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Horizon Gold Ltd ( (AU:HRN) ) has shared an update.
Horizon Gold Limited has completed significant geotechnical and drilling activities at its Gum Creek Gold Project to enhance resource confidence and aid in the feasibility study. The work includes geotechnical diamond drilling, infill and extension RC drilling, and various test works, with the aim of potentially extending the project’s mine life and improving its economic viability. The company is optimistic about the project’s potential as a standalone mining operation, particularly with the support of recent high gold prices.
More about Horizon Gold Ltd
Horizon Gold Limited is a company focused on the exploration and development of gold resources, primarily operating the Gum Creek Gold Project in the Mid-West Region of Western Australia. The project spans 499 square kilometers over the Gum Creek greenstone belt, which includes 37 open pit and three underground gold mines. Historically, the project has produced over 1 million ounces of gold and currently hosts a resource of 2.14 million ounces.
YTD Price Performance: -6.25%
Average Trading Volume: 42,421
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$67.35M
For an in-depth examination of HRN stock, go to TipRanks’ Stock Analysis page.