the Gum Creek greenstone belt, has produced more than one million ounces historically, and currently hosts a gold resource of 37.97 million tonnes at 1.89 grams per tonne for 2.30 million ounces across numerous past open pit and underground mines.

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Technical Sentiment Signal: Buy

Current Market Cap: A$222.7M

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