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Horizon Gold Ltd ( (AU:HRN) ) has shared an announcement.
Horizon Gold Limited announced the completion of a 13,183-meter drilling program at its Gum Creek Gold Project, which confirmed historic drill results and aimed to enhance resource confidence across its 2.14 million ounce gold resource. Significant gold intercepts were reported across various prospects, and the company is advancing its Gum Creek Feasibility Study, with completion expected in early 2026. Additionally, Horizon Gold has secured A$5 million from institutional and high net worth investors and announced a 1-for-10 Non-renounceable Entitlement Offer to raise approximately A$7 million.
More about Horizon Gold Ltd
Horizon Gold Limited is a company focused on the exploration and development of its 100%-owned Gum Creek Gold Project located in the Mid-West Region of Western Australia. The project spans 524 square kilometers and includes 37 open pit and three underground gold mines, historically producing over 1 million ounces of gold. Currently, it hosts a gold resource of 44.45 million tonnes at 1.50g/t Au, totaling 2.14 million ounces.
Average Trading Volume: 33,848
Technical Sentiment Signal: Buy
Current Market Cap: A$77.27M
For detailed information about HRN stock, go to TipRanks’ Stock Analysis page.